Key Developments: ExactTarget Inc (ET)
22.52USD
17 May 2013
$-0.15 (-0.66%)
$22.67
$22.76
$23.09
$22.51
469,067
534,324
$24.93
$17.25
Latest Key Developments (Source: Significant Developments)
ExactTarget Inc Issues Q2 2013 Revenue Guidance; Earnings Guidance Below Analysts' Estimates; Raises FY 2013 Revenue Guidance; Reaffirms FY 2013 Earnings Guidance
ExactTarget Inc announced that for second quarter of 2013, it expects adjusted revenue to be $91.0 million to $92.0 million, adjusted Net (Loss) / Income to be $(7.0) million to $(8.0) million, adjusted net (Loss) / Income per Share to be $(0.10) per share to $(0.12) per share on a basic and diluted basis assuming weighted average shares outstanding of approximately 69 million shares. For fiscal 2013, it expects adjusted revenue to be $376.0 million to $379.0 million, adjusted Net (Loss) / Income to be $(20.0) million to $(22.0) million, adjusted Net (Loss) / Income per Share to be $(0.29) per share to $(0.31) per share on a basic and diluted basis. This assumes weighted average shares outstanding of approximately 70 million shares. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $91.1 million, net income of $(5.54) million and EPS of $(0.08) for second quarter of 2013; revenue of $374.4 million, net income of $(20.78) million and EPS of $(0.30) for fiscal 2013. Full Article
ExactTarget Inc Issues Q1, FY 2013 Guidance In Line With Analysts' Estimates
ExactTarget Inc announced that for first quarter of 2013, it expects adjusted revenue to be $87.0 million to $88.0 million, adjusted Net (Loss) / Income to be $(6.0) million to $(7.0) million. Adjusted Net (Loss) / Income excludes the effects of stock-based compensation expense, amortization of intangibles, and the impact of adjusting deferred revenue to fair value under purchase accounting, adjusted Net (Loss) / Income per Share: expected to be $(0.09) per share to $(0.10) per share on a basic and diluted basis assuming weighted average shares outstanding of approximately 69 million shares. For fiscal 2013, it expects adjusted Revenue to be $370.0 million to $374.0 million, Adjusted Net (Loss) / Income to be $(20.0) million to $(22.0) million. Adjusted Net (Loss) / Income excludes the effects of stock-based compensation expense, amortization of intangibles, and the impact of adjusting deferred revenue to fair value under purchase accounting. Adjusted Net (Loss) / Income per Share to be $(0.29) per share to $(0.31) per share on a basic and diluted basis. This assumes weighted average shares outstanding of approximately 70 million shares. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $83.7 million, net income of $(8.08) million and EPS of $(0.12) for first quarter of 2013; revenue of $370.4 million, net income of $(21.25) million and EPS of $(0.30) for fiscal 2013. Full Article
ExactTarget Inc Issues Q4, FY 2012 Guidance
ExactTarget Inc announced that for the fourth quarter of 2012, it expects revenue to be $79.0 million to $80.0 million, net loss is expected to be $(12.5) million to $(13.5) million and net loss per share is expected to be $(0.18) to $(0.20) per share. For fiscal 2012, it expects revenue to be $287.0 million to $288.0 million, net loss is expected to be $(12.0) million to $(13.0) million and net loss per share is expected to be $(0.22) to $(0.24) per share. Full Article
ExactTarget Inc Acquires iGoDigital
ExactTarget Inc announced that it has acquired privately-held iGoDigital, bringing advanced Website solutions and predictive analytics to ExactTarget’s cross-channel interactive marketing platform. ExactTarget paid $21.0 million in total consideration for iGoDigital, consisting of $14.7 million in cash and $6.3 million in ExactTarget common stock. Indianapolis-based iGoDigital will lead ExactTarget’s expanded Web product line under the leadership of iGoDigital Founder and President Eric Tobias. Full Article
ExactTarget Inc Raises Q3 2012 Guidance
ExactTarget Inc announced on August 9, 2012 that it expected for the third quarter of 2012 revenue to be $71.0 to $72.0 million and adjusted net (loss)/income to be $(3.0) million to $(4.0) million. The company now expects to report for the third quarter of 2012 revenue of at least $72.0 million and adjusted net (loss) better than $(3.0) million. Full Article
ExactTarget Inc Announces Pricing of Follow-On Offering
ExactTarget Inc announced the pricing of the follow-on public offering by certain of its stockholders of 7.5 million shares of its common stock at a price to the public of $22.50 per share. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1.125 million shares of common stock on the same terms and conditions. The selling stockholders will receive all of the proceeds from this offering. No shares are being sold by ExactTarget. J.P. Morgan Securities LLC, Deutsche Bank Securities and Stifel Nicolaus Weisel are acting as joint book-runners for the offering, with RBC Capital Markets, Pacific Crest Securities, Canaccord Genuity and Raymond James acting as co-managers. Full Article
ExactTarget Inc Announces Public Offering
ExactTarget Inc announced a public offering of 6,500,000 shares of its common stock. Certain existing stockholders of ExactTarget propose to sell an aggregate of 6.5 million shares of common stock. The underwriters for the offering will have a 30-day option to purchase from the selling stockholders up to an additional 975,000 shares of common stock, on the same terms and conditions. ExactTarget will not receive any proceeds from the sale of the shares in the offering. J.P. Morgan Securities LLC, Deutsche Bank Securities and Stifel Nicolaus Weisel are acting as joint book-runners for the offering, with RBC Capital Markets, Pacific Crest Securities, Canaccord Genuity and Raymond James acting as co-managers. In connection with the proposed offering, J.P. Morgan Securities LLC, Deutsche Bank Securities and Stifel Nicolaus Weisel, the lead book-running managers of ExactTarget’s initial public offering in March 2012, are releasing lock-up restrictions with respect to certain shares of ExactTarget common stock held by the selling stockholders that are participating in the offering announced. The release will take effect concurrently with the offering. Full Article
ExactTarget Inc Files Registration Statement For Proposed Follow-On Offering
ExactTarget Inc announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (the SEC) relating to a proposed public offering of its common stock by selling stockholders. The selling stockholders will receive all of the proceeds from the offering. No shares are being sold by ExactTarget. .P. Morgan, Deutsche Bank Securities and Stifel Nicolaus Weisel are acting as joint book-runners for the offering, with RBC Capital Markets, Pacific Crest Securities, Canaccord Genuity and Raymond James acting as co-managers. Full Article
ExactTarget Inc Issues Q3 2012 Gudiance; Raises FY 2012 Guidance
ExactTarget Inc announced that for third quarter of 2012, it expects revenue to be $71.0 million to $72.0 million, Adjusted Net (Loss) / Income to be $(3.0) million to $(4.0) million, Adjusted Net (Loss) / Income per share to be $(0.05) per share to $(0.06) per share on a basic and diluted basis (non-GAAP). For fiscal 2012, it expects Revenue to be $277.0 million to $280.0 million, Adjusted Net (Loss) / Income to be $(12.0) million to $(13.0) million, Adjusted Net (Loss) / Income per Share: expected to be $(0.21) per share to $(0.23) per share on a basic and diluted basis (non-GAAP). Full Article
ExactTarget, Inc. Issues Q2 2012 Guidance; Issues FY 2012 Guidance Above Analysts' Estimates
ExactTarget, Inc. announced that for the second quarter of 2012, it expects revenue to be in the range of $65.0 million to $66.0 million, adjusted net loss to be $5.0 million to $6.0 million, adjusted net loss excludes the effects of stock-based compensation expense and amortization of intangibles, which are expected to be approximately $3.0 million and $0.3 million, respectively and adjusted net loss of $0.08 to $0.09 per basic and diluted share (EPS). For fiscal 2012, the Company expects revenue to be in the range of $270.0 million to $273.0 million, adjusted net loss is expected to be $15.0 million to $16.0 million, adjusted net loss excludes the effects of stock-based compensation expense and amortization of intangibles, which are expected to be approximately $12.0 million and $1.2 million, respectively, and adjusted net loss of $0.27 to $0.29 per basic and diluted share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $260.3 million, net income of $(21.1) million and EPS of $(0.45) for fiscal 2012. Full Article
Earnings vs. 
Estimates
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