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BigCommerce Holdings (BIGC)
56.0 ? 1.54 (2.83%)
Volume: 421,607 @05/26/21 12:02:48 PM EDT
Bid Ask Day's Range
55.97 56.01 54.06 - 56.14
BIGC Detailed Quote
these spacs in bit time correction, they'll need ah good one plus
'BigCommerce Holdings, Inc. (BIGC)'
BIGC earnings today is crucial for BIGC to maintain investor interest, imo
BigCommerce Holdings (BIGC)
59.0 ? -0.36 (-0.61%)
Volume: 843,426 @04/16/21 7:58:07 PM EDT
Bid Ask Day's Range
58.8 71.97 58.0 - 60.28
BIGC Detailed Quote
thank you BigCommerce Holdings (BIGC)
59.915 ? 0.555 (0.93%)
Volume: 218,240 @04/16/21 11:08:06 AM EDT
Bid Ask Day's Range
59.87 59.97 58.0 - 60.28
BIGC Detailed Quote
BigCommerce Holdings (BIGC)
71.5 ? 2.87 (4.18%)
Volume: 2,495,354 @02/19/21 7:59:21 PM EST
Bid Ask Day's Range
71.01 71.5 68.73 - 71.7
BIGC Detailed Quote
yes huge BigCommerce Holdings (BIGC)
85.22 ? -1.1 (-1.27%)
Volume: 6,672,605 @01/27/21 7:59:34 PM EST
Bid Ask Day's Range
85.25 86.0 82.575 - 96.64
BIGC Detailed Quote
Nice run in BIGC over the past couple of weeks
BigCommerce Holdings (BIGC)
61.42 ? 2.36 (4.00%)
Volume: 698,031 @01/07/21 11:39:58 AM EST
Bid Ask Day's Range
61.41 61.53 59.95 - 62.15
BIGC Detailed Quote
BigCommerce Holdings (BIGC)
59.6 ? -2.4 (-3.87%)
Volume: 3,005,498 @01/06/21 5:04:10 PM EST
Bid Ask Day's Range
59.31 59.58 58.6219 - 61.685
BIGC Detailed Quote
Global Market For Retail Omni-Channel Commerce Platform Could Exceed US$12.7 Billion By 2025
PR Newswire - PRF - Wed Jan 6, 7:30AM CST
PALM BEACH, Fla. , Jan. 6, 2021 /PRNewswire/ -- According to most experts the global Retail Omni-Channel Commerce Platform market will be driven by the growing business opportunity for eCommerce against the backdrop of the fact that the consumer purchase cycle is increasingly characterized by seamlessly shifting across channels and devices. Reports show that modern consumer behavior is rapidly changing with most consumers buying on various channels, making purchase cycle long, interconnected and complicated. Few of the factors highlighting the fact that a large majority of people shop across channels include emerging data that shows over 90% of customers in the United States switch between devices during the same day; modern customers today use an average of 6 touch-points for shopping that include physical store, online store, smartphone, PC, laptop and tablet; and to avoid shipping fee, increasing number of customers prefer to shop online and pick-up instore. Customers expect physical store inventory information to be featured online and almost 98% of customers exhibit frustration when having to repeat their issues to customer care when they switch from one channel to another. The emerging pattern of consumer purchases crossing the lines between physical and digital worlds reinforces the need for seamless omnichannel experiences. Smarter sales channel strategies is the need of the hour which is feeding the demand for omni-channel selling platforms. Defined as a retailing strategy where the retailer is ready and available at myriad customer touchpoints with a synchronized inventory, merchandising offers, prices and customer support, omni-channel commerce is growing in popularity and importance. Active Companies in the merchant industry include The OLB Group, Inc. (NASDAQ:OLB), BigCommerce (NASDAQ:BIGC), Shift4 Payments (NYSE:FOUR), Bill.com (NYSE:BILL), Square, Inc. (NYSE:SQ).
A report from 360 Research And Reports said that the global Retail Omni-Channel Commerce Platform market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2026. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. Another report from ReportLinker added that the global market for Retail Omni-Channel Commerce Platform is projected to reach US$12.7 billion by 2025, driven by the growing business opportunity for eCommerce
The OLB Group, Inc. (NASDAQ:OLB) BREAKING NEWS: OLB Projects Continued Strong Revenue Growth in 2021 - Cloud-based merchant services provider expects to build on larger merchant base in 2020 - The OLB Group, Inc., a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants, expects to extend its strong financial performance into 2021. According to Ronny Yakov , CEO of OLB Group, the increased appetite for cloud-based merchant services, coupled with the company's robust solutions portfolio and reputation for personal attention to merchants desiring a hand-on approach, should continue the trends in broadening the merchant base and accelerating sales in the new year.
Yakov noted, "2020 was an unprecedented year and tested our collective resilience on many fronts. OLB overcame these challenges and executed on its mission to provide eCommerce solutions and business services to small- and mid-size merchants. I am especially proud of our onboarding and support teams who worked tirelessly to assist our merchants during the worst parts of the pandemic. Our successes, combined with our greatly improved and comprehensive solutions portfolio, positions the company for continued growth throughout 2021."
Yakov noted several recent achievements that will contribute to 2021 momentum:
Secured status as a Payment Facilitator (PayFac) with two major banks
Expanded and enhanced all applications and upgraded its merchant boarding process
Delivered fully cashless and contactless purchase experiences to merchants and consumers
Actively assisted traditionally brick-and-mortar businesses transition to online ordering and fulfillment
Achieved listing on NASDAQ in August 2020
Yakov expressed confidence that OLB brands and solutions, including its eVance merchant processing, GHM benefits program, SecurePay payment gateway, and ShopFast omnicommerce platform, will continue to attract new merchants in the coming year.
"Our company is in a strong position to serve the multiple business needs of our customers," explained Yakov. "OLB has a solutions portfolio that is broad, secure, and dependable, and we have an experienced, talented team. We believe that 2021 will be a very successful year for our entire organization." For more information about The OLB Group, please visit http://www.olb.com and http://www.olb.com/investors-data
Other recent developments in the eCommerce/Merchant industry include:
BigCommerce (NASDAQ:BIGC), a leading Open SaaS ecommerce platform for fast-growing and established brands, recently announced it has been named a Leader in IDC MarketScape: Worldwide Headless Digital Commerce Applications 2020-2021 Vendor Assessment . The report evaluated 11 headless digital commerce platforms based on their ability to provide headless or API-first experiences that satisfy both B2C and B2B commerce requirements.
In the report's evaluation of BigCommerce, Jordan Jewell , research manager of IDC's Digital Commerce program, said "Consider BigCommerce if you are a fast-growing, experience-driven brand looking for a multitenant SaaS headless digital commerce platform," and "if your organization is primarily focused on differentiating with business agility and a fast time to market with a platform that is very business user-friendly." Additionally, the IDC MarketScape report cites BigCommerce's usability as a core strength in headless digital commerce, noting the large steps taken to reduce complexity of the headless implementation experience.
Shift4 Payments (NYSE:FOUR), the leader in integrated payment processing solutions, has revealed that the month-over-month change in U.S. merchant transaction volumes from October to November dipped more than in previous years as merchants and consumers contend with recent spikes in COVID-19 transmission and renewed health and safety restrictions. Nonetheless, Shift4's data indicate that transaction counts in October reached totals that exceeded the expected seasonal decline.
The anticipated seasonal decline heading into the fall is often most discernable in the month-over-month change from October into November, where historical data indicates merchants may expect an average 5% drop in monthly transaction volume. However, this year's data—posted daily on shift4cares.com —reveals a decline of 10% from October to November, suggesting that the typical seasonality of merchant transaction volume is being compounded by the recent nationwide rise in virus infection rates. Only two states—Hawaii and Florida—fared better than the historical average in month-over-month transaction volume change. As a state largely dependent on tourism, Hawaii proved to be a particular bright spot with a month-over-month transaction growth of 5% that bucked the nationwide trend. At the other end of the spectrum, however, Wyoming , Maine , and Vermont had greater than 25% month-over-month declines in transaction counts.
Bill.com (NYSE:BILL), a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and midsize businesses (SMBs) and Wells Fargo & Company (NYSE:WFC) recently announced Bill Manager, a new joint offering now available to help automate and simplify the accounts payable and receivable process for small to midsize businesses.
Bill Manager integrates the latest cloud-based financial operations software from Bill.com into Wells Fargo's digital banking service, Commercial Electronic Office®, creating a paperless way for businesses to pay bills and get paid with simplicity, visibility, and control.
"We are thrilled to bring our long-standing relationship with Wells Fargo to fruition through Bill Manager to accelerate small and midsize businesses' shift to the cloud," said Josh Goines , senior vice president, Strategic Partnerships and Business Development at Bill.com. "With Bill Manager, SMBs can go live with digitally automating their accounts payable processes in a matter of hours, helping them to put their back office in their back pocket."
Square, Inc. (NYSE:SQ) recently announced the availability of Square Appointments on Square Register, a point-of-sale solution specifically built for beauty and wellness sellers that now runs on Square's first-class hardware. This offering provides integrated hardware and software so sellers can book and confirm appointments, manage inventory, accept payments, and check out customers all from Square Appointments for a front desk experience that provides simplicity and a professional look that elevates any business.
"Square Appointments on Square Register is the perfect solution for our salon since we can now do everything all in one place whereas before we were having to use multiple devices," said Teresa Kuhbacher , Owner of Lil' Tiffany's Spa. "Our clients love using Square Appointments because it's so easy to navigate and book all of their services, while they can also use contactless payments or even prepay for their services for an even safer checkout. Square Register has made our front desk look beautiful, providing a smooth and welcoming experience for clients the moment they walk in the door."
BIGC has really struggled since their high in the Fall.
NOT SURE DEY GOT LOT OF MONEY WIT I.P.O.
BigCommerce Holdings (BIGC)
65.43 ? -1.53 (-2.28%)
Volume: 2,354,222 @12/29/20 12:50:13 PM EST
Bid Ask Day's Range
65.38 65.45 64.35 - 69.07
BIGC Detailed Quote
These e-commerce stocks that have done great during the pandemic are going to have a more difficult time going forward, IMO. BIGC has been a big winner since their IPO this year. And LSPD has rocketed in the past two months.
SHOP is a monster--but way, way overdone on the upside based on their current fundamentals.
OLB is a very cheap stock, both in valuation of under 3X revenues and a stock price of $4.50. Would not be surprised to see 100% gain in OLB in the next two quarters and still just hit a modest valuation.
BIGC could see another run, but it would be difficult to see a 40% gain in the next six months without some significant revenue growth.
Any thoughts on this, mick?
JMO
BigCommerce Holdings (BIGC)
83.3 ? 3.01 (3.75%)
Volume: 1,719,046 @12/07/20 11:53:59 AM EST
Bid Ask Day's Range
83.14 83.3 81.06 - 85.32
BIGC Detailed Quote
Why Bears Are Betting Big Against BigCommerce
Nov. 18, 2020 6:28 AM ET|
Chris Lau
DIY Value Investing
Receive quick DIY tips on maximizing risk-adjusted returns
Summary
Bears have a short float of over 30% against BigCommerce stock, betting on a bigger drop.
Quarterly and full-year forecast are good but could be better.
Bullish and bearish trade strategy explained.
This idea was discussed in more depth with members of my private investing community, DIY Value Investing. Get started today »
After BigCommerce (BIGC) went public, technology investors bet that the company would find the same returns as Canada’s success story, Shopify (SHOP). In the months following its initial public offering, speculators realize the stock is offering nothing more than trading on the “pop” (bounce upwards).
With momentum drying up and fundamentals questioned, markets are re-evaluating its valuations to the downside. Investors should not bet against the Bears, who have a massive short position on the stock.
Why Bears Are Betting Big Against BigCommerce (NASDAQ:BIGC) | Seeking Alpha
BigCommerce (NASDAQ: BIGC) Stock Providing Big Opportunities After Earnings Plunge
TUESDAY, NOVEMBER 17, 2020 | JEA YU
BigCommerce (NASDAQ: BIGC) Stock Providing Big Opportunities After Earnings PlungeEcommerce facilitator BigCommerce Holdings (NASDAQ: BIGC) stock has been frustrating investors since peaking at $162.50 on Aug. 26, 2020. Shares have sold off on every breakout attempt as it trades back towards post-IPO lows and outperforming the benchmark S&P 500 index (NYSEARCA: SPY). As we get closer to a COVID-19 vaccine approval, pandemic benefactors are being sold-off as money rotates back into value stocks. Ecommerce winners are seeing the same rotation as peers Shopify (NASDAQ: SHOP) and Wix.com (NASDAQ:WIX) experience heavy selling pressure. However, the selling on BigCommerce is reaching excessively bearish levels despite the recent earnings blow-out. This divergence can provide risk-tolerant investors the chance to get exposure at opportunistic pullback levels.
Q3 FY 2020 Earnings Release
On Nov. 5, 2020, BigCommerce released its fiscal third-quarter 2020 results for the quarter ending September 2020. The Company reported an adjusted earnings-per-share (EPS) loss of (-$0.28), beating estimates by $0.12. Revenues grew by 40.6% year-over-year (YOY) to $39.74 million versus analyst estimates of $36.34 million. Subscription revenue comprised 67% and service revenues were up 82% YoY and accounted for 33% of total Q3 sales. The pandemic has resulted in, “a shortening of sales cycle times, and an improvement in lead conversion and competitive win rates.”, according to BigCommerce CFO, Robert Alvarez. The Q3 annual run rate (ARR) was $167 million, up 38% YoY. The Company raised Q4 revenues to a range of $38.3 million to $38.7 million versus $37.45 million analyst estimates.
Conference Call Takeaways
BigCommerce CEO, Brent Bellm, provided more color on the quarter providing examples of clients utilizing the platform to launch ecommerce debuts including Chapstick, Nikon Canada, Chivas football club in Mexico, Baseball Hall of Fame and Little League International. The Company launched Channel Manager feature for ecommerce clients to manage a comprehensive omnichannel sales presence. The Company formed a partnership with the Wish ecommerce marketplace, which, “expands BigCommerce merchants’ visibility to 100 million monthly active users across more than 100 countries.” BigCommerce also signed new partnerships with SureDone, Feedonomics and Deliverr to boost merchant’s ability to sell cross channel. Enterprise accounts grew 48% YoY. The Quarter was also one of the strongest quarters for acquisition of new B2B and B2C merchants. International revenues rose 53% YoY, 67% YoY in EMEA and 42% in APAC. The guidance raise was directly related to an increase in revenue shares from its largest ad partner but expects positive renegotiation in Q4. The key driver for partner revenues is the actual sales volume or GMV which the Company continues to see YoY growth.
Citigroup Sell Rating
Shares of BigCommerce ran up to as high as $87.88 into the Q3 earnings release and triggered a sell-the-news reaction afterwards. As shares tried to stabilize near $72, they got slammed again. On Nov. 13, 2020, Citigroup initiated coverage on BigCommerce stock with a Sell rating and $65 target. The continued competition and return to value as COVID-19 vaccine approvals near has caused ecommerce stocks to lose steam quickly. BigCommerce shares have been punished excessively creating opportunistic pullbacks for nimble traders and risk-tolerant investors.
BigCommerce (NASDAQ: BIGC) Stock Providing Big Opportunities After Earnings Plunge
BIGC Opportunistic Pullback Levels
Using the rifle charts on the weekly and daily time frames provides a precise view of the landscape for BIGC stock. Since BIGC is a recent IPO, the weekly rifle chart hasn’t completely materialized with all indicators yet. However, it has produced a weekly 5-period moving average (MA) resistance at the $82.45 Fibonacci (fib) level. The daily rifle chart formed a market structure low (MSL) buy trigger above $80.06 and $76.50, which both triggered briefly only to fail and collapse again. The daily rifle chart has a bearish inverse pup breakdown as the stochastic rejected the 20-band cross attempt. This adds further selling pressure towards the daily lower Bollinger Bands (BBs) and potentially further opportunistic pullback levels at the $60.32 fib, $55.61 fib, $50.39 fib and the $45.10 fib. While these price levels seem a bit extreme, BIGC is a momentum stock with thin liquidity that moves with the high flying ecommerce marketplaces and facilitators like SHOP, WIX and Etsy (NASDAQ: ETSY). It’s prudent o monitor BIGC with these stocks together to gauge the price action and sentiment for the segment.
Other companies in this space:
ETSY
OLB
WIX
https://www.marketbeat.com/originals/bigcommerce-nasdaq-bigc-stock-providing-big-opportunities-after-earnings-plunge/
Piper Sandler Initiates Coverage on BigCommerce (NASDAQ:BIGC)
Posted by ABMN Staff on Nov 18th, 2020
BigCommerce logoStock analysts at Piper Sandler initiated coverage on shares of BigCommerce (NASDAQ:BIGC) in a research report issued on Wednesday, Stock Target Advisor reports. The firm set an “overweight” rating and a $83.00 price target on the stock. Piper Sandler’s target price would indicate a potential upside of 22.96% from the stock’s current price.
Several other equities research analysts have also weighed in on BIGC. Raymond James began coverage on shares of BigCommerce in a report on Monday, August 31st. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. Guggenheim assumed coverage on BigCommerce in a report on Monday, October 26th. They issued a “sell” rating and a $65.00 target price on the stock. KeyCorp started coverage on BigCommerce in a research note on Monday, August 31st. They issued a “sector weight” rating on the stock. Needham & Company LLC started coverage on BigCommerce in a research note on Monday, August 31st. They issued a “buy” rating and a $132.00 target price for the company. Finally, Stifel Nicolaus began coverage on shares of BigCommerce in a research report on Monday. They set a “buy” rating and a $80.00 price target on the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $87.58.
Why Bears Are Betting Big Against BigCommerce
Nov. 18, 2020 6:28 AM ET
Bears have a short float of over 30% against BigCommerce stock, betting on a bigger drop.
Quarterly and full-year forecast are good but could be better.
Bullish and bearish trade strategy explained.
This idea was discussed in more depth with members of my private investing community, DIY Value Investing. Get started today »
After BigCommerce (BIGC) went public, technology investors bet that the company would find the same returns as Canada’s success story, Shopify (SHOP). In the months following its initial public offering, speculators realize the stock is offering nothing more than trading on the “pop” (bounce upwards).
With momentum drying up and fundamentals questioned, markets are re-evaluating its valuations to the downside. Investors should not bet against the Bears, who have a massive short position on the stock.
BIGC Stock at 52-Week Lows
Per Seeking Alpha data, the short interest in BigCommerce stock is 30.65%. When it first traded, investors should have run a quick check to compare the company to Shopify, nCino (NCNO), and Fastly (FSLY). The latter companies are recent IPOs and also relied on buying momentum to rise.
As shown below, BIGC has fewer employees than any of its software peers. Conversely, its market capitalization is comparable to NCNO and FSLY stock.
BIGC
SHOP
NCNO
FSLY
Company Name
BigCommerce Holdings, Inc.
Shopify Inc.
nCino, Inc.
Fastly, Inc.
Market Cap
4.44B
112.06B
6.57B
8.59B
Employees
690
5,000
991
752
SA Authors Covering
4
6
1
13
Source: SA Premium
BigCommerce has the slowest revenue growth, at 22% Y/Y, compared to 73% with Shopify:
BIGC
NCNO
FSLY
SHOP
Revenue Growth (YoY)
22.03%
50.96%
46.53%
73.40%
Share Sale
Last week on Nov. 10, the company took advantage of the stock’s overvaluation by selling up to one million shares. At $74.62 that day, this sale would be worth $74.6 million.
In the months ahead, a combination of weaker quarterly earnings, insider lockup expiry, and this stock sale will hurt BIGC’s share price. Fastly has half the short float at 15.79%, although at that level, bears correctly bet against my Limelight Networks (LLNW) pick.
In the third quarter, BigCommerce posted revenue growing 41% from last year to $39.7 million. It posted an operating loss of $10.1 million on a GAAP basis (-$7.2 million non-GAAP). Costs grew faster than revenue. Research and development costs did not rise by much, while general and administrative doubled and sales and marketing rose by around 25%.
To its credit, it posted strong annual recurring revenue growth. For example, “ARR from accounts with at least one Enterprise plan (“Enterprise accounts”) was $89.8 million, up 48% compared to the third quarter of 2019.”
Mixed Outlook
The company posted Q4 revenue guidance in the range of $38.3 million to $38.7 million. It still expects to lose $10.4 million to $10.1 million on a non-GAAP operating basis. For FY 2020, revenue will come in as high as $147.9 million. Its non-GAAP operating loss of as low as $29.9 million is still better than the -$33.2 million consensus.
The CEO said, “As we head into the busiest time of year for retail, we remain focused on providing our merchants the technology, partnerships, and resources they need to usher in a successful holiday sales season.”
Forecasting only one-quarter of seasonal strength is not enough to help the stock. For the rest of 2021, it needs more catalysts. For example, CFO Robert Alvarez said, “we continue to forecast our business under the expectation that volumes will normalize back down to pre-COVID levels over the course of the next three to six months.”
At lower forward growth rates, the stock should trade at lower forward P/E multiples. So, if markets price in a vaccine launch ending the work from home and stay at home momentum, BIGC stock loses even more value.
Opportunity
CFO Alvarez said one of its partners started producing a good amount of revenue for the firm as its largest ad partner. As it benefits from an increase in revenue share, BigCommerce might report better results than expected. Conversely, relying on a few partners for growth is risky. It will need to add more partnerships that are committed to its commerce platform to diversify its revenue. Until that happens, the stock has more risks than other software application firms.
On Wall Street, most analysts rate the stock as a hold:
Data courtesy of stock rover
Contrarian investors who believe the firm has better growth than expected may buy shares at these levels. Momentum investors may want to let the stock fall further and short float dropping before buying.
Please [+]Follow me for coverage on technology stocks with strong positive momentum for a potential triple return. Members discussed the Fastly, nCino, and BigCommerce "swing" trades.
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BIGC has ten Wall Street analysts which have issued "buy," "hold," and "sell" ratings in the last year.
Ratings Breakdown
There are currently 2 sell ratings, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
Target price ranges from $53.00 to $132.00.
This rating did not help.
Guggenheim's bearish start on short growth runway
Oct. 26, 2020 4:45 PM ET|About: BigCommerce Holdings, Inc. (BIGC)|By: Brandy Betz, SA News Editor
Seeing a more limited runway compared to its peers, Guggenheim starts BigCommerce (NASDAQ:BIGC) with a Sell rating and $65 price target.
Analyst Ken Wong says BigCommerce could benefit from retail's shift to e-commerce, but he's concerned about "the competitive landscape, which features large formidable software peers" that have larger sales channels and product portfolios.
BigCommerce competitors include Shopify (NYSE:SHOP) and Wix (NASDAQ:WIX).
Wong says BIGC has more limited growth because new product revenue depends on partners, and that growth outlook doesn't justify the company's "premium" valuation.
BigCommerce shares are down 1.3% AH to $82.20.
BigCommerce Streamlines Omnichannel Sales Experience for Merchants with Modernized Channel Manager
Platform rolls out new comprehensive provider pages for storefront integrations, onboards Wish as a new marketplace partner and introduces a Deliverr integration for two-day delivery
October 27 2020 - 08:00AM
BigCommerce (Nasdaq: BIGC), a leading open SaaS ecommerce platform for fast-growing and established brands, today announced the availability of Channel Manager, a modernized platform feature that makes it easier for merchants to manage their comprehensive omnichannel sales presence. With access to a unified hub of all native and third-party storefront integrations – including marketplaces and advertising platforms such as Amazon, Facebook, Instagram, Google and Wish, as well as headless storefront channels like DEITY – BigCommerce merchants can streamline their back-end omnichannel operations and invest time in growing their business.
Wish, one of the largest and fastest-growing global ecommerce marketplaces and the latest to join the BigCommerce partner ecosystem, expands BigCommerce merchants’ visibility to 100 million monthly active users across more than 100 countries. In addition, BigCommerce merchants selling on Wish can now leverage Deliverr’s fast and affordable fulfillment to get the exclusive Wish 2-day delivery tag on their listings1. Alongside Deliverr, the Wish provider page will also highlight integrations with preferred partners CedCommerce and Feedonomics for improved marketplace listings, as well as other tools to enhance the overall marketplace selling experience.
“We’re delighted to be integrating Wish into BigCommerce’s partner ecosystem which will allow tens of thousands of BigCommerce merchants to grow their sales by adding Wish as a marketplace channel. We look forward to expanding our collaboration over the next few months,” said Adam Hundt, product manager at Wish.
“We’ve seen 2-day and next-day delivery transform merchants’ websites in terms of ad efficiency, customer lifetime value and average order size,” said Michael Krakaris, co-founder at Deliverr. “We are thrilled to be BigCommerce’s Elite partner for omnichannel fulfillment. Merchants can now leverage both Deliverr and BigCommerce to offer an ultra-fast, cost-effective fulfillment experience everywhere they sell and delight their customers.”
With the new Channel Manager, merchants will be able to:
? Centralize channel management. Merchants can now manage their full suite of existing storefront channels, including native and third-party sales channels, point of sale solutions and advertising feeds, all within a single destination.
? Reach more shoppers faster. With the ability to integrate into leading marketplaces with a single click, merchants can easily expand their online presence to potentially connect with millions of shoppers.
? Streamline omnichannel listing and selling. Merchants can save hours previously spent listing products on third-party sales channels by using product information already stored in their BigCommerce catalog.
? Enhance storefront experience with relevant app integrations. Each provider page will also highlight technology integrations that further improve the holistic sales experience within that channel. A dynamic approach surfaces partner apps that best align to the merchant’s location and currency to provide the most relevant experience possible.
? Deliver lightning-fast shopping experiences. With Channel Manager, merchants can take advantage of best-of-breed technology to launch progressive web app (PWA) storefronts within BigCommerce in minutes.
“One of the central questions we strive to answer is ‘how do we continue to help our merchants grow and stay competitive in these ever-changing times?’, which is why we saw value in further contextualizing how our growing ecosystem of partners can help them sell through each channel,” said Jimmy Duvall, chief product officer at BigCommerce. “With this updated Channel Manager, BigCommerce remains the central hub for ecommerce operations, but does so in a way that helps merchants more easily manage their ever-growing omnichannel presence without adding operational complexity.”
BigCommerce merchants will get immediate access to Channel Manager and existing storefront integrations via the BigCommerce control panel. Additional storefront channels will be made available in the future. To learn more about the new features in Channel Manager, access the individual marketplace provider pages and view the full list of supporting apps, visit the BigCommerce Product Blog.
1 Access to 2-day delivery through Deliverr is currently only available to merchants selling to US shoppers.
heavy one $BIGC
BigCommerce Holdings (BIGC)
90.25 ? 0.3 (0.33%)
Volume: 538,132 @10/23/20 7:59:39 PM EDT
Bid Ask Day's Range
85.0 91.5 87.6012 - 91.11
BIGC Detailed Quote
What is the Price to Sales ratio on BIGC?
I know it is not as high at SHOP--over 35 times revenue. Which is insane.
BIGC $150 TARGET PRICE WOOHOOOOOOOOOOOOOOO
Big deal here....definitely heading to 100.+ soon
BIGC
Looking nice , chart looks great
A 50% retracement of a big move is not unusual. It is the valuation and growth rate of BIGC that is more of my concern.
we're retracing the whole up move
Fedex earnings report is an insight into the strength of e-commerce.
FedEx Quarterly Profit of $1.25 Billion Beats Estimates Easily As Residential Deliveries Jump
15 September 2020
By Cathy Bussewitz
NEW YORK (AP) — FedEx’s profit jumped 67% in its latest quarter, as online shopping soared among customers avoiding stores and shipments between businesses improved.
The delivery giant reported Tuesday that it earned $1.25 billion during the three months that ended Aug. 31, FedEx’s fiscal first quarter. That was up from $745 million a year earlier.
Its revenue rose to $19.32 billion, up 13% from $17.05 billion in last year’s quarter.
“The growth that we expected to see over a period of three to five years happened in a period of three to five months,” said Raj Subramaniam, president and chief operating officer at FedEx, in a conference call with investors.
Delivery of large packages, furniture and high-value electronics to homes increased, said Brie Carere, executive vice president and chief marketing and communications officer. Shoppers who are over 65 years old “finally moved to online,” and “from an e-commerce perspective I do not anticipate that these buying behaviors will revert back” after the pandemic, she said.
FedEx’s earnings amounted to an adjusted $4.87 a share. That was well ahead of the $2.70 per share expected on average by Wall Street analysts polled by FactSet.
FedEx’s stock jumped 8% in after-hours trading.
Many people are shopping online during the pandemic, which is helping some delivery companies despite widespread economic pain.
“Not all facets of the economy are great right now, far from the case, but when you think about the rising tide that is e-commerce, it’s definitely a powerful thing for a company like FedEx to harness, given the delivery network they have that’s ready to go,” said Matt Arnold, industrials analyst for Edward Jones.
But delivery to homes is less profitable than those between businesses, and business deliveries slowed as the pandemic dragged on and some establishments remained shuttered. FedEx also saw some expenses increase as it purchased personal protective equipment and enhanced cleaning routines to keep its workers safe.
The Memphis-based company did not provide an outlook for the full 2021 fiscal year.
“While business demand improved in the first quarter, continued uncertainties cloud our ability to forecast full-year earnings,” said Alan B. Graf, Jr., FedEx’s chief financial officer.
Revenue in its core Express segment grew to $9.65 billion in the quarter, up from $8.95 billion at the same time last year. Its Ground service grew to $7.04 billion in revenue, up from $5.18 billion at the same time last year.
FedEx is raising its shipping rates by 4.9% for its Express, Ground and Home Delivery services and 4.9% to 5.9% for Freight, beginning in January.
“We’re going into the so-called peak delivery season for the holiday, and we’re seeing e-commerce growth that looks like the holidays, so it’s giving them confidence that they can raise their prices,” Arnold said.
FedEx also has said it plans to hire up to 70,000 seasonal workers to handle extra holiday deliveries, a jump from 55,000 last year.
The BIG C is going to have a BIG monster upside run.
Way oversold!
BIGC
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