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Kurnos On SMID-Cap Internet Implications From Microsoft, LinkedIn Deal
Monday, June 13, 2016 - 3:35pm | 369Read More...Microsoft Corporation (NASDAQ: MSFT) agreed to buy LinkedIn Corp (NYSE: LNKD) for $26.2 billion, or $196 per share. Dan Kurnos of Benchmark said Microsoft paid 25x 2016 EV/EBITDA, or 20x using 2017 estimates, in line with the expected revenue and EBITDA growth rates of 20–25 percent for the...
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Dan Kurnos On Amazon's Video Direct: Don't Hold Your Breath For YouTube-Lite
Tuesday, May 10, 2016 - 4:24pm | 427Read More...Amazon.com, Inc. (NASDAQ: AMZN)'s new video platform would fall at the long-end spectrum of long-term catalysts, Daniel Kurnos of Benchmark told Benzinga. Shares of Amazon rose more than 3 percent after the online retail giant unveiled a new platform, Video Direct, which enables people to...
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'Zillow Still Has Plenty Of Rate Headroom,' Benchmark's Kurnos Says
Wednesday, May 4, 2016 - 8:22am | 337Read More...Zillow Group Inc (NYSE: Z) reported mixed 1Q16 results, with a revenue beat and an EBITDA shortfall. Benchmark's Daniel L. Kurnos maintained a Buy rating for the company, with a price target of $34. The analyst commented that Zillow “still has room to run over the medium-term on the...
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Zillow's Stock Still Has Room To Run...For Now
Tuesday, May 3, 2016 - 11:55am | 319Read More...Zillow Group, Inc.- Class C (NASDAQ: Z) is scheduled to report its 1Q16 results on May 3. Benchmark’s Daniel L. Kurnos maintains a Buy rating on the company, while raising the price target from $33 to $34. Medium Term Kurnos believes that the “1Q16 results will be critical for proving/...
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Benchmark Raises CBS Price Target To $65 Amid Stable Ad Trends
Tuesday, May 3, 2016 - 10:58am | 246Read More...CBS Corporation (NYSE: CBS) shares have gained 20 percent since February 3. Benchmark’s Daniel L. Kurnos maintained a Buy rating for the company, while raising the price target from $56 to $65. CBS is likely to report robust 1Q16 results, driven by Super Bowl related benefits and other...
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Would Amazon Buy Lionsgate? These Analysts Aren't Convinced
Wednesday, February 24, 2016 - 2:37pm | 338Read More...Lions Gate Entertainment Corp. (USA) (NYSE: LGF) surged more than 5 percent on Wednesday following unconfirmed reports that Amazon.com, Inc. (NASDAQ: AMZN) is evaluating a bid to acquire the movie and TV producer and distributor. Speaking to Benzinga, Victor Anthony of Axiom Capital suggested...
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M&A Rumor Mill: Does Priceline Acquiring Yelp Make Sense?
Tuesday, January 26, 2016 - 4:09pm | 340Read More...As earnings season begins, the market has seen a recent uptick in M&A chatter. Among the names being mentioned for a takeover include local business review site Yelp Inc (NYSE: YELP). To help break down the validity of the rumor, Benzinga reached out to Benchmark Equity analyst Daniel Kurnos...
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TripAdvisor's Exclusivity Deal With Priceline: Expedia Just Spilled The Beans
Thursday, November 19, 2015 - 3:25pm | 412Read More...Tripadvisor Inc (NASDAQ: TRIP) announced it has entered into a new agreement with Priceline Group Inc (NASDAQ: PCLN) for its Instant Booking feature. As part of the agreement, Priceline's Booking.com site will initially be included in the Instant Booking feature with its sister properties to be...
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Benchmark Defends 1-800-Flowers, Sees Buy The Dip Opportunity
Thursday, November 19, 2015 - 11:41am | 296Read More...1-800-Flowers.Com Inc (NASDAQ: FLWS) shares have been volatile in 2015 and are down 16 percent year-to-date. Benchmark’s Daniel L. Kurnos maintained a Buy rating on the company, with a price target of $14. Pressure on shares offer a significant fundamental value opportunity, Kurnos...
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EXCLUSIVE: Benchmark's Daniel Kurnos Thinks Angie's List Has Been A 'Broken' Stock, Would Be Better Served As Part Of IAC
Thursday, November 12, 2015 - 12:35pm | 590Read More...Shares of Angie's List Inc (NASDAQ: ANGI) spiked higher by nearly 15 percent Thursday after the company confirmed it has received an acquisition offer from IAC/InterActiveCorp (NASDAQ: IACI) for $8.75 per share. Speaking to Benzinga, Benchmark's Daniel Kurnos said that Angie's...
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Benchmark Downgrades Glu Mobile, Says It Could Be A Compelling Takeover Target
Monday, November 9, 2015 - 11:52am | 390Read More...Benchmark has downgraded Glu Mobile Inc. (NASDAQ: GLUU) after the company reduced its Q4 guidance. Benchmark believes that the stock offers a compelling valuation but sees an unclear growth outlook. However, Glu's valuation makes it a compelling buyout target. Benchmark analyst...
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Seagate Has Crashed, But Benchmark Is Still Cautious
Monday, November 2, 2015 - 10:56am | 311Read More...Seagate Technology PLC (NASDAQ: STX) shares have declined 43.41 percent year-to-date, hitting a low of $37.13 on October 21. Benchmark’s Mark Miller has maintained a Sell rating on the company, with a price target of $35. Despite the decline in the share price, Miller prefers to...
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Benchmark's Kurnos Sees 'Downside Mostly Priced' Into eBay
Tuesday, October 20, 2015 - 1:52pm | 360Read More...eBay Inc (NASDAQ: EBAY) shares are down 14 percent in the last three months, and are trading close to the low end of their 52-week range of $23.23 - $66.73. Benchmark's Daniel Kurnos maintained a Buy rating on the company, while reducing the price target to $28. Street expectations...
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RR Media Loved By Benchmark Analysts; It's Cheap And Is Building Scale
Friday, October 2, 2015 - 11:03am | 319Read More...RR Media Ltd (NASDAQ: RRM) shares are down 1 percent since September 3. Benchmark’s Daniel L. Kurnos initiated coverage of the company with a Buy rating and a price target of $12. RR Media is a scaling content distribution play, while its stock is currently inexpensive, Kurnos said...
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Microcap Nxt-ID Has Crashed, But Is There Beauty In The Rubble?
Tuesday, September 22, 2015 - 1:49pm | 356Read More...NXT-ID, Inc. (NASDAQ: NXTD) has seen a 55.84 percent decline in its share price year-to-date. Benchmark’s Daniel L. Kurnos has maintained a Speculative Buy rating and price target of $6 on the company, Although progress on achieving scale has been slower than expected, the company...
