Champagne Time At Facebook


Mr. Zuckerberg would have finally treated himself to some champagne as the Facebook (FB) stock crossed the IPO price of $38 for the first time since May 2012. Facebook stock, the  new rock-star performer on Wall Street, continued the party post the announcement of its second quarter results on July 24th. While on one hand, several world-renowned analysts are busy upgrading the target price for Facebook stock, some insiders probably don’t share their optimism. Six executives had sold their shares at around $38. However, the stock market seems to be in quite an upbeat mood given that the Facebook stock price has jumped 50% since the earnings release. Check our Facebook stock analysis.

FB Crosses IPO Price
Source: Facebook stock chart by Amigobulls

Blucora Stock Rating Upgraded

Blucora (BCOR), one of our top 5 internet stock picks for last 2 months, had its target stock price increased to $27 by Benchmark Co. The Blucora stock price of $27 would mean an upside of 27% from yesterday’s closing price of $21.3. Benchmark maintains a ‘buy’ rating on the stock. Analysts at Zacks too upgraded Blucora stock rating to a ‘neutral’ from ‘underperform’ in a research note to investors on Jul 3rd. We are keeping a close watch on Blucora stock for any further updates, while continuing to keep it as part of our top 5 stock picks.

Yandex Stock: The Growth Continues

Yandex (YNDX), also called the Google of Russia, is on a spree of making impressive partnerships with companies like Apple (AAPL). Of late, the company entered into partnership with the makers of AVG antivirus software, wherein the premium users of AVG will be offered a free Yandex search tool bar. Looking at its latest quarterly results, the growth story for Yandex stock looks encouraging. The market is currently valuing Yandex stock at 40 times its earnings (PE ratio).
Yandex PE ratio chart
Source: Yandex PE ratio by Amigobulls

Responsys Stock Outperforms revenue Guidance

Responsys Inc. (NASDAQ:MKTG), the online marketing support services provider, and DealerTrack announced their quarterly results last evening after market close. Responsys outperformed its own revenue guidance with a 25% YoY increase in revenues. However the earning per share of -3 cents is a cause for concern. Adding to the valuation concerns is the high PE ratio of over 110. The stock might see a short term upside attributable to the guidance beat and management’s increased guidance for FY 2013. However the trend of increasing revenues and falling margins is one we are apprehensive about and hence we aren't betting our money on this stock.

Dealertrack Stock Posts Strong Quarter Results

Dealertrack Technologies (TRAK), the company that provides web-based software solutions to the automotive retail industry, posted a strong second quarter revenue growth of 26% YoY to $121.8 million. As per the company’s press release, it is facing a favorable business climate driven by traction in pickup trucks, sport utility vehicles (SUVs) and other automobiles in US markets. Despite the jump in sales, the Dealertrack's profits (net income) was down by 35% on YoY basis. The Dealertrack stock price had fallen 43 cents  during the day before the earnings announcement. View our Dealertrack stock analysis.

That’s all from us for today! Keep checking Amigobulls for internet stocks research.

Click here to see our top 5 internet stock picks.

Virendra Singh Chauhan Virendra Singh Chauhan   on Amigobulls :

Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice.

Buying and selling of securities carries the risk of monetary losses.Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions.

Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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Comments on this article and FB stock

oh ya...some champagne for mark boy !!
Do share this awesome post