Blinkx is trading in a bullish trend and several arguments are in favor of the continuation of this trend.
The company’s fundamentals are still strong. Sales are expected to rise from M$ 198 to 225. Moreover, analysts from Thomson Reuters consensus have revised largely upward their EPS estimates during the year.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages in weekly data and a daily pivot point.
Thanks to these good indicators, it seems relevant to take a long position in Blinkx at the current price. The first target price is the GBp 158.5 resistance. A stop loss will be set under the GBp 148.3, a breakdown of this level would damage technical pattern.
Blinkx has a network of publishers who show ads, which brings in the revenue. Most of the profit comes from video advertising and Blinkx make it easy for these websites to put video onto their pages through their own tools. They have hundreds of companies providing professional content in their "library".
Blinkx is just one of thousands of websites that utilise the ad network. It's considered a showcase site.
The advantage Blinkx has over the competition is in it's analysis of video, which helps it "understand" the content by recognising the sound and images contained within, e.g. it could produce a transcription of a video and recognise that David Beckham was in it.
They have fingers in lots of pies, try to stay ahead of the game and the last set of results show that things are going very well in a market which will continue to grow rapidly for some years to come.
Revenue from Internet advertising has grown to the point where it’s neck-to-neck with TV advertising, according to a new report from the Interactive Advertising Bureau (IAB) of Canada.
In 2012, Canadian Internet ad revenue topped out at $3.1 billion, a 15 per cent increase from 2011, when ad revenues reached $2.7 billion. To compare, TV advertising revenues reached about $3.5 billion, narrowing the gap and putting TV advertising ahead by just $382 million.
The Internet also landed about 27.5 per cent of revenue from major media advertising in 2012, while TV scored about 30.9 per cent. Major media advertisers include the Internet, TV, daily newspapers, radio stations, and magazines.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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