Robert DeFrancesco’s
TechStockProspector.com
February 7, 2012
OpenTable (OPEN) Surges 70% off November Low
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OpenTable (OPEN, $53.75 after hours), the online restaurant reservation company,
reports Q4 EPS of 37 cents, seven cents better than the consensus estimate, on
revenue of $37.2 million (+20.8% year over year), above the consensus of $36.8
million.
Reservation revenue advanced 32% to $20.3 million thanks primarily to an increase
in seated diners. In North America, the number of seated diners rose 38% to 24.6
million.
Subscription revenue was up 14% to $13.3 million because of an increase in the
number of installed restaurants using the company’s Electronic Reservation Book
solution.
As of December 31, the installed restaurant based in North America stood at 17,150,
up 24% from the year-ago level. The international installed restaurant base was up
27% to 7,969.
After rising 2.6% in the regular session, OpenTable shares are up more than 4%
after hours. The stock has recovered sharply from the November low of $31.54.
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*Hot tech trends for 2012
*4 cloud software buyout targets
*A winning play in storage
*Benefiting from the 4G upgrade cycle
*Google valuation analysis update
*Akamai investors applaud the Cotendo purchase
*Tibco Software tops expectations
*Red Hat expands its reach
*Buy Zynga on the dip?
*Acme Packet hits an air pocket
*Battleground stock for 2012: Salesforce.com
*Money Manager Focus: Seeing value in SGI
*How Ariba drives B2B commerce
*IPO Focus: Jive Software
*TSP Deal Report: A look at privately held Splunk
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Tech-Stock Prospector is now available in the Amazon.com Kindle Store in the
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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
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