Quote & Headlines
Market Currents
StockTalk
Today
5d
1m
3m
1y
5y
10y
52wk high:
52wk low:
EPS:
PE:
Div Rate:
Yield:
Market Cap:
Volume:
1,951 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, 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]
- 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]
- Tuesday, March 12, 5:00 PM Following a halt, Velti (VELT) -25.1% AH in response to its Q4 miss. Q1 guidance is for revenue of $40M-$44M, well below a $62.7M consensus. 2013 guidance is for revenue of $255M-$280M, below a $339.5M consensus. 2013 free cash flow is pegged at $5M-$15M. Velti's decision to divest assets in areas with huge collection times is once more a culprit. The company is targeting 25%-35% annual growth from 2014-2016, but the Street is likely to be skeptical. Sales/marketing expenses +54% Y/Y in Q4, and R&D +69%, both well above rev. growth of 12%. (PR) 1 Comment [Tech, Earnings, On the Move]
- Tuesday, March 12, 4:35 PM Velti (VELT): Q4 EPS of $0.39 misses by $0.19. Revenue of $97.5M (+12% Y/Y) misses by $8.5M. (PR) Comment! [Earnings, Breaking News, Tech]
- Tuesday, March 12, 12:10 AM Notable earnings after Tuesday’s close: DOLE, GERN, HRZN, IRET, KTOS, PPHM, VELT Comment! [Earnings]
- Monday, March 11, 5:35 PM Notable earnings after Tuesday’s close: DOLE, GERN, HRZN, IRET, KTOS, PPHM, VELT 2 Comments [Earnings]
- Wednesday, February 20, 10:33 AM Millennial Media (MM -34.7%) is falling apart in response to its Q4 revenue miss and light guidance. On the earnings call, Millennial blamed the Q4 shortfall on a decision not to participate in certain low-end, performance-based, ad campaigns (often tied to app downloads), and the failure of some brand ad deals to materialize. No explanation is given for the guidance beyond seasonality. The comments are bound to raise concerns about competition. Ad prices rose 10.3% Q/Q, and Millennial has confirmed its purchase of ad targeting platform Metaresolver. P -3.8%. VELT -2.4%. Comment! [Tech, On the Move, Earnings]
- Thursday, November 15, 2012, 10:47 AM Velti (VELT -31.5%) has crumbled after missing Q3 EPS forecasts and stating it's abandoning markets where collection times have risen to stratospheric levels. During its earnings call, Velti noted Americas sales rose 81% Y/Y and U.K. sales (boosted by MIG) 221%, but the rest of Europe (includes some markets Velti is leaving) rose only 22%. Jefferies (Buy) likes the fact "management ripped off the band-aid via a divestiture," but thinks shares will be pressured near-term. Millennial Media (MM +5%) opened lower, but is now recouping some of yesterday's big losses. Comment! [Tech, On the Move, Earnings]
- Wednesday, November 14, 2012, 4:59 PM Velti (VELT) now -21.7% AH in response to its Q3 report. In addition to missing EPS estimates, the mobile ad agency said it will divest assets in regions with very high collection times (the PIIGS, North Africa, the Middle East) for $23.5M or more. Velti's collection times have long worried many investors. Thanks to the deal, Velti is hoping to see its DSO fall below 180 days (still high) by the end of 2013, compared with Q3's 242 days. It expects Q4 revenue from continuing ops of $97M-$113M, compared with a consensus for total revenue of $121.2M. CC underway (webcast). (slides) (PR) Comment! [Tech, Earnings, On the Move]
- Wednesday, November 14, 2012, 4:04 PM Velti (VELT): Q3 EPS of -$0.03 misses by $0.06. Revenue of $62.4M (+62% Y/Y) in-line. Shares -0.5% AH. (PR) 1 Comment [Earnings, Tech]
- Wednesday, November 14, 2012, 12:10 AM Notable earnings after Wednesday’s close: DRYS, IOC, LTD, NTAP, NTES, PETM, SB, SZYM, VELT, WSM Comment! [Earnings]
- Tuesday, November 13, 2012, 5:35 PM Notable earnings after Wednesday’s close: DRYS, IOC, LTD, NTAP, NTES, PETM, SB, SZYM, VELT, WSM Comment! [Earnings]
- Monday, November 5, 2012, 5:08 PM More on Millennial Media: Q4 guidance is for revenue of $61.5M-$63M, in-line with a $62M consensus. Adjusted EBITDA expected to total $3M-$3.5M, above Q3's $2.1M. Q3 gross margin was 40.9%, up 120 bps Q/Q and 160 bps Y/Y. Opex rose 109% Y/Y, thanks to major ramps in sales, R&D, and G&A spending. 380M monthly unique users reached, up from Q2's 350M. 38K+ apps supported by ad network, up from Q2's 35K+. MM +6.8% AH. CC underway (webcast). (PR) Comment! [Tech, Earnings]
-
- 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
-
- 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 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
-
-
