This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ValueClick Provides Updated Expectations For Second Quarter Results

Stocks in this article: VCLK

ValueClick, Inc. (Nasdaq: VCLK) today announced updated expectations for financial results for the second quarter ended June 30, 2012, an update on its stock repurchase program, and a $50 million increase to its credit facility.

Second Quarter 2012 Results Expected to be at High-End of Guidance Ranges

The Company announced updated expectations for financial results for the second quarter ended June 30, 2012. ValueClick currently anticipates:

  • Revenue at the high-end of its previously-issued guidance range of $155 to $160 million; and
  • Adjusted-EBITDA 1 at the high-end of its previously-issued guidance range of $46 to $48 million.

Updated revenue expectations for second quarter 2012 include Media segment revenue growth at or above the previously-issued guidance for the segment. ValueClick expects to announce final financial results for the second quarter of 2012 and guidance for the third quarter of 2012 during the week of July 30. The Company will provide specific information on the date and time of the announcement in a separate press release.

Repurchase Program Update

Since May 2, ValueClick has repurchased approximately 5.9 million shares of the Company’s outstanding common stock for approximately $99.6 million. ValueClick’s board of directors has authorized a $100 million increase to the program, such that an additional $100.5 million of the Company’s capital may be used to repurchase shares of the Company’s common stock going forward. ValueClick anticipates funding the program through free cash flow generation and its credit facility.

Credit Facility Increase

ValueClick has increased the amount available under its credit facility by $50 million. The Company’s total credit facility now consists of: 1) a $200 million revolver (previously $150 million) with an expected outstanding balance as of the end of the second quarter of $130 million; and 2) a term loan with an expected outstanding balance as of the end of the second quarter of $42.5 million.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs