Benchmark Starts Geeknet, Inc. (GKNT) at Buy; Ecommerce Business Outperforming
Tweet Send to a FriendGet Alerts GKNT Hot Sheet
Price: $14.43 +4.19%
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
1 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade GKNT Now!
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, with a 52 week range of $13.90-$30.23.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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, with a 52 week range of $13.90-$30.23.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Keryx Biopharma (KERX) Patents Strong; JPMorgan Starts at Overweight
- Wells Fargo Starts CorEnergy Infrastructure Trust (CORR) at Outperform
- UPDATE: Canaccord Genuity Starts T-Mobile US, (TMUS) at Hold
Create E-mail Alert Related Categories
New CoverageRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
