ValueClick Stock Surges Following ’05 Forecast

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 million. ValueClick, however, increased its guidance for third-quarter revenue to range from $37-39 million and full-year sales to be in the $150-154 million range.

“Although we slightly missed analysts’ estimates in Q2—but not our own estimates—because of some episodic aberrations, we maintained our full-year guidance,” explained John Ardis, ValueClick vp of corporate strategy.