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Pitney Bowes Inc.

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Pitney Bowes’ concerted efforts to transform its business over the past three years have finally started to show results, as is evident from growth across most business lines during first-quarter 2017. Especially, the company’s Software business witnessed a rebound on the back of these concerted initiatives, after years of dismal performance. This apart, Pitney Bowes' efforts to optimize its new enterprise business platform to boost profitability are showing impressive results. Going forward, the company believes that positive industry trends, new products and digital capabilities within SMB and robust momentum of Global Ecommerce will act as strong growth drivers. Despite these positives, over the past six months, Pitney Bowes’ shares have underperformed the Zacks categorized Office Automation & Equipment. High incremental marketing expense and prolonged weakness in mailing business pose as major headwinds.

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