Travelzoo: Classic Value Trap
Travelzoo: A Dog Worth Betting On?
Thu, Jul. 21, 3:00 PM
Dec. 11, 2015, 3:21 PM
- A long list of tech firms are off sharply as the Nasdaq and S&P respectively drop 2% and 2.2% ahead of an expected Fed rate hike.
- The casualty list includes threat-prevention hardware/software provider FireEye (FEYE -6.2%), machine data analytics software vendor Splunk (SPLK -7.1%), driver-assistance system vendor Mobileye (MBLY -6.3%), supercomputer makers Cray (CRAY -7.6%) and Silicon Graphics (SGI -7%), audio codec chipmaker Cirrus Logic (CRUS -5.3%), and local services marketplace Angie's List (ANGI -6.3%).
- Others include cloud HR/financials software provider Workday (WDAY -5.6%). enterprise social networking software firm Jive Software (JIVE -5.9%), cloud telematics software provider FleetMatics (FLTX -5.2%), mobile accessory maker Zagg (ZAGG -7.5%), network visibility/monitoring hardware provider Gigamon (GIMO -5.8%), smart grid networking hardware/software provider Silver Spring (SSNI -8.9%), and online travel deals provider Travelzoo (TZOO -6%).
Nov. 3, 2015, 2:23 PM
- Travelzoo (TZOO +8%) is near its highest levels since July (when shares took a major post-earnings swoon) following its Q3 beat.
- Top-line pressures continue: North American revenue fell 10% Y/Y to $20.7M, Europe 3% to $10.3M, and Asia-Pac (recently acquired) 3% to $2.7M. Excluding forex, Europe and Asia-Pac were respectively up 8% and 7%.
- Total members stood at 28M at quarter's end. North American members were flat Q/Q and up 2% Y/Y at 17.2M. European members rose by 200K Q/Q and 7% Y/Y to 7.8M. Asia-Pac members fell 4% Y/Y to 3.4M.
- Cost cuts lifted EPS: Excluding a one-time year-ago gain, GAAP operating expenses fell 12% Y/Y to $28.1M. Travelzoo ended Q3 with $34.6M in cash, and no debt.
- Q3 results, PR
Oct. 5, 2015, 3:14 PM
- The Nasdaq is up 1.5% as equity markets display a renewed appetite for risk, and a large number of tech companies are posting 5%+ gains.
- Major gainers include 3D printer makers 3D Systems (DDD +6.8%), Stratasys (SSYS +7.3%), and ExOne (XONE +10.4%), solar microinverter maker Enphase (ENPH +10.7%) and rival SolarEdge (SEDG +6.1%), car-buying site TrueCar (TRUE +10%), defense IT firm Kratos (KTOS +9.5%), online ad software firm Marin Software (MRIN +8.3%), and CDN owner Limelight (LLNW +8.9%).
- Others: IP licensing firm Acacia (ACTG +7.2%), application delivery controller/security hardware vendor A10 Networks (ATEN +8.3%), travel deal site Travelzoo (TZOO +7.5%), home automation tech provider Control4 (CTRL +8.5%), M2M/telematics hardware and services firm CalAmp (CAMP +6.1%), online video hosting platform Brightcove (BCOV +6%).
- 3D printing stocks, hit hard in 2014 and 2015, are reversing the big losses seen last Tuesday. Travelzoo's gains follow last Thursday's CEO change announcement. CalAmp is now up 24% since beating FQ2 estimates and providing in-line FQ3 guidance on Oct. 1.
- Previously covered: Twitter, Cisco, Rackspace, Micron, SunEdison, Vivint, Juniper, CEVA, Knowles, Yandex/Qiwi
Jul. 16, 2015, 12:46 PM
Jul. 8, 2015, 1:10 PM
- Travelzoo (NASDAQ:TZOO) has gradually rallied today on volume of 115K shares. The 3-month daily average is 189K.
- After the close yesterday, a transaction was disclosed in which chairman Holger Bartel apparently sold 200K shares last Thursday at $10.89 to a trust in the name of his brother, founder and ex-chairman Ralph Bartel. The trust now has 7.43M shares.
Jul. 8, 2015, 12:45 PM
Jun. 30, 2015, 11:47 AM
- Piper's Michael Olson reports checks for online travel trends through May point to a strong Q2 for the industry.
- Priceline (PCLN +2.8%), Expedia (EXPE +2%), Travelzoo (TZOO +3%), HomeAway (AWAY +1.6%), and TripAdvisor (TRIP +0.9%) are outperforming to varying degrees amid a 0.5% gain for the Nasdaq. Aside from Expedia, the group has been pressured by a mixture of forex and company-specific concerns. Piper has a neutral rating on Expedia due to valuation concerns, and Overweight ratings on Priceline, TripAdvisor, and HomeAway.
- Separately, Expedia has named worldwide engineering SVP Aman Bhutani the president of the Brand Expedia Group, which covers Expedia.com, Travelocity, Wotif, and Expedia's JV with AirAsia - CEO Dara Khosrowshahi has been handling the job for over 3 years. GeekWire notes Bhutani has a strong reputation within the company for making data-driven tech decisions and experimenting with product changes.
- Previously: Deutsche downgrades Priceline, cites Airbnb
- Previously: Macquarie: HomeAway is cheap if Airbnb is worth $24B
Apr. 27, 2015, 3:06 PM
- Today's notable tech gainers include online real estate leader Zillow (Z +4.3%), online travel deals platform Travelzoo (TZOO +8%), and gaming IP licensing firm Worlds (OTCQB:WDDD +15.5%).
- Notable decliners include wireless charging tech developer Energous (WATT -9.3%), enterprise mobility management software firm MobileIron (MOBL -9.4%), Chinese mobile game publisher iDreamSky (DSKY -7.1%), and cloud tech support software provider Support.com (SPRT -6.6%). The Nasdaq is down 0.6%.
- Zillow is now up 10% since providing soft full-year guidance on April 14. Travelzoo is up 32% since posting a Q4 beat on April 16.
- Energous is selling off after filing a $75M mixed shelf following Friday's close. MobileIron is down 34% since issuing a Q1 warning last Wednesday. iDreamSky is missing out on a Chinese tech rally.
- Previously covered: Applied Materials, Aerohive, Taser, Oclaro, JD.com, Sky-mobi, 3D Systems/Stratasys
Apr. 17, 2015, 3:07 PM
- With the Nasdaq off 1.7% amid a broader market selloff, many tech companies are posting outsized losses, and only a few (excluding microcaps) are posting 2%+ gains.
- Notable decliners include Russian online payments leader Qiwi (QIWI -7.8%), Chinese solar firms JinkoSolar (JKS -5.3%), ReneSola (SOL -8.4%), Trina (TSL -5.1%), and Yingli (YGE -5.2%), Chinese online real estate play Leju (LEJU -7.8%), analog/mixed-signal chipmakers ON Semi (ONNN -5.3%) and InPhi (IPHI -4.7%), enterprise flash storage vendor Violin Memory (VMEM -5.2%), online travel deals platform Travelzoo (TZOO -6.4%), and smart grid hardware/software vendor Silver Spring (SSNI -4.6%).
- Profit-taking appears to be a big culprit in many instances. Qiwi (like other Russian firms) had rallied strongly in recent weeks thanks to the ruble and oil's rallies. Chinese solars have also been early-2015 standouts, and so have ON Semi and Silver Spring; the latter has recently announced deals (I, II) with Paris' street light/traffic control operator and Australian energy firm AusNet. Travelzoo is returning a chunk of yesterday's big post-earnings gains.
- Previously covered: AMD, ServiceNow, cloud/analytics stocks, Etsy, Wayfair
- Notable gainers: Seagate, 58.com, ZBB Energy
Apr. 16, 2015, 12:45 PM
Apr. 16, 2015, 11:47 AM
- "In spite of the strong dollar we achieved a sequential 16% increase in revenue over the previous quarter," notes Travelzoo (NASDAQ:TZOO) CEO Chris Loughlin. He adds more new members were added than in any quarter in the prior 3 years.
- On a Y/Y basis, the travel deals provider's numbers were still soft: North American revenue -6% Y/Y to $24.7M; European revenue -15% to $11.8M (-7% in local currency). Unduplicated total members rose by 300K Q/Q to 24.5M. North American members stood at 17.2M, and European members at 7.5M (rounded up?).
- GAAP operating expenses were nearly flat Y/Y at $28.5M (compares with a 9% revenue drop) - sales/marketing spend totaled $18M, and G&A $10.5M. Travelzoo ended Q1 with $54M in cash (30% of its current market cap), and no debt.
- Shares reacted very differently to the company's January Q4 report.
- Q1 results, PR
Apr. 16, 2015, 9:12 AM
Apr. 16, 2015, 8:02 AM
- Travelzoo (NASDAQ:TZOO): Q1 EPS of $0.13 beats by $0.05.
- Revenue of $36.49M (-9.2% Y/Y) beats by $1.72M.
- Shares +4.09% PM.
Feb. 12, 2015, 1:35 PM
- Liberty TripAdvisor (LTRPA +27.7%), a holding company containing a 22% stake in TripAdvisor (and 57% of the company's voting rights), has naturally joined TripAdvisor's regular shares in soaring after the travel reviews/search site posted mixed Q4 results and offered above-consensus 2015 guidance amid a backdrop of low expectations.
- Travelzoo (TZOO +8%), meanwhile, appears to be getting a lift from both TripAdvisor's numbers and Expedia's $1.6B deal to acquire Orbitz. The travel deals provider is less than a month removed from plunging to new 6-year lows on account of a Q4 miss.
Jan. 22, 2015, 12:45 PM
Travelzoo, Inc. operates as a global internet media company which provides information to subscribers and website users about the best travel, entertainment and local deals available from thousands of companies. Its publications and products include the travelzoo websites, the travelzoo Top 20... More
Industry: Internet Information Providers
Country: United States
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