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Stamps.com price target raised to $230 from $200 at Craig-Hallum » 08:5305/0805/08/20
Craig-Hallum analyst George Sutton raised the firm's price target on Stamps.com to $230 from $200 and keeps a Buy rating on the shares following Q1 results that sharply exceeded estimates. Business has further accelerated into April, and Sutton believes this clearly demonstrates the company's ability to drive significant volumes to carriers and expects that new partnerships with large carriers are soon to follow.
Stamps.com price target raised to $220 from $200 at Northland » 08:3605/0805/08/20
Northland analyst Tyler…
Northland analyst Tyler Wood raised the firm's price target on Stamps.com to $220 from $200 and keeps an Outperform rating on the shares after the company "predictably" blew away its previous record quarterly subscriber growth amid the mass migration of commerce from physical to online. He expects additional acceleration in Q2 and although the company's FY20 guidance was maintained, Wood believes full-year guidance is conservative, he tells investors.
Fly Intel: After-Hours Movers » 19:2105/0705/07/20
INTU, YELP, PCTY, MDRX, OLED, CTSH, SWIR, TRIP, FISV, ACAD, STMP, TTD, MSI, ROKU, TDC, QLYS, LOPE, APPN, AVID, NET, HEAR, TRUE, ARWR, SVMK, GLUU, DBX, SAIL, UBER, GPRO, XNCR, KTOS, GH, IPHI, AAXN, SPWR, SKYW, HLF, PAR, CWH
Check out this evening's…
Stamps.com drops 7% to $181.06 after USPS ends customized postage program 16:4205/0705/07/20
Stamps.com affirms 2020 adjusted EPS outlook $4.00-$5.00, consensus $4.42 » 16:4105/0705/07/20
Afirms 2020 revenue…
Afirms 2020 revenue outlook $570M-$600M, consensus $581.91M. Stamps.com said, "For 2020, the Company currently expects total revenue to be in a range of approximately $570 million to $600 million; this is unchanged from our previous guidance. Also, for 2020, the Company currently expects GAAP net income to be in a range of approximately $41 million to $53 million; this is unchanged from our previous guidance. The expected GAAP net income range includes depreciation and amortization expense of approximately $26 million, stock-based compensation expense of approximately $40 million, interest and other expense, net of approximately $1 million, and income tax expense of approximately $27 million to $35 million. Excluding the depreciation and amortization expense, stock-based compensation expense, interest and other expense, net and income tax expense, we expect non-GAAP adjusted EBITDA to be in a range of approximately $135 million to $155 million."
Stamps.com says USPS eliminating customized postage program on June 16 » 16:3905/0705/07/20
Stamps.com said, "We…
Stamps.com said, "We received notification from the USPS that it was eliminating its customized postage program and also revoking our authorization to offer products pursuant to that program effective June 16, 2020. Our primary product subject to termination is offered by the Company under the brand PhotoStamps. The revenue and cost of revenue associated with these products appear on our financial statements as 'Customized postage.' While the Company continues discussions with the USPS to reverse or modify this decision, the financial impact associated with the elimination of this product is reflected in our updated financial guidance."
Stamps.com reports Q1 EPS $1.32, consensus 97c » 16:3705/0705/07/20
Reports Q1 revenue…
Reports Q1 revenue $151.3M, consensus $133.39M. The company said, "Amidst the unprecedented challenges imposed by COVID-19 on the global economy, e-commerce has become an indispensable strategy for businesses and we're extremely proud that our world leading technology and employees are able to provide a critical technology service for our customers and partners. Stamps.com is prioritizing our employees, customers, partners, and communities, while continuing to provide exceptional service levels and support to our customers and partners. We are in a position to provide valuable services to mailers and shippers coping with this worldwide health crisis and remain committed to making significant strides towards our goal of being the leading worldwide multi-carrier e-commerce software company."
Fly Intel: Walmart, UPS downgrades among today's top calls on Wall Street » 10:0804/2904/29/20
WMT, COST, TGT, UPS, TSN, HRL, ROKU, STMP
Check out today's top…
Fly Intel: Top five analyst upgrades » 10:0504/2904/29/20
TJX, JNPR, PH, STMP, QTWO
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. TJX (TJX) upgraded to Overweight from Neutral at Atlantic Equities with analyst Daniela Nedialkova saying the COVID-19 disruption to retail has resulted in the selloff of a number of high quality stocks. 2. Juniper (JNPR) upgraded to Buy from Neutral at Goldman Sachs with analyst Rod Hall saying he expects the company to benefit from improving demand in the cloud and service provider verticals. 3. Parker-Hannifin (PH) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Joshua Pokrzywinski saying amid signs of regionalized manufacturing and shortening supply chains being discussed and acted upon by companies, as well as sequential stabilization in some end markets, Pokrzywinski thinks reports should "start to confirm 2Q20 as the trough." 4. Stamps.com (STMP) upgraded to Outperform from Market Perform at Northland with analyst Tyler Wood saying the closing of physical retail stores is causing a surge of demand for tools enabling e-commerce fulfillment. 5. Q2 Holdings (QTWO) upgraded to Outperform from Neutral at Baird with analyst Joe Vruwink saying the current environment is crystallizing the importance of digital banking and lending offerings to retain/engage customers and explore new avenues for growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Stamps.com price target raised to $200 from $150 at Craig-Hallum » 09:2204/2904/29/20
Craig-Hallum analyst George Sutton raised the firm's price target on Stamps.com to $200 from $150 to reflect his higher confidence levels along with an updated rule of 40 comp group. The analyst keeps a Buy rating on the shares.