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INVESTOR ALERT: Pomerantz Law Firm Investigates Claim On Behalf of Investors of TechTarget, Inc. - TTGT
Prnewswire· 2025-04-22 20:14
On this news, TechTarget's stock price fell $1.04 per share, or 12.75%, to close at $7.12 per share on April 21, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz ...
Bragar Eagel & Squire, P.C. Is Investigating TechTarget and Aldeyra and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-04-22 01:00
Core Insights - Bragar Eagel & Squire, P.C. is investigating potential claims against TechTarget, Inc. and Aldeyra Therapeutics, Inc. for possible violations of federal securities laws and unlawful business practices [1] TechTarget, Inc. (NASDAQ:TTGT) - On December 6, 2024, TechTarget announced that its previous financial statements were being restated due to identified errors, leading to a share price decline from $25.54 to $23.48, a drop of $2.09 per share [2] - On March 31, 2025, TechTarget disclosed it would be unable to timely file its 2024 Annual Report, indicating a potential pre-tax non-cash goodwill impairment charge of approximately $70 million to $110 million for the fiscal year, resulting in a share price drop from $14.81 to $12.76, a decline of $2.05 per share [3] Aldeyra Therapeutics, Inc. (NASDAQ:ALDX) - On April 3, 2025, Aldeyra received a Complete Response Letter from the FDA regarding its New Drug Application for reproxalap, stating that the application failed to demonstrate efficacy in adequate studies, which led to a sharp decline in stock price during intraday trading [4]
TTGT ALERT: TechTarget Investors Who Have Lost Money Should Contact Block & Leviton to Find Out How They Might Recover Money Through The Firm's Investigation
GlobeNewswire News Room· 2025-04-21 15:07
BOSTON, April 21, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating TechTarget, Inc. (Nasdaq: TTGT) for potential securities law violations. Investors who have lost money in their TechTarget investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/ttgt. What is this all about? TechTarget announced a delay in filing its 2024 Annual Report and disclosed plans to record a significant goodwill impairment. This foll ...
TECHTARGET ALERT: Bragar Eagel & Squire, P.C. is Investigating TechTarget, Inc. on Behalf of TechTarget Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-04-11 01:00
Core Viewpoint - TechTarget, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following significant financial restatements and accounting issues [1][2][3]. Financial Disclosures - On December 6, 2024, TechTarget announced that its previous financial statements were unreliable and would be restated due to identified errors, leading to a share price drop from $25.54 to $23.48, a decline of $2.09 per share [2]. - On March 31, 2025, TechTarget disclosed it would not file its 2024 Annual Report on time, citing the need for further evaluation of technical accounting matters related to its acquisition of Informa Tech Digital Businesses. The company expects a pre-tax non-cash goodwill impairment charge between $70 million and $110 million for the 2024 fiscal year, resulting in a share price decline from $14.81 to $12.76, a drop of $2.05 per share [3]. Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of TechTarget stockholders who may have suffered losses due to the company's financial disclosures and restatements [1][4].
Kirby McInerney LLP Announces Investigation of Possible Claims Against TechTarget, Inc. (TGGT) on Behalf of Investors
Newsfilter· 2025-04-04 00:00
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against TechTarget, Inc. regarding possible violations of federal securities laws and unlawful business practices [1] Financial Disclosures - On December 6, 2024, TechTarget announced that its previous financial statements were unreliable and would be restated due to identified errors, leading to a share price decline from $25.54 to $23.48, a drop of $2.09 per share [3] - On March 31, 2025, TechTarget disclosed it would not file its 2024 Annual Report on time, citing the need to evaluate technical accounting matters related to its combination with Informa Tech Digital Businesses. The company expects a pre-tax non-cash goodwill impairment charge between $70 million and $110 million for the 2024 fiscal year, resulting in a share price decline from $14.81 to $12.76, a drop of $2.05 per share [4]
TechTarget Faces Macro Challenges And Valuation Compression, Analyst Cuts Price Forecast
Benzinga· 2025-04-01 17:08
Group 1 - TechTarget Inc is rated as a Buy by Needham analyst Joshua Reilly, with a revised price forecast lowered from $40.00 to $25.00 [1] - The company is expected to align its FY25 guidance with consensus estimates of $512 million in revenue, reflecting a 3.4% adjusted year-over-year growth, and $98 million in adjusted EBITDA [1] - Management is anticipated to remain cautious due to potential sales and marketing downturns and macroeconomic challenges in early 2025 [2] Group 2 - TechTarget is expected to report an in-line fourth-quarter performance, with consensus revenue estimates of $78.5 million, including approximately $20 million from Informa Tech following the merger [3] - Investors are focused on the timing of $25 million in cost synergies and the integration progress of Informa Tech [3] - Clarity is sought on the structure of business segments, with potential new revenue segmentation combining Brand & Content with Intent & Demand, while Intelligence & Advisory may be reported separately [4] Group 3 - Growth drivers for TechTarget include expanding its total addressable market beyond marketing teams, increased first-party data from the BrightTALK acquisition for cross-selling, and a projected rebound in global IT spending [5] - The updated price forecast is based on a valuation of 17x EBITDA for the combined entity using consensus FY25 estimates [5] - As of the last check, TTGT shares traded lower by 4.12% at $14.20 [5]
Infinidat's InfiniBox™ SSA G4 All-Flash System Wins TechTarget's Silver Award as One of the Best Enterprise Storage Arrays of 2024
GlobeNewswire News Room· 2025-01-23 13:00
Core Insights - Infinidat's InfiniBox™ SSA G4 system received the Silver Award for "Best Enterprise Storage Arrays of 2024" from TechTarget, marking three consecutive years of recognition for its innovative solutions [1][4] Product Performance - The InfiniBox SSA G4 F4416T offers a 2.5x improvement in performance within a scale-up architecture, featuring built-in cyber storage resilience, hybrid multi-cloud support, and 100% availability [2] - It boasts the industry's fastest all-flash storage array with a latency of 35 microseconds and flexible scale-up options of 60%, 80%, and 100% populated models [2] Technological Advancements - The latest generation of InfiniBox SSA utilizes an AMD EPYC™ CPU, significantly reducing power consumption per core and supporting PCI Express 5.0 for enhanced bandwidth and I/O speeds [3][4] - The transition from Intel to AMD processors has resulted in the G4 line achieving twice the performance of its predecessor [4] Customer Value and Support - Infinidat introduced the InfiniVerse Mobius controller upgrade program to extend the lifespan of customer systems, alongside support for Microsoft Azure and expanded data protection for VMware environments [4][5] - The InfuzeOS™ Cloud Edition facilitates cloud-native and hybrid multi-cloud deployments, enhancing ease of use, automation, and cyber storage resilience [5] Industry Recognition - TechTarget praised the InfiniBox SSA G4 for its scalability, high performance, and reliability, emphasizing its 100% data availability guarantee [4]
Omdia: TikTok and YouTube Dominate Video Platforms for Millennials and Gen Z in the USA
Prnewswire· 2025-01-21 14:34
TikTok's Market Performance - TikTok surpassed 1.9 billion monthly active users (MAUs) globally in 2024, including 145 million MAUs in the USA [1] - TikTok led global video revenues with $63.3 billion, nearly doubling YouTube's $33.3 billion in global advertising revenue [1] - TikTok's advertising revenues in the USA reached approximately $8 billion [1] Platform Engagement and User Behavior - 92% of TikTok users also engage with YouTube monthly, with 61% using YouTube daily [2] - Instagram Reels and Facebook Video attract 76% of TikTok users monthly, with daily usage at 50% for Instagram and 44% for Facebook [2] - 52% of YouTube viewing in the USA occurs on TVs, a figure that continues to rise [3] Potential Impact of a TikTok Ban in the USA - A USA TikTok ban could lead to increased engagement with YouTube and Meta platforms like Facebook and Instagram [3] - New apps have gained traction amidst discussions of a possible TikTok ban [3] TikTok's Cultural Resonance and SVOD Growth in Latin America - TikTok has strong cultural resonance within Hispanic communities in the USA, with higher engagement compared to non-Hispanic users [4] - Latin America's SVOD subscriptions are projected to grow from 154 million in 2024 to 174 million in 2025, adding 20 million new subscribers [4] Netflix's Dominance in Latin America - Netflix ended 2024 with 51 million subscriptions in Latin America, forecasted to reach 57 million by 2025 and 70 million by 2029 [5] - Netflix's success is driven by ad-supported tiers and investments in Spanish-language content, accounting for 48% of regional SVOD revenues [5] - Disney+ subscriptions are expected to reach 20 million by 2025, bolstered by the merger of Star+ and Combo+ and the introduction of an ad-supported tier [5] Netflix's Strategic Focus in Latin America - Netflix's investments in Spanish-language content and advertising models are driving growth in Latin America, particularly in Mexico and Brazil [6]
Omdia survey finds phishing attacks top smartphone security concern for consumers
Prnewswire· 2025-01-20 10:39
Core Insights - Phishing scams are identified as the leading security threat for smartphone users, with 24% of respondents reporting they have been victims of such attacks [1][2][6] - The Omdia survey involved 1,572 consumers across various regions, highlighting the prevalence of phishing compared to other security issues like malware and physical theft [2][6] Survey Findings - The survey conducted in October 2024 revealed that malware and viruses were the second most common security concern, followed by physical theft [2] - The survey is part of the fourth annual Omdia Mobile Device Security Scorecard, indicating ongoing research into mobile security trends [2] Device Performance - In a recent assessment, Google's Pixel 9 Pro and Samsung's Galaxy S24 outperformed Apple's iPhone 16 Pro and other Android devices in terms of security features [3] - All tested Android devices successfully flagged suspected spam calls, while the iPhone 16 Pro lacked similar protection for voice calls [4] Phishing Protection Gaps - None of the tested devices fully intercepted phishing emails, with only spam identification occurring for emails sent from Google's SMTP [4] - Devices with Google Safe Browsing protections were able to block malicious links effectively, but performance varied significantly across different browsers [5] Consumer Trust Issues - A significant 73% of consumers reported a decrease in trust towards smartphone brands and operating system developers following security issues [6] - Analysts emphasize the need for better baseline phishing protection and increased consumer awareness from manufacturers to enhance security [6]
Omdia: e-cigarettes, game consoles and two-wheeled vehicles drive industrial display panel revenue to USD 2.4 billion, up 13.6% year on year in 2025
Prnewswire· 2025-01-19 23:06
Core Insights - Industrial display panel shipments are projected to reach 167.9 million units in 2024, reflecting a significant 10.9% year-over-year growth [1] - The smart home and office application segments lead with a 46% shipment share, with multi-function printers contributing 22% of this share [1] - In 2025, shipments are expected to rise to 178 million units, indicating a 6% year-over-year growth [2] Industry Performance - Revenue for major industrial display panel makers is estimated at USD 2.1 billion for 2024, a slight decline of 3.5% year-over-year, but expected to rebound to USD 2.4 billion in 2025, marking a robust 13.6% growth [3] - Specific sectors such as 0.96-inch AMOLED panels for e-cigarettes and 8-inch LTPS gaming consoles are driving double-digit shipment growth [2] Supply Chain Dynamics - Industrial display supply chain participants are balancing cooperation and competition, with panel makers increasing efforts in set and open frame businesses, projected to account for 4.8% of total panel revenue in 2024 [4] - Geopolitical risks and tariff impacts are prompting a shift in production to Southeast Asia and India, with many participants already establishing mass production in these regions [5] Future Trends - Higher revenue growth is anticipated in 2025, driven by e-cigarettes, gaming consoles, and new applications such as two-wheeled vehicles requiring stringent display specifications [6] - Mini LEDs backlight products are expected to enter mass production, further boosting revenue across various sectors [6]