Stamps.com (STMP) delivered Q2 ’19 results ahead of expectations. Underlying the strong performance was the highest number of gross customer additions in recent memory, robust growth in Global Advantage Program revenues, and a modest reacceleration in customer postage printed.
Read MoreStamps.com (STMP) reports Q2 ’19 results on Wednesday, August 7. Our revenue, adjusted EBITDA, and non-GAAP EPS estimates sit above consensus, and we remain comfortable with our projections.
Read MoreIt was a busy week in software with several tuck-in acquisitions announced, a deluge of earnings to digest, and some notable executive changes. On the M&A front, Avalara (AVLR) acquired Portway International, a provider of Harmonized System classifications and customs brokerage services.
Read MoreNetScout Systems’ (NTCT) fiscal Q1 ’20 results were marred by a revenue shortfall, but tight cost controls enabled the company to post non-GAAP EPS in line with expectations. Delays in securing several service provider deals were the primary culprit for the top line miss, although sales execution challenges also surfaced internationally on the enterprise side.
Read MoreWell that was quick. Following a Bloomberg report last month that Monotype Imaging Holdings (TYPE) was exploring strategic options, the company agreed to be taken private by HGGC, a middle market private equity firm, for an equity value of approximately $895 million earlier this morning.
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