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RetailMeNot, Inc. (SALE)

  • Wed, May 6, 10:49 AM
    • RetailMeNot (NASDAQ:SALE) has launched a partnership with mobile marketer Swirl Networks to bring more in-store location-based deals to RetailMeNot users.
    • Swirl specializes in low-energy Bluetooth beacons in stores that can beam promotions and sales to smartphones in the vicinity. The company recently received a strategic investment from Twitter via an $18M growth investment round.
    • RetailMeNot users who opt in would be eligible to receive the offers, which are targeted to as granular a level as where shoppers are in a store and how long they may have lingered at a particular display.
    • SALE shares are down 5.2% as the company's yielding to some profit-taking after gaining 16.7% yesterday following a strong Q1 earnings beat.
  • Tue, May 5, 12:46 PM
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  • Tue, May 5, 9:56 AM
    • RetailMeNot (NASDAQ:SALE) charged out of the market open, now up 15.6%, following its Q1 beat on top and bottom lines.
    • Revenues slipped slightly from the prior year but came in ahead of expectations. EBITDA of $18.7M beat an expected $15.4M.
    • Mobile online transaction net revenues (9% of total) were up 137% to $5.6M and advertising and in-store revenues (13% of total) were up 100% to $7.7M, partly making up for desktop online transactions (78% of total), which slipped 14% to $47.1M.
    • Monthly mobile unique visitors grew 55% to 18.4M. Total visits were up 16% to 179.9M.
    • The company's Q2 guidance is on the light side of expectations (net revenues of $55M-$58M vs. $58.6M expected, and EBITDA of $12M-$14M vs. $15.4M expected) and it reiterates full-year guidance of revenues of $275M-$285M and EBITDA of $92M-$100M, both in line with expectations.
    • Press Release
  • Tue, May 5, 6:05 AM
    • RetailMeNot (NASDAQ:SALE): Q1 EPS of $0.20 beats by $0.06.
    • Revenue of $60.38M (-1.5% Y/Y) beats by $1.69M.
    • Press Release
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  • Mon, May 4, 5:30 PM
  • Tue, Apr. 21, 3:27 PM
    • Today's notable tech gainers include Chinese online retailer Vipshop (VIPS +4.9%), European chipmaker STMicroelectronics (STM +5.1%), IP risk-protection services firm RPX (RPXC +4.1%), Wi-Fi hardware maker Aerohive (HIVE +4.8%), Indian ISP/data services firm Sify (SIFY +5.2%), and software outsourcing firm Luxoft (LXFT +3.9%). The Nasdaq is up 0.5%.
    • Notable decliners include 3 e-commerce-focused firms: Online women's/children's apparel seller Zulily (ZU -6.5%) e-commerce listing/monetization service provider ChannelAdvisor (ECOM -5.1%), and online coupon/promo code provider RetailMeNot (SALE -3.9%). Also off is ultracapacitor maker Maxwell (MXWL -6.1%).
    • Vipshop is once more near a high of $30.59. STMicro is closing in on a 52-week high of $10.00 ahead of its April 30 Q1 report. Possible helping Aerohive: The company has launched a new channel partner program and hired Riverbed/EMC vet Johnna Bowley to run it.
    • Maxwell is once more within a dollar of a 52-week low of $6.29; its Q1 report is due on Thursday. Zulily is slightly more than a dollar above a post-IPO low of $12.34. ChannelAdvisor reports on May 4, and RetailMeNot on May 5.
    • Previously covered: Cybersecurity stocks, chip equipment stocks, 3D Systems/Stratasys, ARM, ServiceSource, Ultra Clean,, Tremor Video, Voltari, Rambus, Sanmina
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  • Thu, Apr. 9, 7:57 AM
    • "A 4/8 research note from Wunderlich extols the benefits of greater mobile device usage as it relates to RetailMeNot (NASDAQ:SALE). We beg to disagree," Forward View writes in a note this morning.
    • Firm notes that SALE earns just $0.22 per mobile web visit, half of its desktop rate.
    • "As long as 25% of attribution is lost because RetailMeNot cookies don't work on mobile devices, the increasing use of smartphones and phablets won't boost the stock. Trading high-margin desktop visits for low-margin mobile activity is a negative."
    • Subscribers to Forward View Elite can read the full note here.
  • Wed, Apr. 8, 11:20 AM
    • Adoption of mobile commerce is set to be a boon for RetailMeNot (SALE -1.9%), according to a new report from Wunderlich's Blake Harper.
    • Acceleration of mobile buying should help improve the company's monetization rate, to 25%-30% this year vs. last year's 20% -- "the single most critical factor for the stock," Harper says.
    • Revenues should benefit as conversion levels increase and "cross-device transactions" (where a consumer browses on a phone but finishes a transaction on the desktop) decline, and as more retailers take up in-store mobile promotions.
    • Wunderlich maintains a Buy rating on RetailMeNot. It had lowered its price target on the stock in February, to $28 from a previous $32. Shares are trading at $17.46.
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  • Tue, Mar. 10, 3:10 PM
    • With the Nasdaq down 1.4%, a long list of tech names are posting major declines. Meanwhile, only a handful of tech companies are up more than 2%.
    • Notable decliners include hard drive giant Seagate (STX -4.4%), VoIP service/app provider magicJack (CALL -5.6%), telecom equipment maker Comtech (CMTL -8.8%), flash controller IC vendor Silicon Motion (SIMO -5.2%), Wi-Fi hardware vendor Ruckus (RKUS -8.7%), online ad retargeting platform Criteo (CRTO -5.1%), haptic tech developer Immersion (IMMR -6.4%), supercomputer maker Cray (CRAY -4.6%), online coupon code provider RetailMeNot (SALE -5.5%), and solar plays JinkoSolar (JKS -5.6%), Daqo (DQ -9.8%), and Enphase (ENPH -8.9%).
    • Immersion has more than given back the Monday gains it saw after Apple, which relies on a proprietary haptic solution that some think infringes on Immersion's IP, unveiled a 12" retina MacBook with a pressure-sensitive trackpad. Solar stocks are reversing course after rallying in recent weeks with the help of good earnings news and YieldCo hopes.
    • Previously covered: Cybersecurity stocks, Canadian Solar/ReneSola, Qihoo, Electronic Arts
    • Notable gainers: Nvidia, MicroVision, Energous, Weibo
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  • Tue, Feb. 24, 7:49 PM
    • RetailMeNot (NASDAQ:SALE) finished up 1.7% today as analysts at BWS Financial initiated coverage with a Buy rating.
    • The firm set a price target of $26. RetailMeNot closed the day at $17.61.
    • Analyst ratings on the stock are generally evenly divided between Buy and Hold. After RetailMeNot's Feb. 10 earnings release, William Blair reiterated its Outperform rating, while RBC Capital reiterated its Sector Perform (with a $17 target).
    • Wunderlich holds a Buy rating but lowered its target to $28.
    • Related: RetailMeNot's Growth Has Disappeared (Feb. 11 2015)
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  • Tue, Feb. 10, 9:16 AM
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  • Tue, Feb. 10, 8:21 AM
    • RetailMeNot (NASDAQ:SALE) beat earnings expectations this morning with Q4 earnings results, but light guidance has the stock trading off 7.6% in premarket action.
    • Net income (non-GAAP) of $23.6M ($0.43) was 15% higher than the prior year. Adjusted EBITDA of $36.1M was up 17% and made for 41% of total net revenues.
    • The company guided for $57M-60M in revenues in fiscal Q1 -- somewhat lower than an expected $67.5M -- and guided adjusted EBITDA to $14M-16M vs. an expected $21.5M. "Our outlook reflects a continued consumer preference for mobile devices as the majority of visit growth is coming from acceleration in lower monetizing mobile visits."
    • For full 2015, the company guided to revenues of $275M-285M vs. $305M expected, and adjusted EBITDA of $92M-100M vs. an expected $104M.
    • Total visits were up 23%, to 226.2M. Monthly mobile unique visitors grew 78%, to 21.2M.
    • The company has authorized $100M in repurchases.
    • Peer (NYSE:COUP) also provided light guidance in last night's earnings and is down 32% premarket today.
    • Press Release
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  • Tue, Feb. 10, 6:03 AM
    • RetailMeNot (NASDAQ:SALE): Q4 EPS of $0.43 beats by $0.11.
    • Revenue of $87.4M (+11.3% Y/Y) beats by $1.3M.
    • Press Release
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  • Mon, Feb. 9, 6:26 PM
    • RetailMeNot (NASDAQ:SALE) is trading -4.7% after hours, possibly in sympathy with a plummeting, ahead of tomorrow's earnings report.
    • RetailMeNot is expected to earn $0.32/share ($0.21 in GAAP terms) on $86.1M in revenues for Q4. EBITDA is expected to come in at $33.97M.
    • With (COUP -27.3%) tanking in late trading today, it's interesting to take another look at Paulo Santos' January thesis for a couponing pairs trade: long RetailMeNot, short, in part based on GAAP profitability.
    • Eric Przybylski notes that RetailmeNot seems to have recovered from an algorithm change at Google must more quickly than the stock has.
    • Previously: plunges after revenue miss, low guidance (Feb. 09 2015)
  • Mon, Feb. 9, 5:30 PM
  • Mon, Feb. 2, 2:50 PM
    • Tech companies posting major gains today include fiber access equipment vendor Zhone (ZHNE +5.3%), wireless charging tech developer Energous (WATT +4.6%), 4G infrastructure software vendor Mavenir (MVNR +5.8%), online content provider Demand Media (DMD +6.2%), and online health insurance seller eHealth (EHTH +3.9%).
    • Major tech decliners include several Chinese Internet names. Specifically, online retailers Vipshop (VIPS -4.9%) and Dangdang (DANG -4.1%), auto site Bitauto (BITA -6.4%), mobile game publisher Sky-Mobi (MOBI -4%), and social media/gaming platform YY (YY -6.3%).
    • Other notable decliners include cybersecurity hardware firm KEYW (KEYW -4.9%), telecom/ARM server chipmaker AppliedMicro (AMCC -10.1%), specialty foundry TowerJazz (TSEM -4.7%), cloud healthcare software firm Castlight (CSLT -4.1%), cloud marketing software firm Marketo (MKTO -4.5%), online coupon code platform RetailMeNot (SALE -4.7%), optical component vendor NeoPhotonics (NPTN -6%), and supply chain software firm Manhattan Associates (MANH -5.1%). The Nasdaq is down 0.3%.
    • Previously: Solar stocks jump amid oil/energy stock rally
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Company Description
RetailMeNot Inc is a digital coupon marketplace that connects consumers with retailers and brands. Itsmarketplace featured digital offers from over 70,000 retailers and brands.
Sector: Services
Country: United States