CrowdGather reported record 3rd quarter revenues in line with analyst estimates. The Company reiterated analyst guidance for the 4th quarter and full year 2012. The stock has been on fire since the beginning of the year, up over 210% YTD, and has resumed its long term uptrend. According to the Company, they are well positioned for Fiscal year 2013, with the roll out of their Adserver platform, and they have sufficient cash to achieve breakeven.
We are currently working on a more detailed blog article, to be released in the next few days. Crowdgather’s current price represents an incredible opportunity for investor based on the recent interest in social media stocks as a result of the upcoming Facebook IPO, as well as compelling long term fundamentals. Both Singular Research and Zacks Investment Service current have buys on the stock with 12-18 month price targets of $1.50 and $1.75 price targets. To get the full earnings release Click Here
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