Stamps.com (STMP) finished FY ’18 with a flourish, comfortably exceeding our estimates and consensus top to bottom. The feeling of awe quickly gave way to shock, however, as management’s FY ’19 guidance reflected expectations for a revenue decline along with adjusted EBITDA at roughly half the levels we were projecting.
Read MoreStamps.com (STMP) reports Q4 ’18 results on Thursday, February 21, after the market closes.
Read MoreAnother week, another big acquisition. Following last week’s announced take-private of Ultimate Software (ULTI), this week saw the sale of Ellie Mae (ELLI) to Thoma Bravo for an equity value of $3.7B, representing TTM EV/Sales and EV/EBITDA multiples of 6.9x and 27.2x, respectively.
Read MoreThe USPS reported its fiscal first quarter 2019 results this past Friday, February 8, 2019. Most notably, Shipping and Packages revenue increased 8.7% Y/Y on volume growth of 5.4%.
Read MoreThis past week started with a bang as long-time stalwart Ultimate Software (ULTI) announced its sale to a group of private equity firms led by Hellman & Friedman for $331.50 per share in cash.
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