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November 24, 2009 1:38 AM ET

Digital River Inc.

(DRIV:NASDAQ)

LAST $26.44 USD
CHANGE TODAY +0.40 1.54%
VOLUME 810.8K
As of 4:00 PM 11/23/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Digital River Inc. (DRIV)

OPEN
$26.39
PREVIOUS CLOSE
$26.04
DAY HIGH
$26.69
DAY LOW
$26.27
52 WEEK HIGH
06/5/09 - $41.20
52 WEEK LOW
11/24/08 - $18.84
MARKET CAP
1.0B
AVERAGE VOLUME 3 mo
992.3K
DILUTED EPS TTM
$1.46
SHARES OUTSTANDING
38.6M
DRIV Does Not Pay Dividends
P/E TTM
18.2x
K = Thousands  M = Millions  B = Billions

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DRIV Details

Digital River, Inc., together with its subsidiaries, provides outsourced e-commerce solutions in the United States, Europe, and the Asia Pacific. Its services assist in establishing an online sales channel capability and to manage online sales. The company offers design, development, and hosting of online stores and shopping carts; store merchandising and optimization; order management; fraud prevention screening; export controls and management; tax compliance and management; digital product delivery through download; physical product fulfillment; subscription management; denied parties screening; multilingual customer service; online marketing, including email marketing; management of paid search programs; payment processing services; Web site optimization; Web analytics and reporting; and CD production and delivery solutions. Digital River also provides paid search advertising, search engine optimization, affiliate marketing, store optimization, and email optimization services. It serves software, consumer electronics, and computer and video game product manufacturers, as well as online channel partners, including retailers and affiliates through the Internet. The company was founded in 1994 and is headquartered in Eden Prairie, Minnesota.

DRIV Top Compensated Officers

Founder, Chief Executive Officer and Director
Age: 52
Total Annual Compensation: $450.0K
Chief Financial Officer, Principal Accounting...
Age: 45
Total Annual Compensation: $300.0K
Vice President, Secretary and General Counsel
Age: 53
Total Annual Compensation: $256.0K
Compensation as of Fiscal Year 2008.

Key developments for Digital River Inc. (DRIV)

Digital River Inc. Signs THQ Inc. as a Client

Digital River Inc. announced that it has signed THQ Inc. as a client. As part of an e-commerce agreement between the companies, Digital River is hosting and managing a THQ online store. The new U.S. store supports digital download sales of THQ's PC games, including popular titles such as Warhammer(R) 40,000(TM): Dawn of War(R) II and Red Faction(R): Guerrilla(TM).

Digital River Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2009

Digital River Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's revenue totaled $99.4 million, compared to $96.3 million during the same period in 2008. These results exceeded management's third quarter revenue guidance of $96.5 million to $98.5 million. GAAP net income was $11.0 million or $0.29 per diluted share, compared to GAAP net income of $15.6 million or $0.39 per diluted share, in the third quarter of 2008. These results were consistent with management's third quarter earnings guidance of $0.26 per diluted share to $0.29 per diluted share. Non-GAAP net income was $15.9 million or $0.42 per diluted share, compared to non-GAAP net income of $19.2 million or $0.46 per diluted share, in the third quarter of 2008. These results exceeded management's third quarter earnings guidance of $0.38 per diluted share to $0.41 per diluted share. Income from operations was $14.6 million compared to $17.5 million a year ago. Income before income tax expense was $15.4 million compared to $20.6 million a year ago. For the nine months, the company reported net income of $39.4 million or $1.05 per basic and diluted share on revenue of $298.9 million, compared to net income of $47.14 million or $1.15 per basic and diluted share on revenue of $298.3 million, a year ago. Income from operations was $50.4 million compared to $52.4 million a year ago. Income before income tax expense was $52.9 million compared to $63.6 million a year ago. Net cash provided by operating activities was $106.2 million compared to $76.6 million a year ago. Purchases of equipment and capitalized software were $26.1 million compared to $15.2 million a year ago. The company provided earnings guidance for the fourth quarter and full year of 2009. For the quarter, the company expects total revenue to be in the range of $94 million to $98 million; GAAP diluted net income per share of $0.18 to $0.22, assuming a 25% tax rate; and non-GAAP diluted net income per share of $0.30 to $0.34, assuming a 27% tax rate. For the full year, the company expects revenue of approximately $393 million to $397 million; GAAP diluted net income per share of $1.23 to $1.27, assuming a 25.5% tax rate; and non-GAAP diluted net income per share of $1.69 to $1.73, assuming a 27% tax rate.

Digital River Inc. Provides Capital Expenditures Guidance for the Full Year 2009

Digital River Inc. provided capital expenditures guidance for the full year 2009. The company expects capital expenditures to be less than $34 million.

BusinessWeek Rankings

Hot Growth 100
2006  #59

Stock Quotes

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DRIV Competitors

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View Industry Companies
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Industry Analysis

Valuation DRIV Industry Range
Price/Earnings 18.3x
Price/Sales 2.5x
Price/Book 1.5x
Price/Cash Flow 12.6x
TEV/Sales 1.5x

DRIV

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