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).
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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