Zacks' 7 Best Stocks for June, 2013
FREE Report for Zacks.com
Visitors Only

They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.

Today, you can see them free.

Close This Panel X
  • Latest News
  • Most Popular
View All | Scroll Down Scroll Up

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 05/21/2013

Company Name Symbol %Change
SCIENTIFIC L SCIL
8.00%
FEDERAL MOGU FDML
7.99%
RADIANT LOGI RLGT
4.26%
NATUS MEDICA BABY
4.07%
SUMMER INFAN SUMR
3.92%

Zacks Rank #1 Strong Buys

Analyst Blog

Print
Share

Digital River Extends Agreement

by Zacks Equity Research

November 15, 2012 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Digital River, Inc. ( DRIV - Snapshot Report ) recently extended its agreement with Trend Micro till December 2014.

As a part of the renewal agreement, Digital River will manage the online commerce and e-marketing solutions for select Trend Micro regional e-stores through December 2014.
Being a long standing client since 2001, Trend Micro will continue to work with Digital River’s marketForce interactive agency.
Trend Micro currently uses a broad range of marketForce’s e-marketing services, including program strategy, media buying, coding, creative management, test execution, reporting, optimization and analysis in order to support customer acquisition and improve returns across its offerings.
The company has been on the lookout for to renewal of its agreements with its customers after having lost Symantec Corporation in 2010.
Symantec decided to not renew its e-commerce agreement with Digital River beyond June 30, 2010 and migrated its online store traffic to an internally developed e-commerce system.
During the third quarter, Digital River signed many new and expanded agreements. The company extended its relationship with Siemens, Novell, Corel, Individual Software and Grass Valley. The company also signed multi year extensions with two of its top clients, Trend Micro and Kaspersky.
In 2010, Digital River amended amendment its agreement with Microsoft Corporation ( MSFT - Analyst Report ) and thereby extended the term of the Microsoft Operations Digital Distribution Agreement upto October 31, 2013.
Meanwhile, for 2013, the company is likely to face some headwinds due to macroeconomic conditions, client attrition and additional necessary ramp up in investments to ensure an updated technology infrastructure.
Digital River forecasts that overall softness in the economy, especially in Europe coupled with recent decline in PC sales will make it challenging to post a growth in revenue. The company saw some client attrition in 2012 and expects the same in 2013 along with a decline in supporting business revenue.
We continue to maintain our long-term Neutral recommendation on Digital River. Our recommendation is supported by a Zacks #3 Rank, which translates into a short-term rating of Hold.

Read the full reports :

Email Print Share Rate Pos Rate Neg

Disclosure / Disclaimer Link
Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.
Quick Links

Services

My Account

Resources

Client Support

Follow Us

Facebook

Twitter

Linkedin

RSS

You Tube

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.

Copyright 2013 Zacks Investment Research

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.

Visit performance for information about the performance numbers displayed above.

NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.