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The Rubicon Project Inc (NASDAQ:RUBI) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided EPS guidance of ($0.60)-($0.50) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.62), StockRatingsNetwork reports. The company issued revenue guidance of $111-$114 million, compared to the consensus revenue estimate of $110.53 million.The Rubicon Project also updated its Q2 guidance to ($0.24)-($0.21) EPS.

A number of analysts have recently weighed in on RUBI shares. Analysts at Zacks initiated coverage on shares of The Rubicon Project in a research note on Wednesday, May 7th. They set a hold rating on the stock. On a related note, analysts at Oppenheimer initiated coverage on shares of The Rubicon Project in a research note on Tuesday, May 6th. They set a sector perform rating and a $19.00 price target on the stock. Finally, analysts at Needham & Company LLC initiated coverage on shares of The Rubicon Project in a research note on Monday, April 28th. They set a buy rating and a $23.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $22.40.

The Rubicon Project Inc (NASDAQ:RUBI) remained flat at $11.37 during during mid-day trading trading on Tuesday. 380,634 shares of the company’s stock traded hands. The Rubicon Project Inc has a 1-year low of $11.15 and a 1-year high of $23.20. The stock’s 50-day moving average is $17.74 and its 200-day moving average is $17.74. The company’s market cap is $394.7 million.

The Rubicon Project (NASDAQ:RUBI) last announced its earnings results on Tuesday, May 13th. The company reported ($0.15) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.42) by $0.27. The company had revenue of $23.00 million for the quarter, compared to the consensus estimate of $20.28 million. The Rubicon Project’s revenue was up 38.6% compared to the same quarter last year. Analysts expect that The Rubicon Project Inc will post $-0.51 EPS for the current fiscal year.

The Rubicon Project, Inc is a global technology company that focuses to automate the buying and selling of advertising.

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