Key Developments: TechTarget Inc (TTGT.W)
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17 May 2013
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Latest Key Developments (Source: Significant Developments)
The Law Firm of Levi & Korsinsky, LLP Launches An Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Directors Of Techtarget Inc
Levi & Korsinsky, LLP announced that it is investigating TechTarget Inc and its Board of Directors, for possible claims of breaches of fiduciary duty. Full Article
TechTarget Inc Issues Q2 2013 Guidance Below Analysts' Estimates
TechTarget Inc announced that for second quarter of 2013, it expects total revenues to be within the range of $22.7 million to $23.9 million and adjusted EBITDA to be within the range of $2.5 million to $3.5 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $25.2 million and EBITDA of $5.26 million for second quarter of 2013. Full Article
The Law Firm Of Levi & Korsinsky, LLP Launches An Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Directors Of TechTarget Inc
Levi & Korsinsky, LLP announced that it is investigating TechTarget Inc and its Board of Directors, for possible claims of breaches of fiduciary duty in connection with executive compensation. Full Article
TechTarget Inc Issues Q1 2013 Guidance Below Analysts' Estimates
TechTarget Inc announced that for the first quarter of 2013, the Company expects total revenues to be within the range of $20.0 million to $21.2 million, online revenues within the range of $19.0 million to $20.0 million, events revenues within the range of $1.0 million to $1.2 million, and adjusted EBITDA to be within the range of $0.1 million to $0.7 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $24.9 million and EBITDA of $5.0 million for the first quarter of 2013. Full Article
TechTarget Inc Acquires LeMagIT
TechTarget Inc announced that it has acquired the websites and product offerings of LeMagIT, a strategic partner with TechTarget since 2010. Since its launch in 2008, LeMagIT's network of sites has offered French-language news and analysis for IT decision makers on core enterprise IT topics such as cloud computing, virtualization, security, and storage and attracts over 250,000 visits per month. The existing management and editorial team of LeMagIT, led by Chairman Eric Ochs, and Founder and Chief Operating Officer David Castaneira, will be remaining with the company and working with TechTarget to continue to grow its French business. Terms of acquisition were not disclosed.LeMagIT Full Article
TechTarget Inc Issues Q4 2012 Guidance Below Analysts' Estimates
TechTarget Inc announced that for fourth quarter of 2012, it expects total revenues to be within the range of $24.5-$25.7 million and adjusted EBITDA to be within the range of $4.7-$5.4 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $28 million and EBITDA of $8 million for fourth quarter of 2012. Full Article
TechTarget Inc Announces $20 Million Stock Repurchase Plan
TechTarget Inc announced that its Board of Directors has authorized the repurchase of up to $20 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. Full Article
TechTarget Inc Issues Q3 2012 Guidance Below Analysts' Estimates
TechTarget Inc announced that for third quarter of 2012, it expects total revenues to be within the range of $23.9 million to $25.1 million and adjusted EBITDA to be within the range of $4.3 million to $5.0 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $26.7 million and EBITDA of $5.9 million for third quarter of 2012. Full Article
TechTarget Inc Issues Q2 2012 Guidance Below Analysts' Estimates
TechTarget Inc announced that for second quarter of 2012, it expects total revenues to be within the range of $26.1 million to $27.3 million and adjusted EBITDA to be within the range of $5.6 million to $6.3 million. According to I/BE/S Estimates, analysts on an average are expecting the Company to report revenue of $31 million and EBITDA of $8.9 million for second quarter of 2012. Full Article
TechTarget Inc Issues Q1 2012 Guidance Below Analysts' Estimates; Issues FY 2012 EBITDA Guidance In Line With Analysts' Estimates
TechTarget Inc announced that first quarter of 2012, it expects total revenues to be within the range of $23.5 million to $24.5 million and adjusted EBITDA to be within the range of $3.3 million to $3.9 million. For fiscal 2012, it expects adjusted EBITDA to grow more than 20% compared to 2011. The Company reported EBITDA of $25.27 in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $25.0 million and EBITDA of $4.91 for the first quarter of 2012; EBITDA of $31 million for fiscal 2012. Full Article
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