QUOTE AND NEWS
Benzinga  2 hrs ago  Comment 
Goldman has raised its estimates and price target on Shutterfly, Inc. (NASDAQ: SFLY) after the photo-based products and services provider reported better-than-expected quarterly results. For the second quarter, Shutterfly reported a non-GAAP...
Forbes  Jul 25  Comment 
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Shutterfly Inc (NASD: SFLY), where a total of 1,113 contracts have traded so far, representing approximately 111,300 underlying shares....
Benzinga  Jul 20  Comment 
Axiom’s Victor Anthony mentioned that Shutterfly, Inc.’s (NASDAQ: SFLY) EBITDA multiple has expanded 35 percent since late February. Anthony downgraded the rating on the company from Buy to Hold, attaching a price target of $52. “We...
Reuters  Jun 13  Comment 
Apple Inc is opening its popular Siri digital assistant to outside developers, which means iPhone users could soon be able to hail rides with Uber, publish photos on Shutterfly or make a call on Skype with voice commands.
Benzinga  Mar 18  Comment 
Axiom’s Victor Anthony maintained a Buy rating for Shutterfly, Inc. (NASDAQ: SFLY), with a price target of $51, after the company announced the appointment of a new CEO. Shutterfly announced the appointment of Christopher North as its new...




 

Shutterfly, Inc. (NASDAQ: SFLY) is a leading Internet-based social expression and personal publishing service that enables consumers to share, print and preserve their memories by leveraging the company's technology-based platform and manufacturing processes. The company offers services for users to store, edit, and organize their digital photos. In the past fiscal year, new mobile technology, such as smartphones and iPads have given Shutterfly new channels for its products. Shutterfly's products have predominantly sold during the Holiday Season as gifts, giving the firm a risk of expecting most of its revenues during that time period.

Business Overview

In the past fiscal year, SFLY achieved year-over-year revenue and net income growth due to expanded mobile technology services[1] As the mobile technology industry strengthens, and photography continues to shift to digital media, Shutterfly should expect continued growth in the 2011 fiscal year.

Trends and Forces

Mobile Technology Gives New Channels for Photographs

The smartphone and iPad industries have grown tremendously recently, giving SFLY new channels to market its products. Shutterfly currently has applications for both the iPhone and iPad.[2]

Reliance on Holiday Season Sales

Shutterfly's consumer products, such as photo albums and personalized coffee mugs, are typically bought as gifts and not as everyday items. From this, the firm typically receives a majority of its annual sales during the Holiday Season (mid October to mid January). Weak Holiday Season sales can possibly cause a net loss for SFLY during the fiscal year.

Competition

The market for digital photography is large, fragmented, evolving, and intensely competitive, and the company expects competition to increase in the future. The company faces challenges from a variety of companies including:



References

  1. SFLY 2010 10-k
  2. Shutterfly Website, "Mobile"
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