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KIT digital, Inc. (KITD)

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KITD is defunct.
  • May. 15, 2012, 4:50 PM
    KIT digital (KITD): Q1 EPS of -$0.53 misses by $0.20. Revenue of $59M (+71% Y/Y) misses by $10M. Shares +1.9% AH. (PR)
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  • May. 3, 2012, 9:09 AM
    The swoon in shares of KIT Digital (KITD) accelerates, now -20.3% premarket, after the company issues downside Q1 guidance, citing longer than anticipated sales cycles for some larger opportunities, increased personnel costs associated with deployments in future quarters, and payments of assumed liabilities arising from its Sezmi acquisition. (earlier)
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  • May. 3, 2012, 8:42 AM
    Kit Digital (KITD) -10.1% premarket following a WSJ report suggesting new CEO Barak Bar-Cohen may have to lower prior financial projections. Under previous leadership, KITD enjoyed positive analyst coverage from firms that also sponsored stock sales, but the company didn't properly integrate the acquisitions or put the necessary corporate structure in place to handle its own growth.
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  • Apr. 23, 2012, 10:48 AM
    KIT Digital (KITD -4.7%), up last week after Kaleil Isaza Tuzman resigned as chairman, is underperforming after announcing it's acquiring Hyro Limited, an Australia-based IT services firm, for $14.5M in stock. KIT says Hyro, which it expects will bolster its ability to support Asia-Pac customers, generated 2011 revenue of $20M, and will be immediately accretive to the company's results.
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  • Apr. 17, 2012, 12:15 PM
    Shares of KIT Digital (KITD +6.5%) shoot up after Kaleil Isaza Tuzman resigns as a non-executive chairman. SA author Sankrant Sanu says the move by the charismatic Tuzman marks the end of the beginning for the firm and that now it's now time for KIT Digital to see the rewards of all the entrepreneurial talent it has acquired.
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  • Apr. 16, 2012, 5:19 PM
    KIT Digital (KITD) -3.4% AH after announcing chairman Kaleil Isaza Tuzman has resigned. Tuzman, subject of the documentary Startup.com and referred to as a "colorful character" in a November WSJ column, resigned as CEO in March.
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  • Apr. 2, 2012, 10:33 AM
    ThinkEquity says that the positive aspects of Kit Digital's (KITD +3.8%) delayed 10-K filing outweigh its negative aspects, noting the company's Q4 financials remained essentially intact. The firm reiterates a $22 target and Buy rating on the stock.
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  • Mar. 30, 2012, 9:22 AM
    KIT Digital (KITD) +8.3% premarket, adding to the gains seen yesterday on account of M&A speculation. KIT's recent management/board shakeup, along with the weak performance of its shares over the last 15 months, has many thinking the IPTV software firm may finally be open to a deal.
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  • Mar. 30, 2012, 9:00 AM
    Premarket gainers: IMGN +13%. KITD +9%. THLD + 4 ARNA +4%. VVUS +3%. GLUU +3%. LNKD +3%. RIO +3%.
    Losers: FINL -8%. INVN -5%. SHPGY -4%.
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  • Mar. 29, 2012, 1:47 PM
    More on KIT Digital (KITD +12.6%) (previous): Roth Capital analyst Richard Ingrassia feels a sale might be "underway" after conducting independent checks and talking to execs. Potential acquirers run the gambit from IBM, Cisco, Accenture, and Alcatel-Lucent - as well as a number of private equity firms.
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  • Mar. 29, 2012, 12:21 PM
    KIT Digital (KITD +8.4%) shoots higher after Roth Capital discusses a potential sale of the company.
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  • Mar. 26, 2012, 9:05 AM
    Premarket gainers: ARNA +9%. LGF +4%. AEZS +4%. GALE +4%. VVUS +3%. KITD +3%. RF +3%. NG +3%. WFT +3%.
    Losers: IBN -3%.
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  • Mar. 23, 2012, 10:51 AM
    KIT Digital (KITD -25.1%) shares fall the most in three years after the maker of online video software accepts the resignations of four board members. KITD's CEO will transition to board chairman and its chief administrative officer will become acting CEO while a search is conducted for a full-time, permanent CEO.
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  • Mar. 16, 2012, 11:47 AM
    KIT Digital (KITD +4.1%) recoups some of yesterday's post-earnings losses, the result of weak guidance and a delayed 10-K filing, after Canaccord and ThinkEquity come to its defense. Canaccord declares the video management software developer to be well-positioned to benefit from global online video growth, and sees healthy results as a near-term catalyst for shares.
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  • Mar. 15, 2012, 11:49 AM
    KIT Digital (KITD -7%) plummets despite Q4 results that show earnings and revenues ahead of analyst estimates. The provider of video management software warns it does not expect to generate positive free cash flow in Q1 due to additional investments in the business, and says temporary cash outlays will be required to support large client implementations.
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  • Jan. 6, 2012, 8:34 AM
    KIT digital (KITD) +9.3% premarket after reaffirming Q4 guidance and raising its 2012 outlook to reflect its accretive recent acquisition of Sezmi Corp. The provider of video management software says it has not experienced a slowdown related to eurozone turbulence and reiterates a "positive bias" towards current and revised 2012 guidance.
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