Shutterfly (SFLY) Tops Q1 EPS by 15c; Offers Wide FY16 EPS Outlook
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Modest Q1 Upside, Re-Platforming and Mobile Strengthens Position Shutterfly (SFLY) for Strong Q4 - Needham & Company
April 28, 2016 8:16 AM EDTNeedham & Company analyst, Kerry Rice, noted the upside in the quarter but believes that Shutterfly (NASDAQ: SFLY) is really a Q4 story. Guidance was below expectations due to promotional activity but has proven conservative in the past. The analyst believes that the shift to mobile and the integration of ThisLife will accelerate order growth going forward. No change to Buy rating but the PT increases to $55 from $50.
The integration of ThisLife on to its new platform and mobile should strengthen its position with consumers,... More
