Benchmark

Benchmark lowered its Blue Nile (NASDAQ: NILE) price target to $44 from $46 in a research report published today. In the report, Benchmark states, "Blue Nile (NILE-Hold-PT from $46 to $44) reported weak 4Q10 results. Net revenue of $115 million, up 12% y/y, topped consensus of $110 million, but...

Benchmark downgraded its Expedia (NASDAQ: EXPE) rating to Hold from Buy and lowered its price target to $26 from $36 in a research report published today. In the report, Benchmark states, "Moderating bookings and revenue growth combined with increased marketing and investment spending is likely to...

Benchmark downgraded its Orbitz Worldwide (NYSE: OWW) rating to Hold from Buy and lowered Orbitz Worldwide's price target to $5 from $9 in a research report published today. In the report, Benchmark states, "We lower our rating on Orbitz (OWW-Hold, PT from $9 to $5) from Buy to Hold given its lack...

Benchmark is out with its report today on Equinix (NASDAQ: EQIX), maintaining Buy. In a note to clients, Benchmark writes, "Equinix' 4Q10 report was as expected although its 1Q11 outlook was a tad light. Trends remain solid with 18% y/y revenue growth excluding Switch & Data. Crossconnects were...

Benchmark is out with its report today on GSI Commerce (NASDAQ: GSIC), lowering its PT from $29 to $28. In a note to clients, Benchmark writes, "GSI Commerce reported 4Q10 results which matched expectations. Total revenue of $537 million, up 25% y/y, was slightly ahead of consensus at $532 million...

Benchmark is out with its report today on Savvis (NASDAQ: SVVS), maintaining Buy and a $40 PT. In a note to clients, Benchmark writes, "Yesterday morning, Savvis reported strong 4Q results that were better than expectations. Growth in the strategic managed and cloud hosting segment was solid. In...

Benchmark is out today with its report on OpenTable (NASDAQ: OPEN) maintaining Hold and a $90 price target after OPEN reported Q4 10 results yesterday. In a note to clients, Benchmark writes, "Total revenue was $30.8 million, below our $31.1 million estimate but above the Street at $30.2 million....

Benchmark is out with its report today on Clear Channel Outdoor (NYSE: CCO), commenting on Q4 10 results. In a note to clients, Benchmark writes, "Clear Channel Outdoor reported 4Q10 revenue of $793 million, up 4%, just below consensus of $805 million, but OIBDAN of $207 million, up 33% y/y,...

Benchmark is out with its report today on Expedia (NASDAQ: EXPE), previewing EXPE's Q4 10 earnings. In a note to clients, Benchmark writes, "Expedia is set to report 4Q10 earnings on Thursday after the close of the stock market. Expedia could show 12% y/y gross bookings growth leading to 13% y/y...

Benchmark is out with its report today on GSI Commerce (NASDAQ: GSIC), previewing GSIC's Q4 10 earnings. In a note to clients, Benchmark writes, "GSI Commerce is set to report 4Q10 results on Wednesday, February 9, after the market closes. We estimate total revenue may be $539 million, up 25% y/y,...

Benchmark raised its OpenTable (NASDAQ: OPEN) price target to $90 from $70 in a research report published today. In the report, Benchmark states, "OpenTable is scheduled to report 4Q10 results on Tuesday, February 8 with a conference call at 5PM. We believe strong momentum will continue as online...

Benchmark is out with its report on Amazon (NASDAQ: AMZN), commenting on AMZN's Q4 earnings. In its note to clients, Benchmark writes, "Amazon reported weaker-than-expected 4Q10 results. Net revenue of $13 billion matched consensus, but shrinking margins caused EBITDA growth of just 11% y/y and...

Benchmark is out with its report today on SAVVIS (NASDAQ: SVVS), raising its PT to $40 and reiterating Buy. In a note to clients, Benchmark writes, "Last night, Verizon announced a takeover of Terremark for $19 per share, or almost 14x FY12 EBITDA. Savvis is the closest public comparable to...

Benchmark is out with its report today on Rackspace (NYSE: RAX), raising its PT from $29 to $40. In a note to clients, Benchmark writes, "Rackspace (RAX), as a high-growth pure-play cloud company, is a takeover candidate as well. RAX has the highest growth in the sector at 23% and has a strong...

Benchmark said that it believes tower stocks, including SBA Communications Corporation (NASDAQ: SBAC), “provide investors strong cash flow growth with limited operating risk for the foreseeable future.” “The near term risk/reward trade-off appears favorable given several potential events, primarily...