VoIP Business and Virtual PBX

Stocks Riding Europe's Reconciliation Higher

Also bounding higher was Internet ad agency ValueClick, which I had recommended last month was poised to take off. Shares had been beaten down afterwards a poorly received first-quarter revenues report that gave guidance below analyst expectations, however I noted its media segment seemed particularly healthy, as earnings had doubled. Considering the segment represents near half of consolidated earnings, I thought the market had unfairly beaten down the stock.

As expected, ValueClick said Friday that second-quarter earnings would come in at the high end of its previous guidance based on the strength of that media market. I had rated the ad agency to outperform on CAPS, and even though it's on the whole lagging the indexes at this stage, I see ValueClick in the long run surpassing them.

More good revenues news accounted for TIBCO Software's rise. The cloud-computing software specialist was able to overcome the global financial crises that have impaired IT spending at other software providers, reporting stronger-than-expected results, with analysts speculating it's because TIBCO solutions allow enterprises to store and access data over the Internet without needing to buy redundant equipment. Nevertheless not everything came off without a hitch as its largest segment, the Americas, fell behind Europe and Asia, resulting in the division's president getting ousted. Considering Europe's troubles and TIBCO's performance, this should be a relatively easy fix to get the U.S. back online.

More information: Fool