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Pitney Bowes Inc. (PBI) offers customer information management, location intelligence, and customer engagement technology products and solutions in the United States and internationally.
The company operates in three segments: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions.
The Small & Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment, software, and supplies.
The Enterprise Business Solutions segment offers equipment and services that enable large enterprises to process inbound and outbound mail. This segment provides production mail inserting and sortation equipment, production print systems, and supplies and related support services, as well as mail presort services.
The Digital Commerce Solutions segment provides a range of solutions, including customer information management, location intelligence, customer engagement software, shipping management, and cross border ecommerce solutions as traditional software licenses, enterprise platforms, software-as-a-service, and on-demand applications, as well as offers related support services.
The company also provides revolving credit and interest-bearing deposit solutions. Pitney Bowes Inc. markets its products through sales force, direct mailings, telemarketing, independent dealers and distributors, and Web channels to various business, governmental, institutional, and other organizations.
Shares have formed a bullish "flag" following the company's latest quarterly report. Furthrmore, the company announced a new program yesteerday that should boost shares further. The company said "Now for only $5 a month, businesses can receive full access to SendPro, including the ability to print stamps and shipping labels for the U.S. Postal Service (USPS) and other major carriers, and flexible postage payment options. The offer also includes a free 90-day trial, 10lb scale, $15 in postage and supply kit with labels and stamp sheets, for a total value of $135." Higher share prices are expected for this stock.
52-Weeks Trading Ragne: $12.31 - $19.33
Entry Point: $15.85
Stop Loss: $15.00
Target Price: $17.44
PBI closed at $15.00
