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ECOM

ChannelAdvisor

$9.35

0.1 (1.08%)

06:36
04/19/18
04/19
06:36
04/19/18
06:36

ChannelAdvisor sees Q1 revenue approximately $31.2M, consensus $29.8M

Based on information available as of today, total revenue is expected to be approximately $31.2 million, or $1.4 million above the high end of the previous guidance range of $29.4 million to $29.8 million. Adjusted EBITDA, a non-GAAP measure, is expected to be approximately $0.8 million, or $1.1 million above the high end of the previous guidance range of a loss of $(0.7) million to $(0.3) million. ChannelAdvisor's adjusted EBITDA estimate includes an expected net loss of $(3.4) million adjusted for interest income of $(0.1) million, as well as depreciation and amortization expenses of $1.5 million, income tax expense of $0.1 million and stock-based compensation expense of $2.7 million. These results are preliminary and unaudited and are subject to change based on the completion of the company's normal quarter-end review process. As a result, these preliminary results may be different from the actual results that will be reflected in ChannelAdvisor's consolidated financial statements for the quarter ended March 31, 2018 when they are released. "Our preliminary analysis of our first quarter performance indicates that revenue and adjusted EBITDA will be above our previous guidance for the first quarter, reflecting solid execution against our plan," said David Spitz, CEO of ChannelAdvisor. "These anticipated results reflect our continued emphasis on driving revenue growth while improving the efficiency of our business. We look forward to providing final results and additional color on May 10."

ECOM ChannelAdvisor
$9.35

0.1 (1.08%)

02/14/18
NEED
02/14/18
NO CHANGE
Target $12
NEED
Buy
ChannelAdvisor price target lowered to $12 from $18 at Needham
Needham analyst Scott Berg lowered his price target on ChannelAdvisor to $12 despite the accelerating business metrics that drove the first bookings growth since 2014. Berg points to a "conservative approach" by the company on its FY18 outlook due to pricing issues with another first party that limited Q4 revenue upside. The analyst keeps his Buy rating on ChannelAdvisor, forecasting a likely return to double digit revenue growth exiting FY18 because of improved sales productivity.
02/14/18
BARD
02/14/18
NO CHANGE
Target $9
BARD
Neutral
ChannelAdvisor outlook likely to weigh on sentiment, says Baird
Baird analyst Colin Sebastian noted ChannelAdvisor (ECOM) missed Q4 estimates and cited non-core marketplace struggles as the cause. The analyst was positive on the company's improved performance across both the eBay (EBAY) and Amazon (AMZN) channels and is a positive for growth. Sebastian considers ChannelAdvisor a "show-me" story and maintained his Neutral rating while lowering his price target to $9 from $10 on the shares.
02/06/18
DADA
02/06/18
UPGRADE
Target $11.5
DADA
Buy
ChannelAdvisor upgraded to Buy from Neutral at DA Davidson
DA Davidson analyst Tom Forte upgraded ChannelAdvisor to Buy from Neutral and kept his $11.50 price target ahead of Q4 earnings next week. Forte cites several catalysts in his rating change, including the management's strategy on focusing on larger clients for its platform whose sales should accelerate this year, more top-line upside after the acquisition of HubLogix in 2017, and faster than expected growth from exports to China.
01/02/18
KEYB
01/02/18
NO CHANGE
KEYB
Shopify, PTC among favorite ideas in vertical software, says KeyBanc
KeyBanc analyst Monika Garg expects vertical software companies to outperform in 2018 due to their deep vertical moats, which can help derive high market share and margins. The analyst's favorite ideas for 2018 are Shopify (SHOP), PTC (PTC), 2U (TWOU), and RealPage (RP.) Due to headwinds for brick-and-mortar retailers, she remains cautious on Manhattan Associates (MANH), SPS Commerce (SPSC), ChannelAdvisor (ECOM), and CommerceHub (CHUBA).

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