Zacks Investment Research downgraded shares of Vocus Inc. (VOCS) from OUTPERFORM to NEUTRAL on December 05, 2013, with a target price of $10.00.
Vocus' third-quarter adjusted loss per share was narrower than the Zacks Consensus Estimate. The company's revenues increased on a year-over-year basis but fell short of the consensus mark. The company benefited from the high revenue generation ability of its new marketing suite. The company is targeting more customers and cloud opportunities in the SMB space. However, tough competition remains a concern for the company. Additionally, continuous decline in demand for its legacy PR solution, lesser focus on selling low-end solutions to small businesses, margin contraction, currency fluctuations remain the potential headwinds. Thus, we downgrade our recommendation on Vocus to Neutral.
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