Demand Media(DMD)- NYSE
  • Fri, Feb. 12, 7:13 PM
    • Demand Media (DMD +7.7%) has shuffled its board classes in order to comply with the law, and in connection with naming Mitchell Stern as a director.
    • Stern -- previously CEO of Freedom Communications, and before that CEO of DirecTV -- will serve as a Class II director and as chairman of the audit committee, replacing Brian Regan, who's moving to be chairman of the nominating committee.
    • Correspondingly, Victor Parker resigned his Class I seat and was re-elected as a Class II director who'll face re-election at the 2018 annual meeting. That move was to more evenly distribute directors among the company's three classes, as required by Delaware law.
    • Shares moved up sharply today but are still just 20% over the company's 52-week low, hit last Sept. 29.
    | Fri, Feb. 12, 7:13 PM
  • Thu, Jan. 7, 6:23 PM
    • Demand Media (DMD -1.5%) has entered into a new three-year employment deal with CEO Sean Moriarty, expiring Jan. 5, 2019.
    • Consistent with the deal it replaces, the new agreement allows for a $400K annual salary, a performance bonus targeted at 80% of base salary, and a possible additional discretionary cash bonus.
    • Moriarty will also get restricted stock units covering 500K shares.
    • The term of the deal is subject to automatic one-year renewals as well, if neither party terminates it.
    | Thu, Jan. 7, 6:23 PM
  • Mar. 18, 2015, 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, 500.com, chip equipment makers, Qihoo, MicroVision, Solar3D, Immersion, Netlist, Qunar, eBay, Avid
    | Mar. 18, 2015, 3:05 PM | 2 Comments
  • Mar. 6, 2015, 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."
    | Mar. 6, 2015, 5:20 PM
  • Mar. 6, 2015, 12:45 PM
    | Mar. 6, 2015, 12:45 PM | 2 Comments
  • Feb. 2, 2015, 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
    | Feb. 2, 2015, 2:50 PM
  • Nov. 11, 2014, 12:45 PM
    | Nov. 11, 2014, 12:45 PM
  • 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
    | Nov. 11, 2014, 11:47 AM
  • 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.
    | Aug. 11, 2014, 1:42 PM
  • Aug. 5, 2014, 12:47 PM
    | Aug. 5, 2014, 12:47 PM
  • 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.
    | Aug. 4, 2014, 12:18 PM
  • 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.
    | Dec. 11, 2013, 9:56 AM | 1 Comment
  • Oct. 15, 2013, 5:39 PM
    | Oct. 15, 2013, 5:39 PM | 2 Comments
  • 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
    | Sep. 11, 2013, 4:02 PM
  • 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%.
    | Jun. 25, 2013, 12:45 PM
  • 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)

    | Feb. 19, 2013, 4:48 PM
Company Description
Demand Media, Inc. operates as a content and social media company. It builds platforms across its media and marketplaces properties. The company operates as two services Content & Media and Marketplaces. The Content & Media provides online properties publish media content, including text... More
Sector: Technology
Country: United States