Pitney Bowes (PBI) Rolls Out Cross-Border Shopping Website
Globale-Commerce solutions provider, Pitney Bowes PBI, launched a powerful online shopping website, Borderfree.com, to cash in on the upcoming holiday season. This will help customers access celebrated retail brands across the globe. With more than two thirds of the global population shopping across the border, the company believes that Borderfree.com will be the perfect springboard to take cross-border shopping to the next level.
Pitney Bowes is offering free sign-up on the website for cross-border customers to pull in maximum traffic. Thus, it is capitalizing on the impending sales spike during the holidays. Customers will be able to access exclusive deals, duty-free products and much more. The website also offers multilingual customer support services, ability to track orders and flexible payment methods in different currencies.
In addition, Borderfree.com has also launched a special service – 2016 Holiday Gift Guide – which will provide customers with unique gifting ideas to zero in on the ideal gifts. More than 100,000 shoppers from around the world have signed on this website to shop items which are locally unavailable.
Global Ecommerce business, which includes cross-border ecommerce solutions and shipping management solutions, has been the strongest growth driver for Pitney Bowes’ Digital Commerce Solutions (“DCS”) in the past few quarters. The strategic timing of the website launch is expected to boost revenues of the DCS segment.
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As a matter of fact, the company's Global Ecommerce business has charted a robust growth trajectory ever since Pitney Bowes completed the Borderfree buyout. This buyout has also contributed to the overall capability mix by providing best-in-class capabilities. For the rest of 2016, Pitney Bowes anticipates its DCS business to continue generating high revenues, mainly aided by efforts of the U.S. and UK retailers, to promote sales efforts in Asia, particularly China.
Despite a sturdy Global Ecommerce Business, Pitney Bowes has been grappling with a host of macroeconomic issues which may thwart its near-term growth. The company has been unable to generate a tangible positive impact on its software business despite taking multiple measures pertaining to software business transformation. Also, foreign currency fluctuations add to its concerns. Moreover, a rise in the company’s operating and marketing expenses are likely to put pressure on margins of this Zacks Rank #4 (Sell) company in the near term.
Stocks to Consider
Some better-ranked stocks in the broader computer & technology sector, include Cirrus Logic Inc. CRUS, Aspen Technology, Inc. AZPN and Guidance Software, Inc. GUID. While Cirrus Logic sports a Zacks Rank #1 (Strong Buy), Aspen Technology and Guidance Software carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Cirrus Logic is a premier supplier of high performance analog circuits and advanced mixed-signal chip solutions. The company has managed to beat earnings estimates thrice in the trailing four quarters, with an average beat of 53.7%.
Aspen Technology deals in process optimization software and services. It boasts a remarkable average surprise of 23.6% in the trailing four quarters, having surpassed estimates strongly in each of them.
Guidance Software, an industry leader in digital investigative solutions, also has an impressive earnings history, having beaten estimates in all four trailing quarters, for an average surprise of 18.6%.
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