BigCommerce: An Unbearable Slowdown [Seeking Alpha]
BigCommerce Holdings, Inc. - Series 1 (BIGC)
Company Research
Source: Seeking Alpha
Follow Summary BigCommerce shares have lost more than 30% of their value this year as growth has slowed down to near zero. In its recently released Q2 results, the company reported just 8% y/y growth, decelerating four points sequentially. Its guidance for Q3 points to even worse growth at 5-8% y/y. The company is hurting particularly in the small business space, where price increases have triggered a y/y reduction in ARR. Though cheap at less than 2x forward revenue, this stock remains a value trap. ArtistGNDphotography Amid worries of a slowing U.S. economy this year, the stock market remains afloat near all-time highs: But many companies, including and especially e-commerce stocks, are reporting poor results and seeing their share prices get whacked in return. BigCommerce ( NASDAQ: BIGC ) is among the notable losers. The e-commerce software platform, a rival of the much larger Canadian-based Shopify ( SHOP ), has shed ~30% of its market value this year, with losses
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BIGC
News
- BigCommerce Holdings Inc (BIGC) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- BigCommerce (NASDAQ:BIGC) Reports Q3 In Line With Expectations, Stock Soars [Yahoo! Finance]Yahoo! Finance
- BigCommerce Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- Earnings To Watch: BigCommerce Holdings Inc (BIGC) Reports Q3 2024 Result [Yahoo! Finance]Yahoo! Finance
- What To Expect From BigCommerce's (BIGC) Q3 Earnings [Yahoo! Finance]Yahoo! Finance
BIGC
Earnings
- 11/7/24 - Beat
BIGC
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 11/6/24 - Form SC
- BIGC's page on the SEC website