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ValueClick shares jumped last week after the online advertising company forecast a 38 percent increase in 2005 revenue, which exceeds Wall Street estimates.
On Friday, shares in the Westlake Village, Calif., concern closed at $8.21, up about 12 percent from the $7.34 opening price in trading on Sept. 7.
ValueClick projected 2005 revenue of $210 million, which is 15 percent greater than Thomson First Call’s analyst consensus estimate of $183 million. Valueclick also forecast EBITDA margins of 25 percent.
In early August, the company’s shares plummeted 25 percent in one day after it reported second-quarter revenue that missed analysts’ estimates by $1.8
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