Rentrak Reports Fiscal 2016 First Quarter Financial Results
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Rentrak's (RENT) Underweight Rating Maintained at Albert Fried
August 11, 2015 1:09 PM EDTAlbert Fried & Company maintained an Underweight rating on Rentrak (NASDAQ: RENT) with a price target of $48. Comments follow Q1 results and guidance. Analyst Rich Tullo noted that FY16 was off to a "rough start," and warned competing technologies could supplant Rentrak.
"One of the core reasons why we downgraded RENT shares is the possibility that data would become a strategic weakness in the Rentrak model as Programmers and MVPDs seek to control STB user data following affiliate fee negotiations.... More
Rentrak (RENT) Tops Q1 EPS by 9c, Offers Outlook
August 10, 2015 4:06 PM EDTRentrak (NASDAQ: RENT) reported Q1 EPS of $0.10, $0.09 better than the analyst estimate of $0.01. Revenue for the quarter came in at $27.5 million versus the consensus estimate of $30.06 million.
Business Outlook
Rentrak reiterated its fiscal 2016 guidance and selected longer-term metrics, including:
Total company revenue... More