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Demand Media (DMD)

  • Wed, Mar. 18, 3:05 PM
    • Today's notable tech gainers include data protection software vendor Imperva (IMPV +3.5%), supercomputer maker SGI (SGI +5.3%), analog/mixed-signal chipmaker MagnaChip (MX +6.1%), enterprise cloud healthcare software vendor Castlight (CSLT +7.6%), program guide/content protection IP provider Rovi (ROVI +5.8%), cloud contact center software vendor Zendesk (ZEN +5%), and Web site owner Demand Media (DMD +4.6%). The Nasdaq is up 0.8% following Janet Yellen's market-pleasing remarks.
    • Notable decliners include Chinese EV maker Kandi (KNDI -3.4%), RF backhaul hardware maker DragonWave (DRWI -7.6%), NAND flash controller/4G RF transceiver maker Silicon Motion (SIMO -3.2%), and online money transfer provider Xoom (XOOM -4.9%).
    • Castlight is now up 13% from Friday's close. Rovi, rumored to be weighing strategic options, is two days removed from naming a new sales chief and announcing a licensing deal with Sharp. Kandi has now given back the big Monday gains it saw after posting Q4 results.
    • Xoom's losses are likely tied to Facebook's launch of a money transfer service for Messenger users; Facebook isn't charging any fees for now.
    • Previously covered: Adobe, Wix, Microsemi/Vitesse, Pandora,, chip equipment makers, Qihoo, MicroVision, Solar3D, Immersion, Netlist, Qunar, eBay, Avid
  • Fri, Mar. 6, 5:20 PM
    • On a rough day for the market, one outlier was Demand Media (NYSE:DMD), up 13.3% on several times average volume.
    • B. Riley reiterated its Buy rating on the stock, with a price target of $15. Shares closed today at $5.95.
    • The move up came in spite of Deutsche Bank lowering its own price target to $6 after the firm's Q4 report. The firm maintains a Hold rating on DMD.
    • During the company's Q4 conference call, along with highlighting the firm's new CFO, Demand noted the resignations of Gaurav Bhandari and Josh James from the board -- now at seven members, a smaller board making sense "in keeping with our message of focus and efficiency and the current size of our company."
    • CAO Peter Kim noted that while mobile traffic was down 9% Y/Y, mobile visits were up 63% across all properties "and accelerating."
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  • Fri, Mar. 6, 12:45 PM
  • Mon, Feb. 2, 2:50 PM
    • Tech companies posting major gains today include fiber access equipment vendor Zhone (ZHNE +5.3%), wireless charging tech developer Energous (WATT +4.6%), 4G infrastructure software vendor Mavenir (MVNR +5.8%), online content provider Demand Media (DMD +6.2%), and online health insurance seller eHealth (EHTH +3.9%).
    • Major tech decliners include several Chinese Internet names. Specifically, online retailers Vipshop (VIPS -4.9%) and Dangdang (DANG -4.1%), auto site Bitauto (BITA -6.4%), mobile game publisher Sky-Mobi (MOBI -4%), and social media/gaming platform YY (YY -6.3%).
    • Other notable decliners include cybersecurity hardware firm KEYW (KEYW -4.9%), telecom/ARM server chipmaker AppliedMicro (AMCC -10.1%), specialty foundry TowerJazz (TSEM -4.7%), cloud healthcare software firm Castlight (CSLT -4.1%), cloud marketing software firm Marketo (MKTO -4.5%), online coupon code platform RetailMeNot (SALE -4.7%), optical component vendor NeoPhotonics (NPTN -6%), and supply chain software firm Manhattan Associates (MANH -5.1%). The Nasdaq is down 0.3%.
    • Previously: Solar stocks jump amid oil/energy stock rally
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  • Nov. 11, 2014, 12:45 PM
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  • Nov. 11, 2014, 11:47 AM
    • Though it beat Q3 estimates, Demand Media (NYSE:DMD) stated on its CC (transcript) its "revenue and adjusted EBITDA will be lower over the next several quarters."
    • Demand, often accused in the past of being a "content farm," says it's "taking down a large portion of content that are not up to our current standards and removing three ad units to make our pages less cluttered and more user-friendly."
    • The company is also increasing content investments for its eHow site, and plans to spend more on its Content Solutions and Marketing ops.
    • Demand has also disclosed CFO Mel Tang will be leaving at year's end. A search has begun for a successor.
    • Content & Media site visits rose 20% Y/Y in Q3 to 1.05B. However, revenue per thousand visits fell 38% to $31.91. Marketplaces transactions rose 38% to 143K, with average revenue/transaction nearly flat at $54.18.
    • Q3 results, PR
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  • Aug. 11, 2014, 1:42 PM
    • Sean Moriarty, the CEO of online art marketplace Saatchi Art and once the CEO of Ticketmaster, has been named Demand Media's (DMD -7.1%) new CEO. Moriarty replaces co-founder Shawn Colo, who has been serving as interim CEO since last October, following Richard Rosenblatt's resignation.
    • Along with the appointment, Demand announces it has acquired Saatchi Art parent Saatchi Online for $17M in cash and stock. In the near-term, Saatchi is expected to produce $500K-$1M/quarter in revenue, and lower adjusted EBITDA by $1M-$1.5M/quarter.
    • Shares have fallen to their lowest levels since Demand finished its Rightside spinoff at the beginning of the month.
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  • Aug. 5, 2014, 12:47 PM
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  • Aug. 4, 2014, 12:18 PM
    • Demand Media (NYSE:DMD) has finished spinning off its Rightside Group domain name services/Web hosting unit. Rightside now trades on the Nasdaq under the symbol NAME.
    • Demand shareholders on record as of July 25 have received 1 Rightside share for every 5 Demand shares they own. With the spinoff completed, Demand has carried out a 1-for-5 reverse split.
    • Rightside accounted for ~$45M of Demand's Q1 revenue (ex-TAC) of $87.4M. The business posted domain services revenue of $38M (+13% Y/Y), and aftermarket services revenue of $7M (-44%).
    • Demand and Rightside both report on Thursday.
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  • Dec. 11, 2013, 9:56 AM
    • Ruckus (RKUS +2.9%) has been started at Buy by Craig-Hallum. Stephens started coverage at Overweight yesterday afternoon, Goldman upgraded shares to Buy on Dec. 2, and Stifel launched coverage at Buy on Nov. 27.
    • Demand Media (DMD +9.3%) has been upgraded to Market Perform by JMP.
    • Radware (RDWR +2.5%) has been upgraded to Outperform by Wells Fargo.
    • E2open (EOPN +2.2%) has been started at Buy by Janney.
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  • Oct. 15, 2013, 5:39 PM
  • Sep. 11, 2013, 4:02 PM
    • A number of tech names were volatile today in the wake of presentations from company execs at Deutsche's annual dbAccess Technology Conference (runs from Sep. 10-12).
    • In addition to Trulia (previous), companies rallying following presentations include Aruba (ARUN +3.5%), Wipro (WIT +3.5%), QLogic (QLGC +3.1%), Informatica (INFA +1.4%), and SGI (SGI +1.1%). QLogic might also be getting a lift from a bullish Barclays coverage launch.
    • Companies declining following executive presentations include Dangdang (DANG -4.9%), Medidata (MDSO -1.9%), Ruckus (RKUS -1.8%), and Demand Media (DMD -1.8%).
    • Full conference schedule
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  • Jun. 25, 2013, 12:45 PM
    Midday top 10 gainers: CBMX +59%. MEET +38%. OXF +23%. CRWN +18%. USMD +16%. ALLT +14%. HYGS +14%. YRCW +12%. OGEN +12%. OPTT +11%.
    Midday top 10 Losers: DMD -21%. BKS -18%. MITK -17%. AVD -16%. FMAR -14%. SINO -9%. EDUC -9%. INFI -8%. GHDX -9%. OESX -8%.
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  • Feb. 19, 2013, 4:48 PM
    More on Demand Media: Company says it's exploring the breakup of its media and domain name ops into separate, publicly-traded companies. Media sales +25% Y/Y (exc. TAC) in Q4 to $62.3M, domain name sales +10% to $34.5M. Page views +24% Y/Y on owned sites, -8% for network sites. Network ad prices +37% Y/Y. Demand expects Q1 revenue of $100M-$102M and EPS of $0.07-$0.08 vs. consensus of $95.9M and $0.10. Expects 2013 revenue of $435M-$443M and EPS of $0.39-$0.43 vs. consensus of $413.8M and $0.46. DMD +15.4% AH. CC at 5PM ET (webcast). (PR)
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  • Feb. 19, 2013, 4:37 PM
    Demand Media (DMD): Q4 EPS of $0.12 beats by $0.01. Total Revenue of $84.4M (+22% Y/Y) misses by $12.3M. Shares +17% AH. (PR)
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  • Dec. 4, 2012, 10:13 AM
    InterActiveCorp (IACI -8.2%) and Demand Media (DMD -7.3%) dive after Goldman downgrades both to Sell on worries about rising search ad expenses due to competition for keywords that redirect users to search pages on their and eHow sites. Also, concerns raised about possible Google policy changes (previous) restricting such practices, and's traffic, something investors are already on edge over. Search accounts for 52% of IAC's revenue, and Demand depends heavily on Google traffic. AOL (AOL -3.7%) is also considered at risk to an extent.
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Company Description
Demand Media Inc is a diversified digital content & media and domain name services company. The Company's business is comprised of two service offerings: Content & Media and Domain Name Services.
Sector: Technology
Country: United States