Close

Benchmark Starts Geeknet, Inc. (GKNT) at Buy; Ecommerce Business Outperforming

March 14, 2012 7:35 AM EDT
Get Alerts GKNT Hot Sheet
Price: $19.98 --0%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 20 | Down: 14 | New: 22
Join SI Premium – FREE
Benchmark initiates coverage on Geeknet, Inc. (NASDAQ: GKNT) with a Buy. PT $22.00.

Analyst, James T. Dobson, said, "Geeknet operates both an ecommerce and online media business. The ecommerce business is the primary driver of financial results, and we anticipate it will grow materially faster than the domestic ecommerce industry for the next several years. Led by a well qualified management, we expect strong revenue growth will translate into EBITDA growth of 90% and 57% y/y in 2012 and 2013, respectively."

"For 2012, we forecast total revenue of $140 million, up 17% y/y. We project 4Q12 ecommerce revenue of $66 million, up 20% y/y, representing 55% of 2012
ecommerce revenue."

For an analyst ratings summary and ratings history on Geeknet, Inc. click here. For more ratings news on Geeknet, Inc. click here.

Shares of Geeknet, Inc. closed at $15.10 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Earnings