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Shutterstock Is A 'High Quality Business With A Large Opportunity Ahead'
Friday, February 13, 2015 - 1:06pm | 249In a report published Friday, Jefferies analyst Brian Fitzgerald said that Shutterstock Inc (NYSE: SSTK) showed a "strong finish" to the year and that the company should be viewed as a "high quality business with a large opportunity ahead of it." Fitzgerald noted three key focus point for investors...
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Shutterstock Sinks; Competitor In Deal With Adobe Systems
Friday, December 12, 2014 - 5:07pm | 208Shutterstock Inc (NYSE: SSTK) was off more than 12 percent Friday after its competitor Fotolia agreed to be acquired by Adobe Systems Incorporated (NASDAQ: ADBE). Adobe said Thursday the $800 million deal will provide the 3.4 million customers of its Creative Cloud service with the ability to...
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Adobe To Acquire Fotolia For $800 Million
Thursday, December 11, 2014 - 6:01pm | 196Adobe Systems Incorporated (NASDAQ: ADBE) announced Thursday that it will acquire privately-held Fotolia for approximately $800 million in cash. According to the company’s press release, Fotolia is a leading marketplace for royalty-free photos, images, graphics and HD video. Fotolia...