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Bolstered by a strong Q4, LivePerson leads e-commerce stocks higher
But the Internet Retailer Online Index had a modest gain.
Topics: Blue Nile Inc., Bluefly, Dow Jones Industrial Average, e-commerce stocks, financials, Internet Retailer Online Retail Index, Keynote Systems Inc., LivePerson, Overstock.com Inc., Robert LoCascio, Standard & Poor's 500 Index, stocks, vistaprint ltd
Investors liked the double-digit increases in LivePerson Inc.s’ fourth quarter revenue and net income so much last week that it gained 17.9% in value, making it the top performer in Internet Retailer’s Online Retail Index of e-commerce stocks.
LivePerson, which provides live chat services to e-retailers, said it had $36.5 million in fourth-quarter revenue, a 21.9% increase from the year-ago figure of $29.9 million. Net income had an even better performance, increasing 41.6% from $2.74 million in the last quarter of 2010 to $3.88 million in the 2011 fourth quarter.
“The fourth quarter was marked by consistently strong growth rates and operating margins as well as solid cash flow generation, which was on par with the year as a whole,” says Robert LoCascio, CEO. For the year, LivePerson’s revenue was $133.09 million, a 21.1% increase from the 2010 revenue of $109.86 million. Its net income was $12.04 million, a 30.4% increase from 9.23 million in year prior.
The Online Retail Index increased 0.55% last week, a modest gain bested by the wider market. The Dow Jones Industrial Average increased 1.16% and the Standard & Poor’s 500 Index increased 1.38%.
Overall, winners outpaced losers with 15 stocks gaining value in the Online Retail Index, which tracks 25 publicly traded e-retailers and e-commerce technology providers. Of all the winners, only LivePerson had a double-digit increase.
Here are the best-performing stocks last week in the Online Retail Index and the percentage increase in stock price for each:
• LivePerson, 17.9%
• Keynote Systems, 6.9%
• Coastal Contacts, 6.6%
• eBay, 6.2%
• Shutterfly, 3.2%
Here are the Online Retail Index stocks that performed least well last week and the percentage loss in stock price for the week:
• Bidz.com, -9.1%
• Blue Nile, -9.0%
• Bluefly, -4.2%
• Groupon, -3.7%
• Overstock.com, -2.7%
The 25 companies in the Internet Retailer Online Retail Index are: 1-800-Flowers.com Inc., Akamai Technologies, Amazon.com Inc., American Greetings Corp., Bidz.com Inc., Blue Nile Inc., Bluefly Inc., Coastal Contacts Inc., Digital River Inc., eBay Inc., eGain Communications Corp., Groupon Inc., Keynote Systems Inc., LivePerson Inc., Netflix Inc., NutriSystem Inc., Overstock.com Inc., PetMed Express Inc., Shutterfly Inc., Systemax Inc., U.S. Auto Parts Network, United Online Inc. (owner of FTD.com), ValueClick Inc., Vistaprint Ltd and Vitacost.com Inc.