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Thursday, December 5, 2019
What Investors Are Looking For
QuoteMedia, based in Fountain Hills, Arizona, provides cloud-based financial data, market news feeds, and financial software solutions. Its customers include financial service companies, online brokerages, clearing firms, banks, media portals, public corporations, and individual investors. The company provides a single source solution providing products such as streaming quotes, charting, historical data, technical analysis, news, and research. Information can customized and provided to multiple platforms including terminals and mobile devices.
Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for the price target, fundamental analysis, and rating.
Large market opportunity. We believe that investors would like to see faster revenue growth from the company given the large market opportunity for financial information and services.
Tweaking Q4 estimates. We are lowering our Q4 2019 revenue estimate, which anticipates a smaller sequential quarterly improvement in revenues than originally thought (6.1% versus 7.3%). We are lowering our cash flow estimate from $556,000 to $463,000 due to lower revenues. Our full year 2019 revenue estimate is...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.