Software stocks were largely in the red this week, but we were encouraged to see Stamps.com (STMP) double the size of its current share repurchase authorization to $120 million in response to the market volatility of late.
Read MoreCTG, Inc. (CTG) reported Q4 ‘20 results above expectations. The beat relative to our model was attributable to robust IT Solutions growth as CTG completed a large go-live implementation and training project, captured year-end budget flushes in its infrastructure business and rode a favorable currency tailwind.
Read MoreThe one thing we can count on each earnings season is a dramatic reaction to Stamps.com’s (STMP) results and outlook. In a seeming repeat of last quarter, the company posted another significant beat across the board highlighted by continued strength in new customer acquisition.
Read MoreStamps.com (STMP) delivered Q4 ’20 results ahead of expectations, capping a year of resurgent growth fueled by the COVID-19 pandemic. Most surprising (and impressive) from our perspective was further acceleration in the company’s paid customer growth rate to 35% and a corresponding decline of 15% in the cost per acquired customer.
Read MoreCTG, Inc. (CTG) reports Q4 ’20 results on Tuesday, February 23. Our estimates are generally in line with consensus, and we expect the company to meet or exceed our projections.
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