Rocket Fuel Inc (FUEL) Releases Earnings Results, Beats Expectations By $0.28 EPS

Rocket Fuel Inc (FUEL) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $-0.28 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.28. Analysts had a consensus of $-0.56. The company posted revenue of $104.70 million in the period, compared to analysts expectations of $93.84 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.60 EPS.

Many Wall Street Analysts have commented on Rocket Fuel Inc. Rocket Fuel Inc was Resumed by Citigroup to “Sell” on Apr 12, 2016.

Rocket Fuel Inc (FUEL) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.66 and reached the intraday high at $2.7. The bulls started the profit booking and pushed the shares to intraday low of $2.6099. The trading session was marked by a volume range of 1,74,051 shares exchanging hands. The 52-week high of the shares is $9.64 and the 52-week low is $2.6099. The market cap of the company stands at $115 M and there are 4,36,27,818 shares in public circulation.

In a different news, on Apr 24, 2015, Richard A. Frankel (Co-Founder and President) sold 12,000 shares at $8.96 per share price. According to the SEC, on Mar 23, 2015, Joann Covington (VP, General Counsel, CPO) sold 3,000 shares at $10.01 per share price.

Rocket Fuel Inc. is a technology company that has developed an artificial intelligence (AI) and big data-driven predictive modeling and automated decision-making platform. The Company’s technology is designed to address the needs of markets in which the volume and speed of information render real-time human analysis infeasible. It is focused on the digital advertising market that faces these challenges. The Company’s media-buying platform which it refer to as its Demand-Side Platform (DSP) is available to advertising agencies and advertisers as a managed service offering whereby it manages advertising campaigns on behalf of an advertiser and through a self-service offering whereby an agency or advertiser licenses its technology to manage its own advertising campaigns. Its AI system purchases ad spots or impressions one at a time on these exchanges to create portfolios of impressions designed to optimize the goals of its advertisers.

Rocket Fuel Inc

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