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Fly News Breaks for May 10, 2019
ECOM
May 10, 2019 | 08:33 EDT
Needham analyst Ryan MacDonald lowered his price target on ChannelAdvisor to $12 after its "mixed" Q1 results and lowered FY19 revenue outlook amid continued challenges for its core marketplace business and decelerating gross merchandise volume. The analyst notes however that in spite of the decelerating topline growth, he expects ChannelAdvisor's profitability to improve. MacDonald also sees risk-reward on the stock as "attractive" at a 1.8-times enterprise value to expected sales multiple.
News For ECOM From the Last 2 Days
ECOM
Feb 25, 2020 | 08:16 EST
ChannelAdvisor announced that the United States Patent and Trademark Office has issued U.S. Patent 10,552,420 titled "Systems and Methods for Compressing and Extracting Information from Marketplace Taxonomies."