Benchmark Capital

Orbitz (NYSE: OWW) reported solid 3Q10 results which were overshadowed by soft 4Q10 guidance and an announcement that American Airlines was terminating its agreement with Orbitz. Total revenue of $194 million, up 4% y/y, fell $2 million short of consensus, but ongoing cost controls helped drive...

Shares of Blue Nile (NASDAQ: NILE) surged almost 10% in early trading after reporting Q3 earnings. Blue Nile reported 3Q10 results which fell short of expectations, with net revenue of $67 million, up 1% y/y, below consensus of $72 million. Adjusted EBITDA of $6.6 million, up 4% y/y, matched our...

Benchmark Capital has a Hold rating and a $26 price target on AOL (NYSE: AOL), as it reported earnings this morning. In the research note, Benchmark writes, "AOL reported 3Q10 revenues and EBITDA down 26% and 32%. This was modestly better than expectations. Domestic display dropped 8% y/y, showing...

Benchmark Capital is raising its price target on ValueClick, Inc. (NASDAQ: VLCK) to $16 from $15, and is reiterating its Buy after it reported earnings and guidance. In a research note, Benchmark writes, "ValueClick is focused on new initiatives: real-time bidding for exchange ad inventory;...

Benchmark Capital raised its price target on OpenTable (NASDAQ: OPEN) to $70 from $50, but is keeping its Hold rating on shares. In the research note, Benchmark writes, "Our 2011E EBITDA rises materially from $50 million to $67 million, due mainly to the addition of Spotlight. Using a similar...

Benchmark Capital has a Hold rating and a $34 price target on shares of Time Warner Inc. (NYSE: TWX), as it reported earnings this morning. In the research note, Benchmark Capital writes, "Time Warner (TWX Hold PT $34) reported 3Q10 results which showed a nice beat of adjusted EPS at $0.62 versus...

Benchmark Capital is reiterating its Buy rating and $11 price target on Terremark Worldwide, Inc. (NASDAQ: TMRK), after the company reported earnings. In a note to clients, Benchmark writes, "Our FY11 and FY12 EBITDA estimates remain $101 million and $134 million (fiscal year ends March). Terremark...

Benchmark Capital has a $9 price target and a Buy rating on Orbitz (NYSE: OWW), as it's set to report earnings later in the week. In a research note sent to clients, Benchmark writes, "Orbitz (OWW-Buy, PT $9) could benefit from strong domestic summer travel as evidenced by Expedia's (EXPE-Buy, PT $...

Benchmark Capital is maintaining its Buy rating on SBA Communications Corporation (NASDAQ: SBAC) after the company reported better than expected earnings. It has a $45 price target on shares. In a note to clients, Benchmark writes, "Last night, SBA Communications (SBA) reported solid 3Q10 results...

Benchmark Capital raised its price target on IAC/InterActiveCorp (NASDAQ: IACI‎) to $31 after solid earnings. It has a Hold rating on shares. In a note to clients, Benchmark writes, "IAC reported a fourth consecutive quarter beating street consensus. Total revenues grew 25% y/y while EBITDA was...

Benchmark Capital cut its price target on Vitacost.com, Inc. (NASDAQ: VITC) to $6 from $8, after the company announced a 10% off sale that may cut into margins. It still rates it at a Hold. In a note to clients, Benchmark writes, "We fear that coupon, discount and free shipping offers could crimp...

Benchmark Capital has some thoughts on Equinix, Inc. (NASDAQ: EQIX), which is set to report earnings next week. It has a Buy rating on shares and a $83 price target. In a note to clients, Benchmark writes, "We expect Equinix will provide more detail regarding the recently announced Switch &...

Benchmark Capital raised the price target on shares of Google Inc. (NASDAQ: GOOG) to $650, up from $600. It rates shares at a Buy, following the company's strong earnings report. In a note sent to clients, Benchmark writes, "Google reported 3Q10 results better than anticipated as the search...

Benchmark Capital slashed the price target on Equinix, Inc. (NASDAQ: EQIX) to $83, after the company missed earnings expectations yesterday. In the research note, Benchmark Capital writes, "Tuesday after the close, Equinix lowered 3Q10 and FY10 guidance. Management's explanation of the miss was...

Benchmark Capital is out with a research report discussing the cell phone tower companies, American Tower Corporation (NYSE: AMT), Crown Castle International Corp. (NYSE: CCI), and SBA Communications Corporation (NASDAQ: SBAC). It has Buy ratings on all three companies, and its price targets are $...