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ChannelAdvisor Integrates with Alibaba Group’s Tmall.com Platform, Opens New Cross-Border Trade RouteBusiness Wire (Tue, 7:00PM)
ChannelAdvisor Integrates with Alibaba Group’s Tmall.com Platform, Opens New Cross-Border Trade RouteBusiness Wire (Tue, 6:59AM)
Business Wire (Mar 4, 2014)
Business Wire (Feb 27, 2014)
Business Wire (Feb 26, 2014)
Business Wire (Feb 26, 2014)
NetSuite and Newegg Claim Top Sponsorships of 2014 Catalyst Americas Conference in Las Vegas, March 10-12Business Wire (Feb 20, 2014)
Catalyst Americas Attendees Will Gain Powerful Insight into Predictive Analytics for Online Retail, March 10-12Business Wire (Feb 18, 2014)
Amazon and Google to Present Keynote Sessions at ChannelAdvisor’s 2014 Catalyst Americas Conference, March 10-12Business Wire (Feb 12, 2014)
Business Wire (Feb 6, 2014)
Business Wire (Feb 3, 2014)
Business Wire (Jan 31, 2014)
ChannelAdvisor Announces Date of Fourth Quarter and Full Year 2013 Financial Results, Conference Call and WebcastBusiness Wire (Jan 17, 2014)
Business Wire (Jan 15, 2014)
Business Wire (Jan 14, 2014)
at CNBC.com (Dec 26, 2013)
at CNBC.com (Oct 22, 2013)
at CNBC.com (Aug 6, 2013)
at CNBC.com (Jul 30, 2013)
at CNBC.com (Jul 16, 2013)
ECOM vs. ETF Alternatives
Thursday, Mar 137:16 PM
Thursday, Mar 137:16 PM| 1 Comment
- ChannelAdvisor (ECOM) clients saw a 23% Y/Y increase in their Amazon (AMZN) same-store sales in February. That's up from January's 14% clip, albeit down from the growth seen over much of 2013. ChannelAdvisor thinks improving weather contributed to the M/M growth pickup.
- Clients saw a 15% EBAY same-store sales increase, up from 12.7% in January. Auctions fell 8.5% Y/Y, but fixed-price and Motors sales respectively rose 15.5% and 22.3%.
- Search ad-driven same-store sales, dominated by traffic from Google (GOOG) AdWords placements, rose only 4.3%, down from January's 10.3%. Clicks fell 9% and cost per click (pressured by lower smartphone ad prices) 7%, while click rates rose 4%.
- On the other hand, same-store sales driven by Google's increasingly popular product listing ads (PLAs) rose 48% Y/Y. That figure is down from January's 62.8%, but it's worth noting PLAs were only launched in late 2012. Average order value fell 8%, but click rates rose 17%.
- AMZN +0.9% AH. Shares managed to buck a market selloff in regular trading on account of the company's Prime price hike.
Wednesday, Mar 1212:24 PM
Wednesday, Mar 1212:24 PM| 10 Comments
- The National Retail Federation calls on Congress to pass legislation that would require online and remote sellers to collect local and state taxes.
- Top NRF exec David French told a House committee that out-of-state sellers sometimes have a 10% price and market advantage over brick-and-mortar local merchants.
- The Senate already passed legislation that would give each state the right to require sales tax collection, but legal battles have gone both ways. In Illinois, the State Supreme Court invalidated an online tax law.
- Related stocks: AMZN, OSTK, NILE, SALE, ECOM, EBAY.
Thursday, Feb 279:42 AM
Thursday, Feb 279:42 AM| 13 Comments
- First Solar (FSLR +5.8%) has been upgraded to Outperform by Baird a day after diving due to a Q4 miss and soft Q1 guidance.
- Cypress Semi (CY -5.3%) has been cut to Sector Perform by Pac Crest.
- Tibco (TIBX +2.2%) and Manhattan Associates (MANH +1.1%) have been started at Buy by B. Riley as part of a broader enterprise software coverage launch.
- Care.com (CRCM +5.8%) has been upgraded to Overweight by JPMorgan after selling off yesterday in response to its Q4 results.
- ChannelAdvisor (ECOM +2.9%) has been started at Outperform by William Blair.
- Radware (RDWR +2.3%) has been started at Outperform by Wedbush.
Tuesday, Feb 251:14 PM
Tuesday, Feb 251:14 PM| 1 Comment
- Zulily (ZU +39.9%) is turning in a memorable day after trouncing Q4 estimates and issuing strong Q1/2014 guidance. Shares of the apparel flash sales site are now up nearly 3x from a November IPO price of $22.
- Daily deals leader Groupon (GRPN +7.4%), clobbered last week following its Q4 report, is following Zulily higher. E-commerce marketing services providers RetailMeNot (SALE +2.2%) and ChannelAdvisor (ECOM +2.5%) are also posting decent gains.
- RBC (Outperform) has hiked its Zulily PT to $50 from $40 - if shares hold onto their gains, another hike will be needed for RBC to keep its rating. The firm is happy with Zulily's 568K Q4 active customer adds and 6.9% EBITDA margin (+320 bps Y/Y due to marketing/SG&A leverage), though it also notes gross margin (26.6%) was slightly below a 27.4% consensus.
- Zulily mentioned on its CC (transcript) 45% of its Q4 North American orders came via mobile devices, up from 31% a year ago. The company also spent considerable time talking up its efforts to diversify - it now supports 300 merchants, and offers over 4.5K new products each day.
Thursday, Feb 64:11 PM|Thursday, Feb 64:11 PM| Comment!
Thursday, Feb 612:10 AM|Thursday, Feb 612:10 AM| 4 Comments
Wednesday, Feb 55:35 PM|Wednesday, Feb 55:35 PM| 2 Comments
Thursday, Jan 165:35 PM
Tuesday, Jan 149:47 AM
Tuesday, Jan 149:47 AM| 24 Comments
- Intel (INTC +2.2%) has been upgraded to Overweight by JPMorgan ahead of Thursday's Q4 report.
- Facebook (FB +1.1%) and Yelp (YELP +1.7%) have been started at Outperform by FBN as part of an Internet sector coverage launch. Facebook reports on Jan. 29.
- Nokia (NOK -1.1%) has been cut to Underperform by Raymond James. Q4 results arrive on Jan. 23.
- Juniper (JNPR -0.6%) has been upgraded to Outperform by Oppenheimer a day after Elliott Management disclosed a 6.2% stake and called for big changes.
- SAP (SAP -0.7%) has been cut to Underweight by Santander four days after releasing preliminary Q4 results. Pac Crest downgraded shares yesterday, albeit to little effect.
- Brocade (BRCD +2.5%) and VeriFone (PAY +4%) have been upgraded to Overweight by JPMorgan.
- Jabil (JBL +5.1%) has been upgraded to Conviction Buy by Goldman. Shares cratered last month after the company provided disappointing guidance.
- ON Semi (ONNN +2.2%) has been upgraded to Outperform by Credit Suisse.
- Logitech (LOGI +2.8%) has been upgraded to Buy by Goldman.
- ChannelAdvisor (ECOM -5.5%) and Demandware (DWRE -2.1%) have been cut to Neutral by Goldman. Though offering different products/services, both companies cater to e-commerce firms.
- TripAdvisor (TRIP -2%) has been cut to Hold by Wunderlich.
- Mellanox (MLNX +3.5%) has been started at Outperform by Macquarie.
Friday, Dec 62013, 2:49 PM
Friday, Dec 62013, 2:49 PM| Comment!
- Shares of ChannelAdvisor (ECOM +6.4%) move up, potentially on a bullish note from Stifel Nicolaus that reiterates a Buy rating and raises the firm's PT to $42 from $38.
- Analyst Brad Reback noted that although ChannelAdvisor's Nov. same-store sales results appear to indicate meaningful deceleration at a cursory level, "most of this is just optical and due to a shifting in the holiday season ... if ECOM's results are adjusted for ... timing issues ... the trends are very strong ... SSS on Amazon increased 37.1% and SSS on eBay accelerated to 23.3%."
- Given this, and Reback's belief that Dec. results will be "very strong," the analyst is confident ECOM is positioned to exceed his Q4 revenue forecast of $19.8M (consensus is a tad higher, at $19.83M).
Monday, Nov 252013, 10:40 AM
Monday, Nov 252013, 10:40 AM| 7 Comments
- Janney thinks Cyber Monday same-store sales growth for eBay (EBAY -3.6%) merchants could be in the mid-to-high single-digit range. That would be notable worse than the same-store sales growth ChannelAdvisor (ECOM -2%) has been reporting for its clients' eBay sales.
- eBay missed Q3 revenue estimates and issued weaker-than-expected Q4 guidance last month, and largely blamed it on U.S. e-commerce softness. But the company later backtracked a bit on its remarks.
- Fears have been running high that eBay's Marketplaces ops are once more losing share to Amazon, which beat its Q3 revenue estimates and offered relatively healthy Q4 top-line guidance.
Monday, Nov 112013, 11:35 AM
Monday, Nov 112013, 11:35 AM| 1 Comment
- comScore estimates U.S. PC e-commerce sales rose 13% Y/Y in Q3 to $47.5B. That's down from Q2's 16% clip, and matches Q1 2013 for the slowest pace seen in the last two years.
- But the firm also believes U.S. mobile e-commerce sales rose 26% to $5.8B. That's a pickup from Q2's 24% clip, and gives mobile an 11% share of total U.S. e-commerce spend. comScore thinks mobile sales will be near $9B (+25% Y/Y) in seasonally strong Q4, and have "an outside shot of hitting $10 billion." 62% of Q3 mobile spending is believed to have come from smartphones, and 38% from tablets.
- Recent industry commentary has been mixed. eBay (EBAY -0.4%) provided light Q4 guidance while stating U.S. e-commerce growth was slowing, but the company partly backtracked on its comments. Groupon (GRPN -2.8%) partly blamed its Q3 revenue miss on seasonal weakness, but is optimistic about holiday season demand. Amazon (AMZN +0.7%), which has been gaining U.S. e-commerce share for some time (Q3 North American sales +31% Y/Y), has been fairly upbeat.
- Other firms with strong U.S. e-commerce exposure: OSTK, ECOM, SALE, NILE, FUEL.
Wednesday, Nov 62013, 9:15 AM
Wednesday, Nov 62013, 9:15 AM| Comment!
- Top 10 Gainers: MSPD +69%. MCHX +22%. REGI +14%. BCOR +12%. OXBT +10%. AXAS +10%. MYGN +9%. YRCW +7%. VRNG +7%. ANV +7%. AU +6%. ABIO +6%. Z +6%. OPEN +5%. RMTI +5%. NQ +5%. ECOM +5%.
- Top 10 Losers: STP -41%. CRIS -18%. TSLA -13%. MELI -11%. TNGO -10%. SZYM -10%. NAVB -7%. CYTX -7%. ANF -7%. CTRP -6%.
Tuesday, Oct 292013, 2:37 PM
Tuesday, Oct 292013, 2:37 PM| Comment!
- Shares of ChannelAdvisor (ECOM -0.9%) are rallying after having tumbled as much as 14% earlier in the day following Q3 results.
- Although ECOM beat expectations in Q3, Q4 guidance for revenue of $19.6M-$20M (consensus of $19.7M) and EPS of -$0.31 to -$0.27 (-$0.23) was not initially well received by investors.
- The company also filed a registration for a 5M share follow-on, with 1M shares to be sold by the company and 4M by shareholders. (S-1)
- PR, conference call
Monday, Oct 282013, 5:52 PM
Monday, Oct 282013, 4:11 PM