Shonstrom Research Associates Raises Revenue Estimates and Price Target on ID Watchdog, Cites Call Center Activity and Acxiom De
March 31 2009 - 12:16PM
PR Newswire (US)
DENVER, March 31 /PRNewswire/ -- Shonstrom Research Associates
analyst Michael Shonstrom has issued a research update raising his
revenue estimates for ID Watchdog, a provider of patent pending
identity theft monitoring services to the consumer. The company
recently announced 2008 Q4 and full year preliminary sales numbers
showing an 8% sequential quarterly gain to $1.4m and $4.7m for the
first full year of operation. A new 3rd party call center marketing
strategy initiated in January has show exceptional results so far
in Q1. Shonstrom estimates that the company will exit the month of
March with an $8.0m+ revenue run rate. In addition, an agreement
with Acxiom (NASDAQ:ACXM) will provide a comprehensive consumer
information database with which to further advance consumer
identity theft protection, prevention and resolution. Shonstrom has
raised his revenue estimates for the year to $23.0m and his one
year price target to C$1.50. This release is from Shonstrom
Research Associates, LLC, an independent research company
established in 2000 focused on the early discovery of micro and
small cap growth stocks. Shonstrom Research is a division of and
provides proprietary research to Bathgate Capital Partners CRD #
38923 DATASOURCE: Shonstrom Research Associates CONTACT: Michael
Shonstrom, President of Shonstrom Research Associates, LLC,
+1-303-321-2392
Copyright
Acxiom (NASDAQ:ACXM)
Historical Stock Chart
From Sep 2024 to Oct 2024
Acxiom (NASDAQ:ACXM)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Acxiom Holdngs (delisted) (NASDAQ): 0 recent articles
More Acxiom (MM) News Articles