Stamford, CT -- (SBWIRE) -- 04/30/2013 -- Jet Life Penny Stocks provides investors with the Awesome Penny Stock alerts on a regular basis. We will send you alerts through our Penny Stock Newsletters and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Have a look at today’s market movers: Millennial Media Inc (NYSE:MM) and Yahoo Inc (NASDAQ:YHOO)
Millennial Media Inc (NYSE:MM) assists websites and application developers in selling mobile advertising to companies. The company’s shares almost doubled on its first day of trading following its March 2012 initial public offering before dropping, as sales growth slowed and companies, such as Facebook Inc (NASDAQ:FB) and Twitter Inc., expanded their mobile-ad efforts.
While MM’s growth slowed, it remains the largest independent mobile-ad provider in the U.S. and is projected to keep growing in an industry that’s booming. Yahoo Inc (NASDAQ:YHOO), the largest U.S. Web portal, could be drawn to Millennial Media as a way to speed up its growth in mobile ads, said Needham’s Rice. The $27 billion company has been focused on growing its mobile revenue, partly through acquisitions of companies, such as app makers Summly and Jybe Inc.
For How Long will MM’s Gloss Attract Investors? Find out via this report
Amazon.com Inc (NASDAQ:AMZN) could also seek to acquire Millennial Media to round off its offerings in mobile-ad services, Needham’s Rice said. Even Facebook Inc, operator of the largest social-networking service, could pursue Millennial Media so that it can offer more options to advertisers interested in reaching mobile users, Falcon Point’s Mahoney said.
While Millennial Media Inc may attract buyers, management may be reluctant to consider a sale at the company’s diminished stock price, Needham’s Rice said. Still, even as Millennial Media is projected to keep growing, its share of mobile-ad services is poised to shrink amid increased competition, IDC’s Weide said.
Will YHOO Continue To Move Higher? Find Out Here
Jet Life Penny Stocks is always searching the market every day for massive penny stock runs before they happen so you don't have to. Jet Life Penny Stocks also offers free Highly-Professional Grade stock charts and video charts from one of the most experienced and well-respected chartists in the penny stock industry.
Jet Life Penny Stocks is not a registered securities advisor. Investors should always conduct their own additional due diligence with any potential investment or highlighted company. The company provides information on highlighted stocks via press releases, newsletters and company website, but this should not be construed as a recommendation to buy or sell. Please visit the company website for a more complete list of risks and disclosures.
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)