Ellie Mae, Inc.NYSEMKT
Mon, Nov. 14, 3:00 PM
Thu, Oct. 27, 4:46 PM
Wed, Oct. 26, 5:35 PM
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Thu, Apr. 28, 4:14 PM
- Ellie Mae (NYSE:ELLI): Q1 EPS of $0.34 beats by $0.03.
- Revenue of $73.63M (+35.9% Y/Y) beats by $4.86M.
Wed, Apr. 27, 5:35 PM
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Fri, Feb. 12, 2:11 PM
- Ellie Mae's (ELLI +17.6%) big Q4 beat is accompanied by guidance for 2016 revenue of $317M-$321M and EPS of $1.79-$1.86, above a consensus of $306.6M and $1.72. Reported 2015 revenue and EPS was respectively $253.9M and $1.69.
- Q1 guidance is in-line: Revenue of $67.5M-$68.5M and EPS of $0.29-$0.31 vs. a consensus of $68M and $0.31.
- Active users of Ellie Mae's Encompass mortgage origination software rose 25% Y/Y in Q4 to 136,167, with SaaS Encompass active users rising 43% to 121,406. Revenue per average active Encompass user rose 10% to $475.
- GAAP operating expenses rose 30% Y/Y to $36.4M (compares with 39% revenue growth). Ellie Mae ended 2015 with $85M in cash and no debt.
- CEO Jonathan Corr: "We have built a powerful all-in-one mortgage management platform and network that provides one system of record for lenders to originate and fund mortgages, is deeply integrated with a broad array of vendors, investors and agencies, and allows lenders to achieve loan quality, regulatory compliance and operating efficiency." He declares his company's 2016 new business pipeline to remain "very robust."
- Ellie Mae's Q4 results, earnings release
Thu, Feb. 11, 5:35 PM
Thu, Feb. 11, 4:08 PM
- Ellie Mae (NYSE:ELLI): Q4 EPS of $0.44 beats by $0.23.
- Revenue of $64.9M (+39.3% Y/Y) beats by $3.55M.
Wed, Feb. 10, 5:35 PM
Fri, Feb. 5, 11:01 AM
- A long list of enterprise software and security tech names are off sharply after business intelligence/analytics software upstart Tableau (down 45.3%) reported slower-than-expected license revenue growth and issued below-consensus Q1/2016 guidance.
- Also possibly weighing: LinkedIn (down 39.6%), which derives a large % of its revenue from cloud-based recruiting and sales tools for enterprises, issued weak Q1/2016 guidance.
- Given the magnitude of the drops, margin calls and forced selling by funds could be playing a big role. The Nasdaq is down 2.2%.
- Tableau suggested its growth slowdown has to do with softening IT spend and a need to improve sales productivity, but analysts have raised questions about competition from the likes of Microsoft, Amazon, and Qlik. LinkedIn forecast a growth slowdown for its field sales hiring solutions business, while blaming European/Asian macro pressures. The company also noted its display ad business continues declining amid weak industry growth.
- Major enterprise software decliners include Splunk (SPLK -23.7%), Workday (WDAY -15.1%), Adobe (ADBE -7%), Zendesk (ZEN -15.2%), ServiceNow (NOW -13.6%), NetSuite (N -12.4%), Salesforce (CRM -11.2%), Paycom (PAYC -10.6%), Ellie Mae (ELLI -11.5%), Cornerstone OnDemand (CSOD -7.8%), Veeva (VEEV -7.7%), Ultimate Software (ULTI -9%), Luxoft (LXFT -7.5%), Manhattan Associates (MANH -8.5%), Box (BOX -6.6%), Guidewire (GWRE -13.6%), Demandware (DWRE -9.3%), Hortonworks (HDP -9.7%), and Tableau rival Qlik (QLIK -16.6%). The casualty list includes many cloud software firms, as well as several analytics software plays. Previously covered: New Relic, Atlassian.
- Major decliners among security tech firms: Palo Alto Networks (PANW -12%), FireEye (FEYE -8.9%), Rapid7 (RPD -8.6%), CyberArk (CYBR -8.3%), Proofpoint (PFPT -8%), Imperva (IMPV -8.3%), Fortinet (FTNT -6.9%), and Vasco (VDSI -5.1%). The selloff comes in spite of an FQ3 beat and in-line FQ4 guidance from Symantec, which has been losing share to various upstarts.
Fri, Jan. 22, 3:30 PM
- Plenty of tech names crushed over the first 20 days or so of January are sharply higher as the Nasdaq (up 2.4%) continues rebounding from Wednesday's intraday lows. Many still have sizable YTD losses.
- Big gainers among telecom equipment/component firms: Optical component vendors Oclaro (OCLR +9.5%) and NeoPhotonics (NPTN +6%), mobile infrastructure/services giant Ericsson (ERIC +6.2%), optical networking hardware vendor Infinera (INFN +5.2%), and microcap RF backhaul hardware firms DragonWave (DRWI +24.3%) and Ceragon (CRNT +10%). Ericsson underperformed yesterday following a pre-earnings Goldman downgrade.
- Among enterprise tech firms: Threat-prevention technology and services provider FireEye (FEYE +7.7%), big data software provider Hortonworks (HDP +16.1%), security software/services firm Rapid7 (RPD +9.1%), data governance software firm Varonis (VRNS +5.6%), and flash storage array vendor Violin Memory (VMEM +13.6%). FireEye fell slightly yesterday after making a Q4 pre-announcement and announcing a $200M+ acquisition. Hortonworks was crushed on Tuesday after a Q4 pre-announcement and stock offering shelf registration.
- Among chip industry firms: RF chipmaker Skyworks (SWKS +6%), audio codec developer Cirrus Logic (CRUS +7.3%), smart TV/home automation chipmaker Sigma Designs (SIGM +6.5%), FPGA/sensor hub maker QuickLogic (QUIK +9.2%), and chip equipment firms Axcelis (ACLS +4.9%) and Aixtron (AIXG +4.9%). Major Cirrus/Skyworks client Apple reports on Tuesday afternoon.
- Also up big: 3D printer maker 3D Systems (DDD +7.1%), Russian search leader Yandex (YNDX +7.5%), mortgage origination software firm Ellie Mae (ELLI +6.4%), Chinese solar firm Yingli (YGE +11.4%), and SMB Web services provider Wix.com (WIX +5.3%).
- Previously covered: Rosetta Stone, Live Ventures, HP Enterprise, Mitel, Mobileye, Qorvo, SunPower, SolarCity
Wed, Jan. 20, 1:18 PM
- Like clockwork, high-beta tech stocks continue selling off at a feverish pace as markets nosedive. Today's selloff comes with the Nasdaq down 2.7%, and the S&P 3%. Margin calls are likely a contributing factor.
- Solar stocks, which sold off yesterday even as major indices moved little, are underperforming again as energy stocks get routed once more and oil drops below $27/barrel. Hard-luck SunEdison (SUNE -13.6%) is now close to $2. Also tumbling: Canadian Solar (CSIQ -8.8%), ReneSola (SOL -8.2%), and Yingli (YGE -6.9%).
- Security tech plays FireEye (FEYE -9.3%), Palo Alto Networks (PANW -6.1%), Rapid7 (RPD -11.6%), and Vasco (VDSI -10.5%) aren't faring better - peers Fortinet and Barrcauda were downgraded this morning. Nor are Splunk (SPLK -7.7%) and Tableau (DATA -7.2%), two firms often hyped as big data/analytics plays, or Russian tech firms Yandex (YNDX -6.6%) and Qiwi (QIWI -6.9%), which often sell off when oil prices and the ruble are under pressure.
- Elsewhere in tech, big decliners include Zillow (Z -7.1%), Square (SQ -6.7%), Fitbit (FIT -6.6%), Groupon (GRPN -6.9%), TrueCar (TRUE -7.7%), Pure Storage (PSTG -7.8%), Jive Software (JIVE -7.4%), Shopify (SHOP -7.2%), Ruckus Wireless (RKUS -8%), Renren (RENN -6.8%), Infinera (INFN -6.1%), TripAdvisor (TRIP -6.5%), Ellie Mae (ELLI -6.7%), and Knowles (KN -6.2%).
- Also off sharply: Several large-cap tech stocks, TowerJazz, Synaptics, Adtran
Wed, Jan. 6, 12:41 PM
- Stephens has upgraded Ellie Mae (NYSE:ELLI) to Overweight. The mortgage origination software firm has risen towards $62 in response.
- With the help of healthy U.S. origination activity, Ellie Mae more than doubled from the start of 2015 to its August peak of $82.92. Shares pared their gains later in the year amid expectations of Fed rate hikes and slower housing market growth. A Q3 beat and mixed Q4 guidance was provided in October.
Oct. 29, 2015, 2:07 PM
- In addition to beating Q3 estimates, Ellie Mae (NYSE:ELLI) is guiding for Q4 revenue of $59.5M-$60.5M, above a $58.1M consensus. EPS guidance of $0.18-$0.20 is below a $0.21 consensus; growing investments and the Mortgage Returns acquisition are expected to pressure EPS.
- Active users for Ellie Mae's Encompass mortgage origination software rose 30% Y/Y to 135K, with SaaS Encompass active users rising 47% to 116K. Revenue per average active Encompass user rose 24% to $520, and seat bookings totaled 11.9K (a record).
- Spending remains aggressive: GAAP operating expenses rose 65% Y/Y to $36.9M. Ellie Mae ended Q3 with $159M in cash/investments, and no debt.
- Q3 results, PR