Report
Brian Colello
EUR 100.00 For Business Accounts Only

Shopify Defends Its Switching Costs Among the Competition

Shopify had the fourth quarter in the bag, but a spending spree in the 2019 outlook mitigates our profitability expectations for the firm in the near term. At checkout, Shopify reported fourth-quarter revenue surpassing our projections by a decent amount, while operating losses were not as bad as we expected for the growing software company. However, in 2019, Shopify will spend a significant amount on brand awareness and R&D to capture more international merchants. We now expect narrow-moat ...
Underlying
SHOPIFY INC.

Shopify provides a cloud-based commerce platform designed for small and medium-sized businesses. Merchants use its software to run their business across all of their sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops. Co. provides a platform for merchants to create an omni-channel experience that helps showcase the merchant's brand and grow its business. Co.'s platform provides merchants with a single view of their business and customers across all of their sales channels and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Colello

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