SiteMinder's Opex Restraint Could Hint at Nerves -- Market Talk

Dow Jones10-28

2340 GMT - Lower-than-expected growth in SiteMinder's operating expenses could indicate nervousness at the accommodation-tech provider's revenue outlook, Citi analyst Siraj Ahmed says. He tells clients in a note that LinkedIn data indicates on-year headcount growth of just 4%. That suggests that annual operating-expense growth is tracking lower than his 10% forecast. This is positive for both free cashflow and operating expenses but hints at potential uncertainty over future sales, Ahmed says. Citi has a buy rating and A$7.20 target price on the stock, which is up 2.5% at A$6.67. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 27, 2024 19:40 ET (23:40 GMT)

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He tells ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7016","symbol_name":"应用软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2478118888","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478118888","pubTimestamp":1730072400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2340 GMT - Lower-than-expected growth in SiteMinder's operating expenses could indicate nervousness at the accommodation-tech provider's revenue outlook, Citi analyst Siraj Ahmed says. 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