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	<title>Stock Blog Hub &#187; Shutterfly</title>
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		<title>(SFLY) Shutterfly Lowered to Neutral</title>
		<link>http://www.stockbloghub.com/2010/02/14/sfly-shutterfly-lowered-to-neutral/28023</link>
		<comments>http://www.stockbloghub.com/2010/02/14/sfly-shutterfly-lowered-to-neutral/28023#comments</comments>
		<pubDate>Sun, 14 Feb 2010 22:29:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[SFLY]]></category>
		<category><![CDATA[Shutterfly]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28023</guid>
		<description><![CDATA[We are lowering our recommendation on the shares of Shutterfly Inc. (SFLY) to Neutral. Shutterfly’s fourth quarter earnings of 88 cents per share were well ahead of the Zacks Consensus Estimate of 70 cents, driven primarily by better-than-expected growth in revenue. Net revenues were up 22% from the prior-year quarter to $131.1 million. For full year 2009, Shutterfly earned $5.9 million or 22 cents per share, up from $3.7 million or 14 cents per share a year ago. Revenues were up 15% to $246.4 million. For the first quarter, Shutterfly expects net revenues in the range of $40.0 million to $42.0 million, an 11% to 17% increase from the prior-year quarter. The company expects to post a loss of 12 cents to 15 cents per share, excluding one-time items. On ]]></description>
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		<title>(SFLY) Shutterfly Incorporated &#8211; Bull of the Day</title>
		<link>http://www.stockbloghub.com/2010/01/07/sfly-shutterfly-incorporated-bull-of-the-day/24377</link>
		<comments>http://www.stockbloghub.com/2010/01/07/sfly-shutterfly-incorporated-bull-of-the-day/24377#comments</comments>
		<pubDate>Thu, 07 Jan 2010 18:08:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[SFLY]]></category>
		<category><![CDATA[Shutterfly]]></category>

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		<description><![CDATA[We are upgrading our recommendation on the shares of Shutterfly (SFLY) to Outperform. Increased usage of digital cameras combined with accessibility of high-speed internet provides significant expansion potential for the company. Product innovation, strategic partnerships with retailers and opportunistic acquisitions also augur well. We believe Shutterfly&#8217;s focus on developing a successful commercial printing business aided by strategic partnerships will significantly contribute to its earnings. On the downside, we see a continuation of pricing pressure in its printing business. Also, a weak economy and rising unemployment will negatively impact the company&#8217;s profitability as the consumers&#8217; discretionary spending is expected to be restricted in the near term. Zacks Investment Research]]></description>
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		<title>(SFLY) Shutterfly Analysts Upgrade to Outperform</title>
		<link>http://www.stockbloghub.com/2010/01/05/sfly-shutterfly-analysts-upgrade-to-outperform/24119</link>
		<comments>http://www.stockbloghub.com/2010/01/05/sfly-shutterfly-analysts-upgrade-to-outperform/24119#comments</comments>
		<pubDate>Tue, 05 Jan 2010 18:59:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[SFLY]]></category>
		<category><![CDATA[Shutterfly]]></category>
		<category><![CDATA[Target Corporation]]></category>
		<category><![CDATA[TGT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24119</guid>
		<description><![CDATA[We are upgrading our recommendation on the shares of Shutterfly Inc. (SFLY) to Outperform. Increased usage of digital cameras combined with accessibility of high-speed internet provides significant expansion potential for the company. Product innovation, strategic partnerships with retailers and opportunistic acquisition also augur well. We believe Shutterfly’s focus on developing a successful commercial printing business aided by strategic partnerships will significantly contribute to its earnings. Shutterfly’s third-quarter loss of 25 cents per share was 4 cents better than the Zacks Consensus Estimate, primarily driven by a better-than-expected growth in revenue. Shutterfly is innovating in the Personalized Products and Services category to drive print customers toward higher revenue and higher margin products. The company has already begun to realize leverage in its business model in gross margins, operating margins and capital ]]></description>
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		<title>(SFLY) Shutterfly Betters Consensus Estimates</title>
		<link>http://www.stockbloghub.com/2009/11/02/sfly-shutterfly-betters-consensus-estimates/19477</link>
		<comments>http://www.stockbloghub.com/2009/11/02/sfly-shutterfly-betters-consensus-estimates/19477#comments</comments>
		<pubDate>Tue, 03 Nov 2009 04:52:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[SFLY]]></category>
		<category><![CDATA[Shutterfly]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19477</guid>
		<description><![CDATA[Shutterfly Inc.’s (SFLY) third quarter loss of 25 cents a share was four pennies better than the Zacks Consensus Estimate of -29 cents per share. The company had reported a loss of 11 cents in the year-ago quarter. The results were driven by a better-than-expected growth in revenue. Shutterfly’s business is highly seasonal, with a large proportion of net revenues, net income and operating cash flows being generated during the third quarter. Net revenue was up 13% from the prior-year quarter to $40.5 million, attributable to increases in personalized products and services revenues. Personalized products and services revenues were $23.6 million, up 22% over the prior-year quarter, while print revenues decreased 6% year-over-year to $15.6 million. The total number of customers totaled 982,000, an increase of 7% from the prior-year ]]></description>
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		<title>(SFLY) Shutterfly Inc Buys Tiny Pictures</title>
		<link>http://www.stockbloghub.com/2009/09/16/sfly-shutterfly-inc-buys-tiny-pictures/15363</link>
		<comments>http://www.stockbloghub.com/2009/09/16/sfly-shutterfly-inc-buys-tiny-pictures/15363#comments</comments>
		<pubDate>Wed, 16 Sep 2009 22:37:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[ADBE]]></category>
		<category><![CDATA[Adobe Systems Inc.]]></category>
		<category><![CDATA[SFLY]]></category>
		<category><![CDATA[Shutterfly]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15363</guid>
		<description><![CDATA[Earlier this week, Shutterfly Inc. (SFLY) bought Tiny Pictures for $1.3 million in cash and another $1.3 million in restricted stock with some performance triggers to employees. The acquisition will help Shutterfly to expand its mobile offerings by using Tiny Pictures’ mobile expertise. Tiny Pictures has been facing tough competition from the flurry of photo sharing sites on the Web in recent years. Investors Draper Fisher Jurvetson, Reid Hoffman, Joi Ito and Mohr Davidow Ventures expect the company to produce very low returns going forward. Since its inception in 2005, Tiny Pictures has raised $11.2 million in two installments. Tiny Pictures runs a site called Radar.net, which allows mobile sharing and is integrated with Twitter, Facebook, Flickr and other social networks. Shutterfly wants to apply some of these social media ]]></description>
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