Constant Contact Stock Soars (CTCT)

NEW YORK ( TheStreet) -- Shares of Constant Contact (Nasdaq: CTCT) have taken a tremendous swing upward. The stock is trading at $31.26 as of 11:20 a.m. ET, 20.2% above Thursday's closing price of $26. Volume is at 1.7 million, 3.4 times the daily average of 504,600.

Constant Contact has a market cap of $759.6 million and is part of the services sector and media industry. Shares are up 12.1% year to date as of the close of trading on Thursday.

Constant Contact, Inc. provides on-demand email marketing, social media marketing, event marketing, and online survey solutions primarily in the United States. The company has a P/E ratio of 109.9, below the average media industry P/E ratio of 116.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Constant Contact as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Constant Contact Ratings Report.

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