CYBS CyberSource Corporation featured news, full reports, and detailed charts
CyberSource Corporation (CYBS) Wrap Up:
CyberSource Corporation (“CyberSource” or the “Company”) is a leading provider of electronic payment and risk management solutions to organizations that process orders for goods and services over the Internet, which is referred to herein as ePayment Management. We partner with and connect to a large network of payment processors and other payment service providers to offer merchants a single source solution that simplifies ePayment Management. Our payment solutions allow eCommerce merchants to accept a wide range of online payment options, from credit cards and electronic checks, to global payment options and emerging payment types. CyberSource also offers industry leading risk management solutions to help online merchants address complexities such as credit card fraud, online tax requirements, and export controls. CyberSource Professional Services help to design, integrate, and optimize commerce transaction processing systems for merchants. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f11%2f0001193125-08-052846.html#FIS_BUSINESS"CyberSource Corporation (CYBS:NASDAQ)
Snapshot of CyberSource Corporation (CYBS)
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OPEN
$16.72
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PREVIOUS CLOSE
$16.85
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DAY HIGH
$16.95
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DAY LOW
$16.58
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52 WEEK HIGH
10/20/09 - $19.47
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52 WEEK LOW
11/21/08 - $6.00
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MARKET CAP
1.2B
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AVERAGE VOLUME 3 mo
469.4K
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DILUTED EPS TTM
$0.22
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SHARES OUTSTANDING
70.0M
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CYBS Does Not Pay Dividends
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P/E TTM
74.2x
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related news
CYBS Top Compensated Officers
Executives, Board Directors
Key developments for CyberSource Corporation (CYBS)
CyberSource Corporation reported unaudited consolidated financial results for the third quarter and first nine months ended September 30, 2009. The company reported that third quarter revenue was $65.7 million, a 14% increase compared to $57.7 million in the same period the previous year. On a GAAP basis, net income for the third quarter of 2009 was $2.7 million and basic and diluted earnings per share was $0.04 compared to net income of $207,000 and breakeven earnings per share in the third quarter of 2008. Non-GAAP net income for the third quarter was $14.8 million, a 26% increase compared to $11.7 million for the third quarter of 2008. Non-GAAP earnings per share for the third quarter were $0.20, a 25% increase compared to $0.16 earnings per share for the third quarter of 2008. Non-GAAP net income excludes stock-based compensation expense, the non-cash portion of the tax provision, depreciation and amortization expense, and certain non-recurring items. Income from operations for the period was $3.36 million compared to loss from operations of $178,000 for the same period previous year. Income before income taxes for the period was $3.69 million compared to $313,000 for the same period previous year. Net cash provided by operating activities for the period was $15.61 million compared to $15.75 million for the same period previous year. Expenditure on purchases of property and equipment for the period was $6.04 million compared to $5.15 million for the same period previous year. For the nine months, the company reported net income of $5.88 million or $0.08 per basic and diluted share on revenues of $189.04 million compared to net income of $695,000 or $0.01 per basic and diluted share on revenues of $166.77 million for the same period previous year. Income from operations for the period was $8.33 million compared to loss from operations of $440,000 for the same period previous year. Income before income taxes for the period was $8.84 million compared to $1.04 million for the same period previous year. Non-GAAP net income for the period was $41.18 million or $0.58 per diluted share compared to $34.51 million or $0.48 per diluted share for the same period previous year. Net cash provided by operating activities for the period was $37.39 million compared to $39.89 million for the same period previous year. Expenditure on purchases of property and equipment for the period was $12.63 million compared to $10.42 million for the same period previous year. The company provided earnings guidance for the fourth quarter ending December 31, 2009. For the quarter, the company expects total revenue to be between $73.0 and $74.0 million. The company expects to record GAAP net income in the fourth quarter of between $2.1 and $2.6 million and earnings per share of between $0.03 and $0.04. Non-GAAP net income for the fourth quarter is expected to be between $14.7 and $15.2 million and non-GAAP earnings per share to be between $0.20 and $0.21. The company revised earnings guidance for the full year ending December 31, 2009. For the year, the company expects total revenue to be between $262.0 and $263.0 million, compared to prior guidance of between $260.0 and $263.0 million. GAAP net income for 2009 is expected to be between $7.9 and $8.4 million, compared to prior guidance of between $6.5 and $7.0 million. GAAP earnings per share for 2009 is expected to be $0.11 per share compared to prior guidance of between $0.09 and $0.10 per share. Non-GAAP net income for the full year 2009 is expected to be between $55.8 and $56.3 million, compared to prior guidance of $54.0 and $55.0 million. Non-GAAP earnings per share is expected to be between $0.76 and $0.77 compared to prior guidance of between $0.74 and $0.75. The company also announced that effective January 1, 2010, the Board of Directors has promoted Michael Walsh to President and Chief Executive Officer of the company. Mike has been with CyberSource for over ten years and has served as Senior Vice President of Worldwide Sales for the last five years. Prior to CyberSource, Mike was at Oracle and Merrill Lynch. In addition, Scott Cruickshank, its President and COO, will be leaving the company.
William S. McKiernan is resigning as CyberSource Corporations Chief Executive Officer, effective January 1, 2010. Mr. McKiernan will remain with the company as Executive Chairman.
CyberSource Corporation provided capital expenditure guidance for the fourth quarter of 2009. The company expects capital spending for the quarter is expected to be between $1 million and $2 million.
CYBS Competitors
| Company | Last | Change |
| AdStar Inc | $0.0070 USD | 0.00 |
| Digital River Inc | $26.04 USD | -0.18 |
| GSI Commerce Inc | $22.12 USD | +0.15 |
| LML Payment Systems Inc | $0.79 USD | +0.022 |
| Warp 9 Inc | $0.0080 USD | +0.0007 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CYBS | Industry Range |
| Price/Earnings | 74.8x |
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| Price/Sales | 4.6x |
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| Price/Book | 2.2x |
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| Price/Cash Flow | 73.3x |
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| TEV/Sales | 4.2x |
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CYBS |
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CYBS transactions
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| No transactions in the last 6 months. | ||
More Recent News About CyberSource Corporation
More news for CYBS
CyberSource Payment Tokenization Now Includes Automated Account Updating
MOUNTAIN VIEW, Calif., Oct. 19, /PRNewswire-FirstCall/ -- CyberSource Corporation (Nasdaq: CYBS - News) today announced the incorporation of automated account updating services into its suite of Enterprise Payment Security 2.0 solutions. Customer billing records tokenized in CyberSource's remote secure storage servers can now be automatically updated with new account information (such as bank card expiration data or replacement card number) via the CyberSource Account Updater Service. (Logo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO)With tokenization, when payment transactions are sent to CyberSource for processing, CyberSource, not the merchant, stores the raw payment data in its secure systems and assigns each transaction a string of characters, a "payment token." Payment tokens enable merchants to use transaction information for tasks such as recurring billing, issuing credits, all without exposing the actual data of the transaction. Finally, tokenization does not involve storing or keeping track of monetary values of cards. The form of the tokens and their functions render them useless to hackers or even to merchant employees who might wish to make illegal use of customer data."The point of integrating tokenization with account updating is to simultaneously incre...Click here to read the whole Article (external link)
CyberSource Sets Release Date for Third Quarter Financial Results
MOUNTAIN VIEW, Calif., Oct. 14 /PRNewswire-FirstCall/ -- CyberSource Corporation (Nasdaq: CYBS - News), a leading provider of electronic payment and risk management solutions, will report financial results for its third quarter ended September 30, 2009, after the close of regular market trading on Thursday, October 22, 2009. (Logo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO)The company will host a public conference call following the release of the financials to discuss the results and current business developments. Bill McKiernan, CyberSource's Chairman and Chief Executive Officer, and Steven Pellizzer, Chief Financial Officer, will host the conference call. The conference call will take place on Thursday October 22, 2009 at 4:30 p.m. Eastern (1:30 p.m. Pacific) and can be accessed by either of the following methods:Live conference call888-585-4496 (U.S. and Canada), 706-634-9580 (local and international). The call's conference ID number is: 32990443. A taped replay of this call will be available through December 31, 2009. The dial-in numbers for the taped replay are: 800-642-1687 (U.S.) 706-645-9291 (local and international). Conference ID is as above.Live web cast...Click here to read the whole Article (external link)
Q3 2009 Cybersource Corporation Earnings Release - After Market Close
Earnings Announcements for Thursday, October 22CompanySymbolTimeConferenceCall1-800-FLOWERS.COMFLWSBefore Market Open1st SourceSRCEAfter Market Close3M CompanyMMMBefore Market OpenAcacia Research CorporationACTGAfter Market CloseListenAffiliated Computer ServicesACSAfter Market CloseAkeena SolarAKNSBefore Market OpenAker SolutionsAKSO.OL02:00 am ETAlaska Air Group, Inc.ALKBefore Market OpenListenAlexion PharmaceuticalsALXNBefore Market OpenAlign TechnologyALGN4:00 pm ETAmadeus Fire AGAAD.FTime Not SuppliedAmazon.com, Inc.AMZNAfter Market CloseListenAmerican Express CompanyAXPAfter Market CloseListenAmerican River BanksharesAMRBTime Not SuppliedAmSurgAMSG4:00 pm ETListenAssociated Banc-CorpASBC1:00 pm ETAT&TTBefore Market Open...Click here to read the whole Article (external link)
CyberSource Announces Third Quarter 2009 Financial Results
MOUNTAIN VIEW, Calif., Oct. 22 /PRNewswire-FirstCall/ -- CyberSource Corporation (Nasdaq: CYBS - News), a leading provider of electronic payment and risk management solutions, today announced financial results for its third quarter ended September 30, 2009. (Logo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO)"Our strong results this quarter reflect our expanding customer base and our successful expansion internationally. Even with a turbulent economy, our transaction volumes were up 30% over the prior year, to a record 611 million transactions, and we added 35,000 new customers and over 500 new channel partners. I am very pleased with the strength and underlying trend of these numbers, which reflect our broad base of channel partners and the growth of new business formation in eCommerce. Our GAAP Gross Profit was $34.8 million, and Non-GAAP Gross Profit was $38.5 million, both up 18% over last year, primarily as a result of the strength in our gateway and small business offerings," said Bill McKiernan, Chairman and Chief Executive Officer of CyberSource."I am also very excited to announce that effective January 1, 2010, the Board of Directors has promoted Michael Walsh to President & Chief Executive Officer of CyberSource. Mike has been with CyberSource for ...Click here to read the whole Article (external link)
Gamblers, Ramblers, and Troublemakers: 5 Stocks Ready to Rock
David Goodboy is Vice President of Business Development for a New York City based multi-strategy fund. If you want to see the motivations and true selves of hard core gamblers spend some time in a Las Vegas Casino. It is very interesting to watch the stages the average slot machine player goes through as they continuously lose pulling the arm of the one armed bandit. Happiness and joy eventually turn into desperation as the losing masses start to ramble from machine to machine hoping against hope to find a winner.During this time, the casino is often offering free drinks and other distractions to keep their minds off of their bank roll losing behavior. However, this alcohol altered state combined with the depression of constant losing can easily turn into bringing out the worse behavior. The once mild mannered gambler turns into a first class troublemaker. I have witnessed hitting of the machine, verbal abuse to fellow patrons and staff, and actual fisticuffs as security eventually escorts the frustrated and drunk player back out to the street. These people have no edge and do not have any understanding of probabilities; otherwise they would not be playing games they are guaranteed to lose.Unfortunately, many short-term stock traders don't have an edge when it comes to picking stocks to trade. They keep moving from tip to tip and from news story to news story, like the slot machine players profiled earlier, trying to locate companies that will outperform over the short-term. This gambling like behavior generally results in losses.We have discovered an easy 3 step method that has been proven time and time again to firmly place the odds of success in your corner when choosing shares for short-term gains. This system allows you to sidestep the masses that use the stock market as a casino and join the traders that use the wi...Click here to read the whole Article (external link)
CYBERSOURCE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Change in Directors or Principal
Show all filings for CYBERSOURCE CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for CYBERSOURCE CORP 22-Oct-2009Results of Operations and Financial Condition, Change in Directors or Principal Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provi...Click here to read the whole Article (external link)
CYBERSOURCE CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue65,662 62,889 60,491 62,254 Cost of Revenue30,843 29,231 27,981 30,263 Gross Profit34,819 33,658 32,510 31,991 Operating ExpensesResearch Development7,407 6,612 6,454 5,967 Selling General and Administrative24,043 23,599 24,534 24,786 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss3,369 3,447 1,522 1,238 Income from Continuing OperationsTotal Other Income/Expenses Net330 60 115 1,090 Earnings Before Interest And Taxes3,699 3,507 1,637 2,328 Interest Expense - - - - Income Before Tax3,699 3,507 1,637 2,328 Income Tax Expense1,005 1,326 627 (7,706)Minority Interest - - - - Net Income From Continuing Ops2,694 2,181 1,010 10,034 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - ...Click here to read the whole Article (external link)
Up-and-Coming PayPal: Under the Radar
Stock quotes in this article: CYBS , AMZN , WMT , ...Click here to read the whole Article (external link)
CYBERSOURCE CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Statement Regarding Forward-Looking Statements This Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") adopted pursuant to the Private Securities Litigation Reform Act of 1995. Statements that are not purely historical may be forward-looking, including statements regarding our expectations, objectives, anticipations, estimations, intentions, plans, hopes, beliefs or strategies regarding the future. Such forward-looking statements include, but are not limited to statements regarding dividend payments, changes in revenue and expense levels, sufficiency of cash resources and liquidity, realization of goodwill, impact of acquisitions, valuation determinations, the effect of competition, growth levels, fraud-prevention in connection with our services and platform, intellectual property protection, legal proceedings, and regulatory impact. Such forward looking statements include, but are not limited to our expectations: • that analysis and design early in the project lifecycle reduces the number and costs of defects that may be found in later stages; • regarding the effectiveness of our systems and procedures to detect and prevent consumer and merchant fraud; • regarding our ability to prevent security breaches and maintain confidential data; • that we will be able to prevent system disruptions and accommodate increases in volume demand; • regarding the continuity of our bank sponsor relationship; • strength and growth of our small business and gateway offerings as well as our channel partners; • about the impact of our lawsuit with ReD and other litigation matters; • about the prospect of international expansion representing a majo...Click here to read the whole Article (external link)
Merchants Hit Back at eCommerce Fraud
MOUNTAIN VIEW, Calif., Nov. 17 /PRNewswire-FirstCall/ -- Results of the eleventh annual CyberSource Corporation (Nasdaq: CYBS - News) survey of eCommerce fraud, released today, show that merchants in 2009 were fighting back against fraud, and seeing considerable evidence of success. U.S. and Canadian merchants expect to lose about $3.3 billion to eCommerce fraud this year, down from $4 billion last year. This is the first drop in estimated revenues lost since 2003. The percentage of revenue merchants predict they will lose in 2009, on average, is 1.2%, the lowest estimate in the 11-year history of the survey. (Logo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO)"The eCommerce fraud picture has typically been one of worsening merchant losses," said Doug Schwegman, CyberSource Director of Market and Customer Intelligence. "This year, merchants have won back some ground. In an economy where many predicted fraud challenges would increase, eCommerce merchants in the U.S. and Canada fared better than they have in the past against fraudulent online payment. There are still many ongoing challenges, including better and more sophisticated efforts on the part of fraudsters, but it is a pleasure to report on progress made."Gains a result of better tools, merchant effort...Click here to read the whole Article (external link)