Millennial Media (MM) Shares Rally 11% in 2 Sessions

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					Robert DeFrancesco’s
May 14, 2013

Millennial Media (MM) Shares +11% in 2 Days
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*Cloud software shines in Q1 earnings season
*NetSuite shows why it’s a cloud leader
*ServiceNow expanding its addressable market
*Proofpoint raises guidance on key security wins
*SPS Commerce builds its customer base
*Sourcefire raging in networking security
*Adobe Systems gets traction in the cloud
*A valuation reset for Citrix Systems
*Yahoo focuses on content & mobile
*Fusion-IO diversifies its customer portfolio
*LinkedIn disrupts enterprise recruiting
*New growth drivers at Microsoft
*Apple readies its next product cycle
*Akamai sees growth in cloud infrastructure
*Riverbed Technology tries to find footing
*A new capital allocation strategy at Harmonic
*Deal Report: Marketo IPO overview

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After rising 4% yesterday, shares of Millennial Media (MM, $7.96), the mobile ad
platform provider, today advanced 7% in heavy trading. The stock today reached an
intraday high of $8.35, and more than 2.7 million shares changed hands—nearly
double average daily volume.

Millennial Media, the largest independent mobile-ad provider in the U.S, is a busted
IPO—it went public in March 2012 at $13 a share and traded to a first-day high of
$27.90. The stock is down sharply from its 52-week high of $16.86.
The company’s Q1 results were solid (revenue +50%) and management reiterated
2013 revenue guidance of $270 million to $280 million. The consensus revenue
estimate for the year of $275.2 million indicates expected growth of 54.9%. Among
Millennial Media’s new growth drivers: video ads and location-based ads.


Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for
iPad/iPhone reading app.

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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
Louis Rukeyser’s Wall Street., launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

For more information or to place an order, call 800-392-0998.

Description: Millennial Media shares are rebounding off the post-IPO low of $5.87