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Oppenheimer On SPS Commerce: CovalentWorks Acquisition Will Be Accretive
Thursday, December 20, 2018 - 1:45pm | 313SPS Commerce, Inc. (NASDAQ: SPSC) announced the acquisition of CovelantWorks for about $23 million. The company expects the acquisition to be accretive to its 2019 revenue by about $4.5 million, according to Oppenheimer. The Analyst Oppenheimer’s Koji Ikeda maintains an Outperform rating on...