Collins Stewart Initiates Coverage on Digital River (DRIV) with a Hold
More News related to DRIV
- BlueHornet Networks Wins New Email Marketing Clients
- Digital River Launches New Online Store for CyberPatrol
- Stanford Research Downgrades Digital River (DRIV) to Sell
- Digital River to Exhibit at RetailVision Middle East
- Digital River CEO to Speak at the Goldman Sachs Software and IT Services Retreat 2008
More News related to New Coverage
- Citi Initiates Coverage on US Soft Drink Makers
- William Blair Initiates Coverage on Data Networking Stocks
- Caris Starts Coverage on Ariba (ARBA), Concur (CNQR), salesforce.com (CRM), Taleo (TLEO)
- Oppenheimer Initiates Coverage on ViroPharma (VPHM)
- Oppenheimer Initiates Coverage on Cadence Pharmaceuticals (CADX) with an Outperform
Collins Stewart initiates coverage on Digital River (Nasdaq: DRIV) with a Hold.
Collins analyst says, "The company is a primary beneficiary of the secular growth trends in Electronic Software Delivery (ESD) and e-commerce. In our view concerns over high revenue concentration with Symantec, macro-economic headwinds, and limited near-term upside to margins (largely due to mix shift) are nicely balanced with: 1) two near term catalysts i.e. expanding Microsoft relationship and major account wins in CE during 2H-08 and 2) overall increasing traction in ESD for SMBs, CE, Gaming, and marketForce. We estimate the likely new deals with MSFT and CE can give DRIV shares a $2.50 to $4.50 lift. We would be buyers of DRIV in the event of any pull-back in the shares or better than expected upside from 2H-08 catalysts."
Digital River, Inc. (Digital River) provides e-commerce solutions to a variety of companies in software, consumer electronics, computer and video games, and other markets.
Related Categories
New CoverageStocks Mentioned
+1.04Related Entities
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!
