Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Pacific Crest Upgrades ValueClick


Pacific Crest upgrades Internet advertising company ValueClick Inc. (VCLK) to outperform from sector perform.

Analyst Chad Bartley views ValueClick as a strong play on positive trends in online advertising. ValueClick has increased its organic revenue by 34% in 2004, compared with U.S. online advertising growth of roughly 25%.

In 2005, he expects ValueClick to outperform industry growth, which he estimates will be 25% to 30% in the U.S. However, Pacific Crest's proprietary surveys of media buyers indicate that growth could be much higher than expected.

Therefore, Bartley sees an upward bias to his estimates. He expects 2005 earnings per share growth to be in the mid-20% range, and accelerate to 30% in 2006.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus