What’s Moving These Hot Stocks: Constant Contact, Ford, Zynga
Constant Contact, Inc. (NASDAQ:CTCT): Intuit (NASDAQ:INTU) buys Demandforce, which develops marketing software for SMBs, at a price tag of $423.5 million, which it will pay in cash. The company is diversifying its products beyond software for taxes, and has made drives into mobile shopping and payments. However, Intuit will have lots of company in the cloud marketing space: CTCT, Oracle (NASDAQ:ORCL), and others are already there.
Ford Motor Co. (NYSE:F) says that although its total company pre-tax operating profit is projected to be approximately the same as in 2011, it expects that this category of profit will rise somewhat in the second half of 2012, due to the timing of several product intros and moves concerning capacity. The company also reported that pre-tax profits and operating margins at its North American sites should compare significantly higher to those posted last year, and that its South American unit will pump out ‘solid’ margins in 2012, though a bit lower than in 2011. Again, the second half of 2012 is expected to see better results, as new global product introductions in that area pick up, even though the details and impacts of new trade arrangements lend some unknowns to the picture. Ford Announces Unprecedented Move During Earnings>>
Zynga, Inc. (NASDAQ:ZNGA) is upgraded by both JPMorgan and Bank of America, after its first quarter statement that showed mixed user figures and skyrocketing research and development expenses. However, both analyst firms like Zynga’s increasing mobile footprint, which was reinforced by its OMGPOP purchase, and by its games such as Scramble with Friends and Zynga Poker. Also, growth in PC bookings was better than the figures implied, says a BofA analyst.
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