Directions on Remote Sensing and GEOINT

Remote Sensing and GEOINT

Directions Magazine

DigitalGlobe Stock Price Slammed; Earnings, Competition to Blame

Thursday, February 27th 2014
By Joe Francica

DigitalGlobe's stock (NYSE: DGI) was slammed yesterday by investors upon hearing the news that they missed Wall Street's consensus estimate and took a 27% price hit. The stock has rebounded in early trading today.

Reason's given by stock analysts include not only the missed expectations to their quarterly report but also a their full year earings estimate. According to the Denver Post, "The company expects 2014 revenue to fall to between $630 million and $660 million, below its previously stated $712.4 million estimate."

DigitalGlobe also announced yesterday's acquisition of Spatial Energy, a 35-person company that performs image classification and analysis of satellite imagery and has a particular focus on the oil and gas industry.

TheStreet.com mentioned that DigitalGlobe was coming under fire from "low end, lower resolution" competitors. The article didn't mention company names but presumably this would be from rivals Airbus Defense and Space (formerly Astrium) and Blackridge (formerly RapidEye). While SkyBox Imaging and Urthcast are still considered in start-up phase, these companies have also entered the market with different solutions for earth observation imaging data. These new challengers will continue to put pressure on DigitalGlobe as it also looks to expand beyond selling imagery and move more toward services such as location analytics.

Bookmark and Share

Your Comments

Upcoming Webinars Prev | Next

Tuesday, October 28
UAVs for Survey and Mapping - Part II
Sponsored by: Directions Magazine India

Tuesday, November 11
Turn Google Maps into a Decision Support Portal With GAP
Sponsored by: TSI

Wednesday, November 19
3D Transportation & Infrastructure Planning with Esri CityEngine and LumenRT
Sponsored by: Esri

Remote Sensing and GEOINT Newsletter

Preview | Archive

Follow

RSS 

White Papers

Rein in 3D Point Clouds with the LAS Format

The advent of LiDAR sensors has been valuable for the geospatial industry, but there have been some challenges as the community attempts to fully leverage the technology. As you may already know,...Download this paper

Advertise on this Channel

Remote Sensing and GEOINT Rate Card

Twitter RSS Facebook LinkedIn Delicious
About Us | Advertise | Contact Us | Web Terms & Conditions | Privacy Policy
Publications: All Points Blog
Conferences: Location Intelligence Conference | GEO Huntsville
© 2014 Directions Media. All Rights Reserved