Digital River Widens Payment Options - Analyst Blog
June 26 2012 - 8:00AM
Zacks
E-commerce solutions provider
Digital River, Inc. (DRIV) recently launched
cloud-based subscription billing to extend its Digital River World
Payments portal. The newly introduced service is particularly
designed to maximize the revenue for online traders and offer
superior e-business solutions globally through its advanced payment
solutions.
Digital River’s latest offering
provides an excellent option to the traders to utilize online
payment services as well as cloud-based subscription payment
options through an exclusive platform. Furthermore, it is likely to
enhance the entire online billing procedure and client maintenance
process across global geographies.
Digital River World Payments
package has some special features such as easily accessible payment
tools, fraud identification, keys to control currency risk and
more. In addition, the customized solution is expected to help
merchants organize their online payment services internationally
and improve online growth strategies.
Earlier, Digital River reported
revenues of $102.4 million in the first quarter of 2012, up 4.3%
from the year ago quarter. Management is optimistic for the
remainder of fiscal 2012 and is encouraged by the growth in the
sales pipeline, new product roadmap and recent wins in the
business-to-business software market.
Even though Digital River globally
established itself in the cloud-commerce industry, the competitive
market condition may impede its growth in future. The company faces
tough competition from Ellie Mae, Inc. (ELLI),
ExactTarget, Inc. (ET) and The Active
Network, Inc. (ACTV), who are continuously strengthening
their potentials through expanding their businesses worldwide.
The current Zacks Consensus
Estimates for Digital River are 4 cents and 69 cents for the second
quarter of 2012 and for 2012, respectively. As the current
macro-economic conditions continue to be challenging, the company
continues to have a Zacks #4 Rank, which translates into a
short-term ‘Sell’ rating. Nevertheless, in the long run, we
maintain a ‘Neutral’ recommendation on the stock.
ACTIVE NETWORK (ACTV): Free Stock Analysis Report
DIGITAL RIVER (DRIV): Free Stock Analysis Report
ELLIE MAE INC (ELLI): Free Stock Analysis Report
EXACTTARGET INC (ET): Free Stock Analysis Report
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