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Small-Cap Watch: ChannelAdvisor (ECOM) Shares Jump 184%

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Small-Cap Watch: ChannelAdvisor (ECOM) Shares Jump 184% Powered By Docstoc
					                                    Robert DeFrancesco’s
                           Tech-Stock Prospector
September 25, 2013

Small-Cap Watch: ChannelAdvisor (ECOM) Jumps 184%
Shares of ChannelAdvisor (ECOM, $39.85)—a provider of cloud-based solutions
that enable retailers and manufacturers to integrate, manage and optimize their
merchandise sales across hundreds of online channels—have had a stellar run since
the May IPO: up 184% from the offer price of $14.

The stock today traded to a new post-IPO high of $39.90. Channel Advisor has a
market cap of $863 million, 13x the 2013 consensus revenue estimate of $66.4
million and 10.4x the 2014 consensus of $82.9 million (estimated growth of 24.8%).

Organizations on the ChannelAdvisor platform are able to easily connect with new
and existing sources of demand for their products—including e-commerce
marketplaces (eBay, Amazon and Newegg); search engines and comparison-
shopping websites (Google, Bing and Nextag); and emerging channels (Facebook
and Groupon).

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Discover the most promising cybersecurity stocks. Download the September 2013
issue of Tech-Stock Prospector to your Amazon Kindle or Kindle for iPad/iPhone
reading app: http://www.amzn.com/B004T6Z0ME
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With the company’s suite of solutions, customers have a single, integrated user
interface to manage their product listings, inventory availability, pricing
optimization, search terms, data analytics and other critical functions across these
channels.

In Q2, the company added 138 net new core customers, bringing its total count up to
2,135, an increase of 17% year over year. Average revenue per core customer rose
13% to $29,607.

In 2012, ChannelAdvisor customers processed more than $3.5 billion in gross
merchandise value (GMV) on the platform. The company’s subscription fees are
usually structured to include both a fixed charge as well as a variable component
that allows ChannelAdvisor to participate in a share of its customers’ GMV
processed on the platform.
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Read the September 2013 issue of Tech-Stock Prospector on your Amazon Kindle
or Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the latest issue:

*Buyers rush into recent cloud-software IPOs
*Why ServiceNow was able to raise guidance yet again
*Workday causing major disruption for legacy ERP vendors
*F5 Networks looks to security to add growth in 2014
*Fortinet in Q2 attracted some savvy money managers
*Imperva emerging as a hot vendor in datacenter security
*Proofpoint brings Big Data techniques to cybersecurity
*FireEye getting IPO buzz in the security space
*Infoblox builds out its DNS firewall business
*Splunk expands its portfolio of machine-data solutions
*The outlook brightens for Facebook
*New growth drivers at Intel
*Salesforce.com steps up growth, confounds the critics
*Could privately held SugarCRM disrupt Salesforce’s growth?
*Tech Focus: Rally Software stays agile
*Why some big investors like Akamai Technologies
*Deal Report: Rocket Fuel IPO

Order the September 2013 issue of TSP here:
http://www.amzn.com/B004T6Z0ME


Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street.

TechStockProspector.com, launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

For more information or to place an order, call 800-392-0998.

				
DOCUMENT INFO
Description: ChannelAdvisor combines the cloud with e-commerce and analytics. Revenue in 2012 rose 23% to $53.5 million. The company's subscription dollar retention rate has exceeded 100% in each of the past three years.