TubeMogul Inc. (NASDAQ:TUBE)
TubeMogul Inc (TUBE) the preeminent software company for digital branding reports results for second quarter 2015 and raises guidance for 2015. TubeMogul reports impressive second quarter results beating all expectations by a wide margin.
TubeMogul Earnings and Outlook
Total Spend was $105.0 million, an increase of 72% compared to $61.1 million in the second quarter of 2014. Revenue was $45.4 million, an increase of 58% compared to $28.7 million in the second quarter of 2014. Gross profit was $30.1 million, an increase of 54% compared to $19.6 million in the second quarter of 2014. Operating loss was $(1.5) million, compared to operating income of $1.7 million in the second quarter of 2014. Net loss was $(1.3) million, compared to net income of $2.1 million in the second quarter of 2014. Adjusted EBITDA2 was $1.8 million, compared to Adjusted EBITDA of $2.4 million in the second quarter of 2014. Globe Newswire
TubeMogul CEO’s Comments
“Our strong Q2 results were driven by our unwavering focus on brand advertisers and the tools they need to transform their media planning, buying and measurement,” said Brett Wilson, CEO of TubeMogul. “Revenue from our expansion into Programmatic TV contributed to our outperformance in Q2 and we are excited to begin offering brand advertisers cross-screen planning and buying, with TV as the centerpiece of this effort.” Globe Newswire
TUBE Technical Analysis
TUBE gapped up in price today to $13.87 up from yesterday’s close of 11.39 which is a 22% increase in price based on favorable earnings news. Taking a look at the daily chart we can see the stock traded at $16 back on July 21 and has been tanking ever since. The last time it traded near the gap up in price today was on Aug 4 when it was at $14.10. The stock does have a low float of 15.66 million shares so it does have the ability to run making it a candidate for the gap and go strategy. The stock has a 52 week high of $23.83 so it still has some room to run up. For trading purposes my entry price would be $14.00 looking for a run thru the $14.10 high of Aug 14. My stop loss would be $13.75 a little below the gap up in price today giving myself a little cushion from the expected stop at $13.87. Anything below $13.75 and I fear that the stock will start to fill in the gap up.
Company Profile
TubeMogul, Inc. operates as an enterprise software company for digital branding. It offers a cloud-based platform that enables advertisers to plan, buy, measure, and optimize video advertising spend from a single platform. The company provides its platform through two offerings, Platform Direct that allows advertisers to run campaigns through a self-serve model; and Platform Services, which allows advertisers to specify campaign objectives. TubeMogul, Inc. was founded in 2007 and is headquartered in Emeryville, California. Yahoo Finance
