Tue, Mar. 31, 3:11 PM
- Only a handful of tech companies are posting outsized gains or losses amid a 0.6% drop for the Nasdaq.
- Notable gainers include three Chinese firms: CDN owner ChinaCache (CCIH +18.8%), online classifieds provider 58.com (WUBA +7.1%), and online retailer LightInTheBox (LITB +5.9%). Others include hybrid storage array upstart Nimble Storage (NMBL +4.7%), distributed power system/software provider PowerSecure (POWR +5.8%), and 3D measurement/imaging hardware provider FARO Technologies (FARO +4%).
- Notable decliners include supercomputer maker Cray (CRAY -4.1%), data management software vendor Varonis (VRNS -3.9%), and local services marketplace Angie's List (ANGI -5.6%).
- ChinaCache is up 34% since posting Q4 results on Thursday afternoon. 58.com is up 14% from Wednesday's close. Nimble is a day removed from putting to rest a fraud/trade secret dispute with rival NetApp. Angie's List is down 7% over the last two days, following the launch of Amazon's Home Services platform.
- Oppenheimer's Holden Lewis recently called FARO his top pick, citing the growth potential of its laser scanner line. Today, FARO announced a new software product for Autodesk's Revit building information modeling software.
- Previously covered: Infinera, Elephant Talk, Dangdang, CyberArk, Zagg, MaxPoint, Spherix, 2U, SouFun/E-House/Leju
Mon, Mar. 16, 3:19 PM
- Though the Nasdaq is up 1.1%, major tech decliners are roughly on par with major gainers today.
- Notable gainers include telecom equipment vendor Ciena (CIEN +3.9%), data center owner CyrusOne (CONE +4.6%), optical component maker NeoPhotonics (NPTN +6.1%), software outsourcing firm Luxoft (LXFT +7.7%), supply chain software vendor Manhattan Associates (MANH +4.2%), and Chinese game developer NetEase (NTES +3.7%).
- Notable decliners include leading Chinese online video platform Youku (YOKU -4%), 4G router/M2M module maker Novatel (MIFI -5.5%), security hardware/software vendor KEYW Holding (KEYW -5.3%), Chinese online retailer LightInTheBox (LITB -8.7%), Chinese online real estate plays E-House (EJ -4.7%) and Leju (LEJU -5.3%), seismic tech provider Geospace (GEOS -7.5%), and U.S. solar installer Vivint (VSLR -4.3%).
- CyrusOne, Luxoft, and Manhattan Associates are making new 52-week highs. Geospace's decline comes as crude oil falls to fresh 6-year lows. The Chinese decliners are failing to get a boost from pro-stimulus remarks from premier Li Keqiang (they've lifted many other Chinese names).
- Previously covered: Xilinx, Neonode, MoSys, Superconductor Technologies, Himax, Alibaba, Avago, Qorvo, King Digital, iDreamSky, MicroVision
Mon, Mar. 9, 3:00 PM
- Though LightInTheBox (NYSE:LITB) beat Q4 estimates, it's guiding for Q1 revenue of $89M-$91M (+9%-12% Y/Y), well below a $114.9M consensus. With 75% of revenue coming from non-U.S. dollar markets (primarily Europe/South America), forex is a major headwind.
- Orders rose 53.9% Y/Y in Q4 to 3.1M, and customers 45.7% to 2.3M. 44.2% of revenue was from repeat customers and 29.7% via, respectively up from 41.1% and 26.5% a year ago.
- Thanks to a 430 bps forex hit, gross margin fell 390 bps Y/Y to 35.2%. Operating expenses rose 30.4% Y/Y to $48.1M (compares with 42.4% revenue growth), and $5.3M was spent on buybacks.
- Q4 results, PR
Mon, Mar. 9, 6:35 AM
Sun, Mar. 8, 5:30 PM
Fri, Mar. 6, 2:54 PM
- With the Nasdaq down 1.1%, major tech decliners are outpacing major gainers by a sound margin.
- Notable gainers include gaming headset maker Turtle Beach (HEAR +6.8%), Chinese data center owner 21Vianet (VNET +3.6%), wireless charging tech developer Energous (WATT +2.7%), Chinese online retailer LightInTheBox (LITB +5.6%), and solar microinverter maker Enphase (ENPH +5.9%).
- Notable decliners include ultracapacitor maker Maxwell (MXWL -6.6%), healthcare IT giant Cerner (CERN -3.8%), enterprise storage hardware vendor Quantum (QTM -6%), cloud SMB marketing software vendor Constant Contact (CTCT -4.6%), 3D measurement/imaging system maker FARO Technologies (FARO -5.4%), PC/mobile peripherals giant Logitech (LOGI -4.6%), and cloud security/compliance software vendor Qualys (QLYS -4.2%).
- Energous is up 12% over the last two trading days; its Q4 report arrives on Monday afternoon. Maxwell was up sharply yesterday on an insider buy. Cerner closed yesterday near an all-time high of $73.24.
- Previously covered: YY, Finisar/JDS Uniphase, Violin Memory, Crossroads, Skullcandy, Neustar, Synacor, CyberArk, Autohome/Bitauto, Wave Systems
Wed, Feb. 18, 2:59 PM
- Today's notable tech gainers include smart grid hardware/software provider Silver Spring (SSNI +8.9%), SMB Web services provider Web.com (WWWW +4.1%), cybersecurity software firm CyberArk (CYBR +7%), Chinese online retailers JD.com (JD +3.5%) and LightInTheBox (LITB +4.5%), cloud life sciences software firm Veeva (VEEV +4.3%), online money transfer provider Xoom (XOOM +3.7%), and video infrastructure hardware vendor Concurrent (CCUR +3.8%).
- Notable decliners include Russian online payments leader Qiwi (QIWI -6.5%), supercomputer maker SGI (SGI -3.7%), analog/mixed-signal chipmaker MagnaChip (MX -4.6%), and cloud marketing software provider Marketo (MKTO -3.3%). The Nasdaq is close to breakeven.
- JD.com and LightInTheBox are adding to the Tuesday gains they saw following Vipshop's big Q4 beat. MagnaChip is adding to the huge losses seen last Friday after its Q1-Q3 2014 results were finally posted. Marketo is adding to last week's post-earnings losses. CyberArk is now up 74% from its Feb. 9 close, thanks to a big Q4 beat and broader cybersecurity enthusiasm.
- Previously covered: Angie's List, GoPro, Zillow, Garmin, Qihoo, Sonus, VirnetX, Yandex, Bitauto, Cavium
Tue, Feb. 17, 2:46 PM
- Vipshop (VIPS +14.4%) has surged to new 52-week highs after trouncing Q4 revenue estimates (and posting a more moderate EPS beat) and guiding for Q1 revenue of $1.25B-$1.3B (above a consensus of $1.22B and good for 78%-85% Y/Y growth). Given the company's history, the guidance might be conservative.
- Vipshop's active customers rose 114.2% Y/Y in Q4 to 12.2M, and its orders rose 99.6% to 35.3M. Mobile made up a whopping 66% of GMV, up from Q3's 57% and above Alibaba's 42%.
- Gross margin rose 40 bps Y/Y to 24.9%, and operating expenses grew 115% to $287.5M (exceeded revenue growth of 108.9%). Fulfillment spend +73.9%; marketing +135.5%; tech/content +168.9%; G&A +209.2%.
- Chinese e-commerce peers JD.com (JD +2.4%), Dangdang (DANG +5.8%), and LightInTheBox (LITB +3.4%) are following Vipshop higher. Vipshop and JD.com have both argued their internal logistics/fulfillment investments give them an edge over many of the sellers relying on Alibaba's platforms.
Nov. 19, 2014, 11:10 AM
- After opening higher in the wake of its Q3 report, LightInTheBox (LITB -1.7%) has sold off. The decline comes even though the Chinese online retailer beat revenue estimates (EPS was in-line) and guided for Q4 revenue of $109M-$111M, above a $103M consensus.
- As was the case following the Q2 report, margin concerns appear to be weighing on shares. Due to product mix shifts, aggressive pricing, and a stronger dollar, gross margin fell to 37% in Q3 from 41.3% in Q2 and 43.9% a year ago.
- Opex rose 32.7% Y/Y to $43.8M, slower than revenue growth of 45.3%. Fulfillment spend totaled $5.9M, sales/marketing spend $25.6M, and G&A spend $12.3M.
- Orders rose 57.1% Y/Y to 2.5M, and total customers 53.9% to 1.9M. Mobile accounted for 26.5% of revenue.
- Q3 results, PR
Nov. 19, 2014, 9:14 AM
Nov. 19, 2014, 6:13 AM
Nov. 18, 2014, 5:30 PM
Nov. 12, 2014, 11:54 AM
- A day after Alibaba reported its Singles Day GMV surpassed $9B, top rival JD.com (JD +5.6%) has announced it handled over 14M orders on Singles Day (over 40% via mobile), and that its GMV more than doubled Y/Y.
- Altogether, JD.com sold 35.2M items. Apparel orders (+250% Y/Y) were especially strong.
- Meanwhile, LightInTheBox (LITB +1.9%), which gets most of its orders from non-Chinese buyers, reports its Singles Day sales rose 50% Y/Y to $1.9M. Orders rose 70% to more than 43.5K.
Nov. 11, 2014, 9:17 AM
Nov. 10, 2014, 11:15 AM
- Baidu's (BIDU +2.5%) Dianxin mobile app unit is partnering with Chinese online retailer LightInTheBox (LITB +10.6%) to globally promote and distribute LightInTheBox's apps.
- Dianxin's apps, which include Android utility apps such as DU Battery Saver and DU Speed Booster, have been downloaded by 350M Chinese and nearly 200M non-Chinese users.
- LightInTheBox, which is up sharply on the news, receives the lion's share of its revenue from non-Chinese buyers. Baidu has increasingly been butting heads with Alibaba, whose marketplaces handle plenty of sales between Chinese merchant and overseas customers.
Sep. 26, 2014, 10:03 AM
- LightInTheBox (NYSE:LITB) now expects Q3 revenue of $94M-$96M (+38%-41% Y/Y), up from prior guidance of $92M-$94M and a $93.7M consensus.
- With shares down 30% YTD going into today, the guidance hike is being very well-received. They fell in August following LITB's Q2 report, as margin declines overshadowed strong top-line numbers.
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