Quote & Headlines
Market Currents
StockTalk
Today
5d
1m
3m
1y
5y
10y
52wk high:
52wk low:
EPS:
PE:
Div Rate:
Yield:
Market Cap:
Volume:
1,955 people get VELT articles and Market Currents by email alert.
Get email alerts on VELT »
HEADLINES:
ALL
|
PRO
|
FOCUS
|
RELATED
|
TRANSCRIPTS
|
NEWS & PR
-
Business Wire (May 13, 2013)
-
-
Business Wire (Apr 29, 2013)
-
Business Wire (Apr 25, 2013)
-
Business Wire (Apr 19, 2013)
-
-
Velti and BlueKai Partner to Build Largest Pool of Mobile Data-Driven Audiences Available for BrandsBusiness Wire (Apr 12, 2013)
-
-
-
Business Wire (Mar 27, 2013)
-
-
GlobeNewswire (Mar 12, 2013)
-
Business Wire (Mar 11, 2013)
-
GlobeNewswire (Mar 4, 2013)
-
GlobeNewswire (Feb 28, 2013)
-
-
-
To learn more about Seeking Alpha Pro, click here.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Institutions Are Selling These 7 Stocks With Unusual Volume After EarningsKapitall • Fri, Nov 16, 2012
-
-
-
-
Velti's CEO Discusses Q3 2012 Results - Earnings Call TranscriptWed, Nov 14, 2012 • 2 Comments
-
Business Wire (May 13, 2013)
-
Business Wire (Apr 29, 2013)
-
Business Wire (Apr 25, 2013)
-
Business Wire (Apr 19, 2013)
-
Velti and BlueKai Partner to Build Largest Pool of Mobile Data-Driven Audiences Available for BrandsBusiness Wire (Apr 12, 2013)
-
Business Wire (Mar 27, 2013)
-
at MarketWatch.com (Mar 12, 2013)
-
GlobeNewswire (Mar 12, 2013)
-
Business Wire (Mar 11, 2013)
-
GlobeNewswire (Mar 4, 2013)
-
GlobeNewswire (Feb 28, 2013)
-
Business Wire (Jan 28, 2013)
-
Business Wire (Dec 20, 2012)
-
Business Wire (Dec 17, 2012)
-
Business Wire (Dec 10, 2012)
-
GlobeNewswire (Nov 20, 2012)
-
Business Wire (Nov 20, 2012)
-
GlobeNewswire (Nov 14, 2012)
-
GlobeNewswire (Nov 5, 2012)
VELT vs. ETF Alternatives
Company Description
Currently, there's no company description for VELT.
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
-
Tuesday, May 14, 12:45 PM
Midday top 10 gainers: PDII +31%. UNTK +22%. ALIM +19%. SODA +15%. CHLN +15%. TEAR +14%. ESI +14%. ECTY +14%. BVSN +12%. RVLT 12%.
Midday top 10 losers: TELOZ -28%. OPXA -19%. SED -16%. STXS -14%. FMAR -13%. VELT -12%. TSRE -12%. TRMD -11%. CCCL -10%. PT -10%. Comment! [On the Move] - Tuesday, May 14, 10:58 AM Millennial Media (MM +8.5%) is now up 12% over the last two days. Yesterday, Millennial announced the launch of a Japanese unit - the Japanese mobile content market hasn't been easy for foreign firms to crack. Millennial's gains come as mobile ad peer Velti (VELT -9.5%) dives after announcing another revenue miss and bleak guidance (as well as a COO change). On its earnings call, Velti stated days sales outstanding was still a whopping 309 days at the end of Q1, but promised full-year DSO would be under 100 days. The cash-strapped company expects free cash flow to be around -$8M to -$12M in Q2, before "a significant amount of cash flow" is produced in Q3. 1 Comment [Tech, On the Move, Earnings]
-
Tuesday, May 14, 9:10 AM
Premarket gainers: PDII +33%. ECTY +20%. NSPH +18%. SNE +9%. WPX +8%. TTWO +6%. TSLA +6%. RENN +5%.
Losers: TRMD -15%. MOSY -13%. PT -11%. VELT -10%. SCTY -10%. TSL -6%. NBG -6%. 2 Comments [On the Move] - Monday, May 13, 5:23 PM In tandem with its Q1 report, Velti (VELT) announces director and former Johnson & Johnson/Intuit exec Mari Baker is its new COO. Presumably this means former COO Chris Kaskavelis is out. Velti expects Q2 revenue of $42M-$45M, below a $55.2M consensus. No formal 2013 revenue guidance is given, though the company does state revenue "is expected to come in lower than original mid-point guidance of $267.5 million." Velti had $16.3M in cash at the end of Q1, down from $36.6M at the end of Q4; positive 2013 adjusted EBITDA is promised. Over 20% of the workforce has been cut (previous). VELT now -5% AH. (PR) 1 Comment [Tech, Earnings, On the Move]
- Monday, May 13, 4:53 PM Velti (VELT): Q1 EPS of -$0.27 beats by $0.07. Revenue of $41M misses by $1.14M. Shares +4% AH. (PR) Comment! [Earnings, Breaking News, Tech, On the Move]
- Monday, May 13, 12:10 AM Notable earnings after Monday’s close: HMIN, IOC, SCTY, TRQ, TTWO, VELT, WX Comment! [Earnings]
- Sunday, May 12, 5:35 PM Notable earnings after Monday’s close: HMIN, IOC, SCTY, TRQ, TTWO, VELT, WX Comment! [Earnings]
- Friday, May 10, 10:14 AM Velti (VELT -2.9%) has cut 200 jobs (over 1/6 of its workforce) ahead of its May 13 Q1 report, says Mobile Marketer. The site adds (but can't confirm) Velti may move out of its San Francisco offices in an effort to cut costs. The report isn't too surprising, given how Velti is contending with diving sales (Q1 revenue is expected to be down 19% Y/Y) in the wake of a decision to stop doing business in markets with extremely long collection times. Jefferies argued in March Velti now faces "going concern" risks. Can its new mobile ad network help right the ship? Comment! [Tech]
- Tuesday, May 7, 12:48 PM Velti (VELT -2.9%) files an F-3 to sell 16.5M shares on behalf of insiders. The filing comes with shares of the mobile ad agency down 56% YTD, and down 81% over the last 12 months. (Q1/2013 guidance) Update: As commenter James Sands points out, the shares will be sold by accredited investors who recently purchased them from Velti at $1.50/share (25% below Velti's current price) through a private placement. 5 Comments [Tech, On the Move]
- Friday, April 19, 9:35 AM Velti (VELT -8.2%) falls in early trading after announcing a 16.5M share offering to institutional investors at $1.50. Proceeds ($24.8M) will go towards paying "certain deferred acquisition considerations" related to the company's 2012 acquisition of MIG. 5 Comments [On the Move, Tech]
- Wednesday, April 3, 7:07 PM eMarketer hikes its 2013 and 2014 U.S. mobile ad sales forecasts to $7.29B and $11.3B, above the $6.97B and $10.9B forecast in December. Facebook's (FB) U.S. mobile ad sales are now seen totaling $965M in 2013 and $1.51B in 2014, up from a prior $851M and $1.22B, and Pandora's (P) estimates have been raised to $372M and $550M from a prior $347M and $496M. But Millennial Media (MM), which issued light guidance in February, is now seen posting U.S. sales of $94M in 2013 and $139M in 2014, below a prior $138M and $199M. Google's estimates remain at $3.98B and $6.32B. 4 Comments [Tech]
- Monday, April 1, 6:20 PM As far as tablets go, concerns about mobile ad monetization could be misplaced. Credit Suisse recently reported its checks indicate search ad "user behavior and conversion rates on tablets are very similar" to PCs, even as tablet ad prices remain 20%-40% lower. The firm expects Google's (GOOG) AdWords overhaul to help narrow the pricing gap. Meanwhile, Marin Software (MRIN) predicts tablet conversion rates will eclipse PC rates by year's end, and mobile ad firm Adfonic reports tablet click-through are well above smartphone rates in many (but not all) categories. 1 Comment [Tech]
-
Wednesday, March 27, 9:25 AM
Premarket gainers: CHCI +51%. UTSI +23%. STSI +14%. VELT +12%. CHTP +11%.
Losers: ASTM -37%. CLF -14%. GV -7%. LNDC -6%. Comment! [On the Move] - Wednesday, March 27, 9:14 AM Velti (VELT) +12.9% after launching a mobile ad network that will compete with Millennial Media (MM), Google's AdMob, and Apple's iAd. Velti boasts it's the only firm to offer both a mobile ad network and marketing/ad agency solutions, and (through a new analytics platform) to enable targeted ad campaigns that span mobile devices and PCs (Facebook has been toying with doing something similar). "We can bring a lot of marketing data [that other networks do not have], which is very valuable," Velti's CMO tells BI. 37.9% of the float was shorted as of Feb. 28. (Q1/2013 guidance) Comment! [Tech, On the Move]
- Thursday, March 14, 2:42 PM Velti (VELT -15.4%) can't catch a break; shares are now down 34% since the mobile ad agency badly missed Q4 estimates and issued light guidance. Jefferies' Peter Misek, who cut shares to Hold in response, notes Velti has violated its debt covenants and thinks "going concern" issues now exist. Janney's Richard Fetyko considers it hard to determine how much of Velti's revenue comes from paying customers in light of its collection issues, and observes the company had $56M in cash and $47M in debt as of early Q1. 2 Comments [Tech, On the Move]
-
Wednesday, March 13, 9:10 AM
Premarket gainers: BGMD +15%. SUMR +10%. PPHM +5%.
Losers: SPPI -36%. VELT -32%. ASMI -13%. EXPR -13%. TEU -10%. DOLE -7%. WFR -6%. Comment! [On the Move]
-
James Sands
Mobile ad spend in key western Europe geographies: http://bit.ly/10ntTvH $VELT, $MM, $AUGT.OB, $GOOG, $FB, $P, $AAPL, Twitter - View all 0 replies
-
- View all 0 replies
-
James Sands
Online Video Ad Effectiveness: http://bit.ly/14RbMxV $GOOG, $YOKU, $BIDU, $VELT, $MM, $AUGT.OB - View all 0 replies
-
James Sands
The UK is a leading geography for mobile advertising and marketing: http://bit.ly/163z48e $VELT, $MM - View all 0 replies
-
- View all 1 replies
-
onerulvi: what a ride. got some @ 1.70 on Tuesday and was very happy to see 1.90 this morning. Anyway I guess I should get out next time I see 1.90
-
James Sands
UK and mobile ad spending: http://bit.ly/13z68S1 $VELT, $MM, $GOOG, $FB, $P, $AUGT.OB, Twitter - View all 0 replies
-
- View all 0 replies
-
PeterScriabin
James: did you feel $VELT met criteria for "improvement" you laid out? On DSOs, revs, geographies, I did NOT. Not disaster but poor-mediocre - View all 1 replies
-
James Sands: I agree Peter. I think most risks remain. Cash flow is priority number one right now.
-
- View all 0 replies
LATEST REPLIES
-
- View all 1 replies
-
onerulvi: what a ride. got some @ 1.70 on Tuesday and was very happy to see 1.90 this morning. Anyway I guess I should get out next time I see 1.90
-
PeterScriabin
James: did you feel $VELT met criteria for "improvement" you laid out? On DSOs, revs, geographies, I did NOT. Not disaster but poor-mediocre - View all 1 replies
-
James Sands: I agree Peter. I think most risks remain. Cash flow is priority number one right now.
-
- View all 2 replies
-
joe kelly: Tough to figure a bottom. If it hit 1.60 I'd buy a $hitload if that means anything. Has lots of cash and it looks to be investing. -
Spitgray: I missed out on the last time it hit 1.60... Won't miss it again tho...
-
- View all 1 replies
-
-
- View all 3 replies
-
James Sands: Special attention to risk disclosures related to additional capital needs, doubt about ability to continue as a going concern,
-
James Sands: Material weakness in internal control over financial reporting, future compliance with financial convenants (HSBC), and DSO
-
- View all 1 replies
-
-
- View all 2 replies
-
-
-
- View all 1 replies
-
-
- View all 1 replies
-
-
- View all 1 replies
-
-
- View all 8 replies
-
-
Gtg007: Hi Oneruluvi - Can u plzz advice me what is best way for entry in stock. I am new in this stock thing.
-
- View all 5 replies
-
-
-
- View all 2 replies
-
-
-
- View all 8 replies
-
-
