Borderfree (BRDR) Misses Q3 EPS by 2c, Q4 Guidance Misses

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Borderfree (BRDR) PT Slashed to $10 at RBC Capital Post Q3

November 4, 2014 6:43 AM EST

RBC Capital analyst Mark Mahaney reiterated a Sector Perform rating on Borderfree, Inc. (NASDAQ: BRDR) while slashing his price target to $10.00 (from $17.00) following third quarter results.

Mahaney commented, "BRDR reported a September quarter miss lower than expected revenue (and lower than expected E-commerce revenue) &... More