neustar inc-class a (NSR) Key Developments
Law Offices of Howard G. Smith Files Class Action Lawsuit Against NeuStar, Inc
Aug 26 14
Law Offices of Howard G. Smith announced that a class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of purchasers of the common stock of NeuStar, Inc. between April 19, 2013 and June 6, 2014, inclusive (the class period). The complaint alleged that the company misrepresented its ability to serve as Local Number Portability Administrator for the U.S. and as manager of the world's larger number portability registry, which enables routing of phone calls and text messages, and misrepresented the likelihood of winning new contracts with North American Portability Management LLC (NAPM), an industry group that represents all telecommunications service providers in the United States.
NeuStar, Inc. (NYSE:NSR) Being Reportedly Eyed By Investors
Aug 22 14
NeuStar, Inc. (NYSE:NSR) is considering a potential sale amid interest from private equity firms, Reuters reported citing people familiar with the matter. JPMorgan Chase & Co. (NYSE:JPM) is understood to be tapped by NeuStar, Inc. for the sale process. Some buyout firms have already expressed interest in a leveraged buyout of NeuStar, Inc., which has a market value of $1.8 billion, and would consider buying it even without that Telcordia Technologies, Inc.'s contract. A sale process may not start until the winner of Telcordia Technologies, Inc.'s contract has been finalized. NeuStar, Inc. and JPMorgan Chase & Co. declined to comment.
NeuStar, Inc. Appoints Gregory Weinhold as Vice President of Professional Services
Aug 18 14
Neustar, Inc. announced the appointment of Gregory Weinhold as Vice President of Professional Services. With two decades of experience delivering customer-centric solutions and services, Mr. Weinhold brings a proven track record of growing and aligning technology organizations to reach strategic goals, building strong customer relationships and driving innovation. At Neustar he is responsible for growing and enhancing the Professional Services group by cultivating new and expanding existing client relationships, services delivery and implementation, as well as identifying and developing high-value service offerings. He will report to Alexander L. Berry, Senior Vice President, Sales. Mr. Weinhold is the perfect choice for Neustar because he is focused on client success. He brings a deep and rich background in Professional Services and a great track record establishing trusted relationships with clients. Prior to joining Neustar, Mr. Weinhold served as Vice President of Global Professional Services and Customer Support at FICO.
NeuStar, Inc. Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-12-2014 02:25 PM
Aug 12 14
NeuStar, Inc. Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-12-2014 02:25 PM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: Paul S. Lalljie, Chief Financial Officer, Principal Accounting Officer and Senior Vice President.
NeuStar, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Year Ending December 31, 2014
Jul 23 14
NeuStar, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $220,350,000 against $237,457,000 a year ago. Income from operations was $64,750,000 against $74,746,000 a year ago. Income before income taxes was $57,643,000 against $69,040,000 a year ago. Net income was $36,847,000 or $0.61 per diluted share against $43,398,000 or $0.65 per diluted share a year ago. Adjusted net income was $57,649,000 or $0.95 per diluted share against $56,870,000 or $0.85 per diluted share a year ago. Revenue increase was driven by 19% growth in Marketing Services as they continue to take share in a highly-fragmented market. Adjusted net income increase was driven primarily by a lower share count resulting from ongoing share repurchases. Capital expenditures for the quarter totaled $14.1 million.
For the six months, the company reported total revenue of $467,354,000 against $436,766,000 a year ago. Income from operations was $120,089,000 against $145,572,000 a year ago. Income before income taxes was $107,080,000 against $122,445,000 a year ago. Net income was $68,530,000 or $1.11 per diluted share against $77,162,000 or $1.15 per diluted share a year ago. Adjusted net income was $110,053,000 or $1.79 per diluted share against $110,972,000 or $1.65 per diluted share a year ago.
For the year ending December 31, 2014, he company reaffirmed its revenue and adjusted net income guidance provided on January 29, 2014: Revenue to range from $945 million to $970 million, or growth of 5% to 8%. Adjusted net income to range from $233 million to $243 million, or flat to 4% growth, and on a per share basis $3.88 to $4.05, or growth of 10% to 15%.