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ATLANTA, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Cardlytics, Inc., (NASDAQ: CDLX), a digital advertising platform, today announced it will present at the 2022 Raymond James Technology Investors Conference.
Cardlytics (CDLX) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Cardlytics Inc. shares CDLX, -53.41% ended Wednesday's session down 53% after the company, which provides marketing solutions, delivered a forecast that fell well short of what analysts had been expecting. JPMorgan analyst Doug Anmuth wrote following the Tuesday afternoon report that Cardlytics guided for a roughly 6% year-over-year decline in fourth-quarter revenue at the midpoint, while the consensus view had been for growth of approximately 11%.
The business trends are worse than management expected.
Cardlytics, Inc. (NASDAQ:CDLX ) Q3 2022 Earnings Conference Call November 1, 2022 5:00 PM ET Company Representatives Nick Lynton - Chief Legal Officer Karim Temsamani - Chief Executive Officer Andy Christiansen - Chief Financial Officer Conference Call Participants Kyle Peterson - Needham Wesley Sanford - JPMorgan Aaron Kessler - Raymond James Operator Thank you for standing by, and welcome to the Third Quarter 2022 Cardlytics, Inc., Earnings Conference Call. I will now hand the conference over to Nick Lynton.
Cardlytics (CDLX) delivered earnings and revenue surprises of 7.41% and 2.97%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
ATLANTA, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Cardlytics, Inc., (NASDAQ: CDLX), an advertising platform in banks' digital channels, today announced that its third quarter ended September 30, 2022 financial results will be released on Tuesday, November 1, 2022, after market close. The company will host a conference call and webcast at 5:00 PM (ET) / 2:00 PM (PT) to discuss the company's financial results.
Cardlytics, Inc. (NASDAQ:CDLX ) Q2 2022 Earnings Conference Call August 2, 2022 5:00 PM ET Company Representatives Lynne Laube - Chief Executive Officer Andy Christiansen - Chief Financial Officer Nick Lynton - Chief Legal Officer Conference Call Participants Kyle Peterson - Needham Doug Anmuth - JPMorgan Jason Kreyer - Craig-Hallum Operator Hello! Thank you for standing by, and welcome to the Second Quarter 2022 Cardlytics, Inc., Earnings Conference Call.
Cardlytics (CDLX) delivered earnings and revenue surprises of -20.37% and 1.59%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Independent investment bank and asset management firm Needham & Company, which specializes in financings for growth companies, has set a.