New tech issues including GoDaddy (GDDY) and TubeMogul (TUBE) are making big moves in after-hours trading as investors react to their quarterly results. TubeMogul jumped 10% after the bell on bullish guidance for the top line. The ad-software maker sees Q2 sales of $38 million to $40 million, topping estimates for $36.9 million. The July 2014 IPO widened its Q1 loss to 24 cents a share from an 11-cent per-share loss a year ago. Analysts were
Digital ad firm TubeMogul (TUBE) reported fourth-quarter earnings late Thursday that beat, but it gave 2015 guidance below estimates, and shares tumbled after hours. TubeMogul, which operates a platform that lets advertisers manage their video ad spending and digital branding, reported revenue of $36 million, up 64% from the year-earlier period, beating analyst estimates of $32.2 million. It reported a per-share loss of 14 cents, but analysts
TubeMogul (TUBE) could be on the verge of capitalizing on the growing shift of video ad spending from TV to the Internet. In a research report late Thursday, Rohit Kulkarni, an analyst for RBC Capital Markets, says the company’s improving fundamentals and several developments gives the company an edge in the online video ad market. Kulkarni raised his rating on the company to outperform from sector perform, with a price target of 21. TubeMogul