See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Salesforce Inc. (CRM) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Salesforce Inc. (CRM) - free report >>
Image: Bigstock
Why is Shutterstock (SSTK) Surging 14% Today?
Shutterstock Inc. (SSTK - Free Report) is up 14% on Tuesday after they announced an image licensing deal with Alphabet Inc. (GOOGL - Free Report) subsidiary Google.
Headquartered in New York City, Shutterstock provides licensed media such as photographs, videos and music to businesses, marketing agencies, and media organizations globally.
The deal allows Google access to Shutterstock’s collection of over 90 million photographs for use in their digital and mobile display advertising products. According to SSTK’s official statement, Google has programmed their technology to match these images to their advertisements and collect data on the advertisement’s respective performance. In doing so, Google can pick optimal combinations for maximum outreach.
Google is the latest company to integrate Shutterstock search capabilities into their services, with AOL, Salesforce (CRM - Free Report) , and Sprinklr having already done the same.
Shutterstock will report Q2 2016 earnings on August 4th, and has a current Zacks Consensus Estimate of $0.18 in earnings per share. Furthermore, analysts estimate earnings of $0.88 per share this fiscal year for SSTK. Analysts have not revised either of these values in the last 60 days.
Shutterstock currently sits at a Zacks Rank #3 (Hold).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>