NEA 0.24% $2.08 nearmap ltd

Ann: Nearmap business update, page-33

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  1. 13,761 Posts.
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    Here’s why the Nearmap Ltd share price just skyrocketed

    March 29, 2017

    Prior to today, in the last two weeks the Nearmap Ltd (ASX: NEA) share price had tumbled over 22% despite there being no news out of the aerial imaging company.
    Concerns over its slower-than-expected progress in the lucrative U.S. market appear to be behind the sell-off.
    But thankfully for its shareholders the company has attempted to quash these concerns with the release of a business update this morning.
    In early trade Nearmap’s share price has responded positively and jumped 18% to 52 cents.
    Today’s update revealed that so far in the third quarter of FY 2017 Nearmap is on track to post its strongest trading quarter year-to-date with the addition of $3 million worth of incremental annualised contract value (ACV).

    All of it:

    http://www.fool.com.au/2017/03/29/heres-why-the-nearmap-ltd-share-price-just-skyrocketed/
 
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