Benchmark

According to a research report published today, Benchmark has established a PT of $37 for Cenovus Energy (NYSE: CVE). “This is based upon a modestly narrower price premium to our normalized ($70 oil) net asset value assessment of C$28.13 per share which, as indicated in our research note dated...

In a research report published today by Benchmark, inContact Inc. (NASDAQ: SAAS) is set to report its 4Q earnings this Wednesday, February 29, after market close. In the report, inContact commented, “We expect SAAS to report total revenue of $23.3 million and software revenue of $11 million,...

Benchmark raises its price target on Buy-rated eResearch Technology (NASDAQ: ERT) to reflect the company's expanding capacity and efficiency. Benchmark comments, "ERT posted strong Q4 results including revenue growth of 16.5% to $52.3 million, and $0.14 non-GAAP EPS. Results widely exceeded the...

Benchmark raises its price target on Buy-rated Priceline.com (NASDAQ: PCLN) to $692 from $638 following strong Q4 results. Benchmark says, "Gross bookings growth of 52% y/y exceeded consensus at 43% and the high end of guidance at 44%, driven by domestic market share gains and continued...

Benchmark reiterates its Hold rating on The E.W. Scripps Company (NYSE: SSP) and raises its price target by 50 cents to $10.50 following strong Q4, although 2012 guidance is conservative. Benchmark says, "2012 could be a strong year for Scripps. Including the McGraw Hill acquisition, net revenue...

According to Benchmark, Warnaco (NYSE: WRC) is downgraded to Hold. Benchmark said that it expects EPS in line with its estimate $1.00, and just slightly above the recently lowered consensus of $0.99, but expect that 2012 guidance may fall short of its and consensus estimates, given headwinds. “Our...

Benchmark reiterates its Hold rating on Broadcom (NASDAQ: BRCM) as the company shares may not have completely discounted margin headwinds ahead. Benchmark notes, "We recently cut our rating on shares of Broadcom from "Buy" to "Hold" following a ~30% year-to-date appreciation in shares. We felt...

Benchmark raises its price target on Buy-rated CryoLife (NYSE: CRY) on robust outlook ahead. Benchmark says, "Guidance for 2012 EPS was $0.14-$0.18 versus the $0.33 consensus and our $0.28 forecast. Excluding $0.12-$0.14 per share in fully-taxed Medafor litigation expense, we equate guidance to...

According to Benchmark, Blue Nile (NASDAQ: NILE) price target is lowered to $28. Benchmark said that Blue Nile (NILE-Hold, PT from $30 to $28) reported weak 4Q11 results with net revenue falling 2% y/y to $112 million, $11 million below consensus, as core engagement revenue fell and international...

Benchmark reiterates its Buy rating and $140 target price on Equinix (NASDAQ: EQIX) following a solid quarter and unchanged outlook. Benchmark says, "Last night, Equinix reported solid 4Q11 results and left 2012 guidance unchanged. The stock traded down after-hours but this was due to lack of...

According to Benchmark, SBA Communications (NASDAQ: SBAC) price target is raised to $54. Benchmark said that SBA provides mission-critical real-estate to the wireless industry but is not structured as a REIT. “Its REIT peer, American Tower (AMT), is valued at a premium to SBA even though SBA...

Benchmark raises its price target on Buy-rated Aspen Technology (NASDAQ: AZPN) to $25 following highlights from the company's investor meeting suggesting that strategy is on the right track. Benchmark says, "We recently sponsored investor meetings in New York with Mark Fusco, CEO of Aspen...

According to a research report published earlier today, Benchmark has downgraded Fossil Inc. (NASDAQ: FOSL) stock from Buy to Hold, and withdraws its PT. In the report, Benchmark explained its decision: “The Company guided 2012 in line with consensus, excluding $0.18 of potential upside from the...

According to a research report published this morning, Benchmark has increased SBA Communications Corporation (NASDAQ: SBAC) PT from $50 to $54 per share. In the report, Benchmark commented, “ SBA provides mission-critical real-estate to the wireless industry but is not structured as a REIT. Its...

In a research report published earlier today, Benchmark has upgraded Fusion-io Inc. (NYSE: FIO) from Hold to Buy. According to Benchmark, “First, Fusion-io's shares gapped down following 2Q12 results due primarily to gross margin concerns. Second, EMC's official launch of VFCache (formerly known...