Earnings season has kicked-off again with blue chips front and center as a barometer for the future of the markets. With majors like Advanced Micro Devices (NYSE: AMD) and Applied Materials (NASDAQ: AMAT) issuing warnings of weakening revenues, investors are seeking opportunities for companies that are less sensitive to global economic growth concerns and have met their guidance for revenue. Competition is heating-up, but Internet-based companies have regularly scorched estimates, including LinkedIn (NYSE: LNKD) beating expectations for the last four quarters by more than double digits. As the industry continues to experience rapid growth, traders are taking a closer look at others in the space such as CrowdGather, a leading network owner of forum communities who this week reported meeting its fiscal 2012 guidance, and IAC Interactive Corp (NASDAQ: IACI), an online advertiser that is set to report on July 25th.
Aside from reporting record revenues during fiscal 2012, CrowdGather said this morning that it has completed another acquisition which could further bolster sales during fiscal 2013. The company announced today that it has acquired the domain name, website, mobile app and assets related to www.Personalitycafe.com.
Additional coverage on CrowdGather was also published this week as Zacks’ analyst Ken Nagy updated investors on CrowdGather’s top line results from the fourth quarter and fiscal year 2012. The update can be viewed at: http://finance.yahoo.com/news/crwg-crowdgather-aims-monetizing-own-153000099.html. Interested parties can also view the original research report at: http://scr.zacks.com/Theme/Zacks/files/July%202,%202012_CRWG_Solid%20Top-Line,%20Margin%20Growth_Nagy_v001_r93v51.pdf.
Further, CrowdGather held an earnings conference call on Monday. A replay, which will be available until 11:59 p.m. PT on July 16, 2012, can be reached by dialing 1-800-406-7325, passcode 4549355#.
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