Seeking Alpha

Geeknet, Inc. (GKNT)

  • Feb. 21, 2014, 12:45 PM
  • Nov. 12, 2012, 11:11 AM
    J2 Global (JCOM +2.7%) has acquired Ziff Davis, owner of, ExtremeTech,, and other tech-oriented Web properties, for $167M in cash. The purchase is slightly off the beaten path for J2, a provider of hosted communications services, but the company notes it's both a major buyer of ads, and a seller via ad-supported sites such as eFax Free. Buying Ziff-Davis puts J2 into competition with GeekNet (GKNT -1.5%). J2 recently made an offer to buy cloud backup services firm Carbonite.
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  • Feb. 14, 2012, 12:19 PM
    Geeknet (GKNT -10.3%), owner of Slashdot and other tech enthusiast sites, is off sharply after reporting Q4 revenue of $59.8M (+20% Y/Y) and EPS of $0.95 ($0.75 in year-ago period). A 23% Y/Y increase in e-commerce revenue, largely from the company's ThinkGeek site, helped fuel growth.
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Company Description
Geeknet Inc through its subsidiary, sells collectibles, apparel, gadgets, electronics, toys and other retail products for technology enthusiasts and general consumers through its website.