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TechTarget, Inc. (TTGT) provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally.
It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.
The company offers online services, including IT Deal Alert, core online, demand solutions, brand solutions, and custom content creation.
It also operates an integrated content platform that consists of a network of approximately 140 Websites that focus on a specific IT sector, such as storage, security, networking, or business applications.
In addition, the company enables registered members to conduct their pre-purchase research by accessing vendor supplied content through a network of Websites.
The company is scheduled to report its quarterly results on August 7th. On May 8th, the company reported 1st Quarter March 2019 earnings of $0.12 per share on revenue of $30.0 million. The consensus earnings estimate was $0.07 per share on revenue of $29.5 million. Revenue grew 9.8% on a year-over-year basis.
The company said it expects second quarter revenue of $33.2 million to $34.2 million and continues to expect 2019 revenue of $133.0 million to $134.0 million. The current consensus revenue estimate is $33.6 million for the quarter ending June 30, 2019 and revenue of $133.5 million for the year ending December 31, 2019.
Shares have formd a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $22.75
Stop Loss: $21.50
Trading Range: $
Target Price: $25.10
TTGT closed at $24.98
