Omniture (OMTR) NewsBite - OMTR Soars on Earnings

Posted: Friday, February 06, 2009 11:13 AM EDT

Omniture (NasdaqNM: OMTR) opened at $9.39. So far today, the stock has hit a low of $9.38 and a high of $11.15. OMTR is now trading at $10.64, up $1.57 (17.31%). Over the last 52 weeks the stock has ranged from a low of $7.15 to a high of $27.53. OMTR reported a fourth quarter loss last night of $8.1 million, 11 cents per share, on revenue of $83.0 million. OMTR's adjusted profit of $17.3 million, or 23 cents per share, beat analysts' estimates of 13 cents per share. Technical indicators for the stock are neutral and S&P gives OMTR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on OMTR the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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