Posts tagged “ChannelAdvisor”
Wall Street investors abandoned ChannelAdvisor shares in droves Tuesday after the Morrisville-based company announced it would miss earnings estimates. Several analysts cut ratings on the stock, which fell some 54 percent. Meanwhile, at least three law firms announce investigations. Jim Cramer of TheStreet.com and CNBC called the stock a "black hole."
ChannelAdvisor warns investors it will miss its revenue guidance for the fourth quarter, and the news triggers a huge sellout in the ecommerce service provider's stock. CEO Scot Wingo blames shift in business to large customers who receive discounts.
Scot Wingo not only runs ChannelAdvisor, which he took public, but also actively invests in startups. He hopes to help other entrepreneurs succeed as he has. But his latest move means offering even more formal advice . Wingo is the latest board member at South Carolina-based ZVerse.
The latest ecommerce data is in and it shows a record-setting "Cyber Monday" with sales topping $2 billion for the first time. But Scot Wingo, CEO of global ecommerce services firm ChannelAdvisor, says buyers have definitely "shifted forward" to buying earlier in order to cash in on deals.
Scot Wingo, co-founder and CEO of global ecommerce services provider ChannelAdvisor and an angel investor' is making a play in the mobile app space. He's backing Spiffy, a Triangle-based mobile car wash venture powered by a mobile app. ExitEvent's Laura Baverman has the details.
Global ecommerce services provider ChannelAdvisor is expanding its product suite through an acquisition. The Morrisville-based company says it is buying E-Tale Holdings, a U.K.-based firm offering "Where to Buy" technology. Meanwhile, its latest earnings report lifts shares.
Red Hat's new 'cloud' startup plan; Microsoft launches 'Health,' fitness band; Google 'tax;' bioMerieux 1-hour Ebola test; ChannelAdvisor adds home improvement
In today's Bulldog wrapup of tech and life science news: Red Hat aims to help startups go "cloud;" Microsoft is getting into fitness; Spain passes Google tax; a bioMerieux subsidiary offers 1-hour Ebola test; and ChannelAdvisor adds home improvement to its ecommerce suite.
Scot Wingo co-founded ChannelAdvisor and as CEO took the company public in 2013. In the latest post he wrote for ExitEvent, he discusses how to get "the startup engine going."
ChannelAdvisor went public just a year ago, but the Morrisville-based provider of international ecommerce services has not let up on new product development. Looking for ways to expand its market, the company hired an outside research firm to conduct an in-depth survey among hundreds of firms utilizing ecommerce. What did ChannelAdvisor find out, and how are the results shaping future plans? WRAL TechWire has the details for Insider subscribers.
Channel Advisor is seeing early dividends from its recent investments in China as company president and COO David Spitz spelled out in a conference call Monday to discuss ChannelAdvisor's most recent quarterly earnings.
Twitter tests new hastags; Nortel pensioners fight deal; ChannelAdvisor-Yahoo deal; T-Mobile's new bidder
In today's wrapup of technology news: The Wall Street Journal says Twitter is testing new hashtags; Nortel pensioners don't like bankruptcy deal; ChannelAdvisor makes a deal with Yahoo; French firm bids for T-Mobile.
This is part one of a three-part series on how to turn ideas into companies. This story features Scot Wingo, co-founder and CEO of ChannelAdvisor, and is part the news partnership between WRAL TechWire and ExitEvent.
Ecommerce services provider ChannelAdvisor, which went public a year ago, reports record revenues for its most recent quarter - a 30 percent jump - and CEO Scot Wingo has aggressive plans to drive even more growth. That means more jobs. "Of course we have an aggressive plan," Wingo says, "which means you can't rest."
Ecommerce services provider ChannelAdvisor recently expanded its efforts into sales-rich China and on Tuesday disclosed a deal with the Chinese Internet giant Alibaba designed to further expand sales. Also, the Morrisville-based firm rolled out a new tool that it sales will help clients better manage sales campaigns across multiple ecommerce platforms.
If you are an entrepreneur looking for investors or you are a person of worth casting about for a possible deal, then you need to be among the more than 200 people attending the Entrepreneurs' Series event next week where the topic is the 2014 deal climate.