The Latest Breaking News from GLBE

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Global-E Online Ltd (NASDAQ:GLBE) has entered into a definitive agreement with Pitney Bowes Inc (NYSE:PBI) to acquire Borderfree cross-border eCommerce solutions business for about $100 million in cash. Borderfree helps retailers enter new global markets by localizing their domestic websites in 200+ countries and territories. The acquisition is expected to strengthen Global-E's platform offering for…

Despite increasing revenue by 65% in the first quarter of 2022, Global-e Online Ltd.’s (GLBE) net loss widened compared to the year-ago period. Although the company has signed new partnerships with global brands, it has reduced its revenue outlook for fiscal 2022 due to macroeconomic and geopolitical uncertainties. So, is…

Global-E Online Ltd (NASDAQ:GLBE) reported first-quarter FY22 sales growth of 65.4% year-over-year, to $76.32 million, beating the consensus of $74.98 million. Gross Merchandise Value (GMV) rose 71% Y/Y to $455 million. Adjusted gross margin expanded by 580 bps to 39.1%. Loss per share was $(0.35), versus $(0.08) last year. The company incurred…

Morgan Stanley has decided to maintain its Overweight rating of Global E Online (NASDAQ:GLBE) and lower its price target from $70.00 to $48.00. Shares of Global E Online are trading down 8.99% over the last 24 hours, at $18.01 per share.

Analysts have provided the following ratings for Global E Online (NASDAQ:GLBE) within the last quarter:

Global-E Online Ltd (NASDAQ:GLBE) reported fourth-quarter FY21 sales growth of 54% year-on-year, to $82.7 million, beating the consensus of $77.63 million. Gross Merchandise Value (GMV) rose 66% Y/Y to $505 million. Revenue from Service fees grew by 73.4%, and Fulfillment services increased by 42.6%. The gross profit increased 81.7% Y/Y to $32.6 million,…