Streetbeat News

PFSW

PFSWEB Inc

Employees

1,247

Industry

Data Processing, Hosting, and Related Services

we are a commerce operations provider facilitating transactions, fulfilling orders, and satisfying customers for major brands and retailers. pfs is now the operations business unit of pfsweb, inc. for over two decades, we’ve developed our technology capabilities, creative personalization services, customer service solutions, fulfillment and omni-channel practices, and much more.

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GXO Logistics Inc (NYSE:GXO) has agreed to acquire eCommerce order fulfillment provider PFSweb Inc (NASDAQ:PFSW) for $7.50 per share in cash, a total equity value of approximately $181 million. The acquisition will help GXO expand its U.S. offerings in cosmetics and luxury, leveraging PFSweb's client relationships and technology. The transaction is expected to close in Q4 2023.

Portfolio Pulse from Shivani Kumaresan

September 14, 2023 | 2:22 pm

US stocks traded higher following the release of PPI data, with the Dow, NASDAQ, and S&P 500 all seeing gains. Energy shares jumped by 1.4%, while consumer discretionary shares fell by 0.1%. US producer prices rose by 0.7% in August 2023, higher than the expected 0.4% increase. Shares of First Wave BioPharma, PFSweb, and TradeUP Acquisition Corp. saw significant increases, while shares of Sezzle, Clearmind Medicine, and BIOLASE fell sharply.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 2:03 pm

GXO Logistics has announced its plans to acquire PFSweb, leading to a rise in PFSweb's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:20 pm

In Thursday's pre-market session, several information technology stocks showed significant movement. PFSweb (PFSW), Stronghold Digital Mining (SDIG), Ondas Holdings (ONDS), Glimpse Group (VRAR), Airspan Networks Hldgs (MIMO), and Research Solutions (RSSS) saw gains, with PFSweb leading with a 48.3% increase. On the other hand, MicroCloud Hologram (HOLO), WeTrade Group (WETG), Verb Tech (VERB), T Stamp (IDAI), Aurora Mobile (JG), and UTime (WTO) experienced losses, with MicroCloud Hologram leading the decline with a 9.4% decrease.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 1:05 pm

GXO Logistics, Inc. (NYSE:GXO) has announced a definitive agreement to acquire PFSweb, Inc. (NASDAQ:PFSW) for $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb's cash balance of $39 million at June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 12:06 pm

Trading of PFSWeb's stock has been halted due to pending news.

Portfolio Pulse from Charles Gross

September 14, 2023 | 11:56 am

During Monday's after-market session, several information technology stocks experienced significant movement. AudioEye, Adeia, Red Cat Hldgs, PFSweb, NOVONIX, and GSE Systems saw their shares rise, while Oracle, Addvantage Technologies, Phunware, Xunlei, 908 Devices, and VirnetX Holding saw their shares fall. Oracle's Q1 earnings were released on the same day.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:31 pm

PFSweb reported Q2 adjusted earnings of $0.07 per share, up from a loss of $0.09 per share year over year. Sales also increased to $67.92M from $64.63M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:03 pm

PFSweb reported Q2 losses of $(0.01) per share, a 88.89% increase from $(0.09) per share YoY. The company's sales also increased by 5.09% to $67.92 million from $64.63 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 9:25 pm

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