ExactTarget Inc (NYSE:ET)has acquired two privately held companies, Pardot LLC and iGoDigital, in separate cash-and stock deals for a combined $116.5 million as it also probable a more-upbeat view for the third quarter.
Company paid $21.0 million in total consideration for iGoDigital, containing of $14.7 million in cash and $6.3 million in ET common stock. Indianapolis-based iGoDigital will lead ET’s expanded Web product line under the leadership of iGoDigital President and Founder Eric Tobias.
ExactTarget Inc (NYSE:ET) traded with volume of 450,393.00 shares in last session which was unexpectedly lower versus average trading capacity of 551,019.00 shares. The stock traded with opening bell at $23.01, gained the maximum price level of $23.40 and then finished the day at $23.02 by scoring +0.70%.
ET remained successful in generating revenue of $248.01 million in the trailing twelve months and made net income of -$35.75 million. The Company maintained a negative -14.42% for the net profit margin and in its operating margin it scored -8.06%.
The ET’s price to sales ratio is 6.13 and price to cash ratio is 7.19 for the past 12 months.
The stock showed downbeat performance of -4.00% for the week which was maintained for the month at -4.48%. Likewise the positive performance for the trailing 3 months was recorded as +5.31% while the performance so far in current year remains at -8.32%.
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