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Sizmek closes up 10.1% following Q3 report, guidance cut

Nov. 14, 2014 5:03 PM ETSizmek Inc. (SZMK) StockBy: Eric Jhonsa, SA News Editor
  • Sizmek's (NASDAQ:SZMK) Q3 revenue was in-line with the guidance provided in the company's Oct. 9 warning. Full-year revenue guidance was slashed to $168M-$170M from a prior $180M-$188M, but (thanks to the warning) the sole analyst estimate was already at $169M.
  • Though total revenue only rose 3% Y/Y, mobile ad revenue rose 97%, and in-stream video ad revenue rose 90%. Sizmek plans to begin using a $15M buyback authorization (approved in August) this quarter.
  • In an article embargoed until 6:15AM ET Saturday, SA Pro author Charles Moscoe argues Sizmek's declining media business is offset by 30% core business growth, and notes Sapient was just sold to Publicis "at a multiple 5x richer than Sizmek's current valuation."
  • Q3 results, PR

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