LeaderOne Chooses Ellie Mae - Analyst Blog
18 Junho 2012 - 8:00AM
Zacks
Last week, Ellie
Mae (ELLI) received a contract from LeaderOne Financial,
Overland Park, KS for its Encompass360 platform. After thoroughly
evaluating a total of nine loan origination systems (LOS), the
company finally chose the Encompass360 solution.
David Pearson, chief operating
officer and executive vice president of operations for LeaderOne
averred that other than the regular features, what provided an edge
over other LOS platforms was the advanced controlling along with
flexibility, adaptability and reporting ability features of the
Encompass360. Apart from this, the Success-Based Pricing model of
Ellie Mae ossified faith in the company even more.
Ellie Mae seems well positioned to
secure a formidable position in the industry for the time being. On
May 2, 2012, the company reported its first quarter financial
results of 2012, whereby revenues jumped almost 97% annually to
reach $20.9 million for the quarter. It is noteworthy that the
number of Encompass users surged 15% year over year to reach a
whopping 58,844 by the end of the first quarter. We can remain
perspicacious of the company’s Encompass prospects with the current
turn of events to behold yet another strong upcoming quarter of
2012.
With its current burgeoning growth
trend, the company expects consolidated revenues of 2012 to be
within $78 million and $79 million. This denotes a rise of around
40.5% - 42.3% compared to 2011 which is a credible increase for
Ellie Mae.
However, it would be wise to be
wary of the ominous rivals in the industry at all times. Big
players in this regard include The Active Network,
Inc. (ACTV), Demandware, Inc. (DWRE) and
ExactTarget, Inc. (ET).
The company currently retains a
Zacks #2 Rank, which translates into a short-term ‘Buy’ rating. We
also maintain a long-term ‘Neutral’ recommendation on the
stock.
ACTIVE NETWORK (ACTV): Free Stock Analysis Report
DEMANDWARE (DWRE): Free Stock Analysis Report
ELLIE MAE INC (ELLI): Free Stock Analysis Report
EXACTTARGET INC (ET): Free Stock Analysis Report
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