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4-Traders Homepage  >  Equities  >  Nyse  >  Ellie Mae Inc    ELLI

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Ellie Mae Inc : Ellie Mae to Ring the NYSE Opening Bell on February 4

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01/30/2013 | 03:05pm CET

Ellie Mae® (NYSE: ELLI), a leading provider of enterprise-level, on-demand automated solutions for the residential mortgage industry, today announced that Founder and Chief Executive Officer Sig Anderman and members of its executive team will ring the opening bell at the New York Stock Exchange (NYSE) on Monday, February 4, 2013 at 9:30 a.m. Eastern Standard Time.

Ellie Mae had its initial public offering in April 2011. The February 4 bell-ringing ceremony will help commemorate the Company's 15th anniversary.

"Ringing the opening bell will be an exciting occasion for all Ellie Mae stockholders, employees and clients," said Sig Anderman, founder and chief executive officer of Ellie Mae. "We've been on an incredible journey since we wrote our initial business plan on the back of a menu in 1998. Today, approximately 67,000 mortgage professionals at thousands of banks, mortgage companies and credit unions utilize Ellie Mae technology to automate and streamline the origination and funding of mortgages."

About Ellie Mae

Ellie Mae, Inc. (NYSE: ELLI) is a leading provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a Software-as-a-Service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management. The Company also hosts the Ellie Mae Network? that allows Encompass® users to electronically conduct business transactions with the lenders and settlement service providers they work with to process and fund loans. The Company's offerings include the Encompass, Encompass360® and DataTrac® mortgage management software systems.

Ellie Mae was founded in 1997 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362.

© 2013 Ellie Mae, Inc. Ellie Mae®, Encompass®, Encompass360®, DataTrac®, Ellie Mae Network?, Ellie Mae Total Quality Loan? Program and the Ellie Mae logo are registered trademarks or trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.

Campbell Lewis Communications
Bill Campbell, 212-995-8057
bill@campbelllewis.com


© Business Wire 2013
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Financials ($)
Sales 2016 354 M
EBIT 2016 84,3 M
Net income 2016 33,4 M
Debt 2016 37,8 M
Yield 2016 -
P/E ratio 2016 86,15
P/E ratio 2017 61,46
EV / Sales 2016 8,13x
EV / Sales 2017 6,62x
Capitalization 2 838 M
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 117 $
Spread / Average Target 38%
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Managers
NameTitle
Jonathan H. Corr President, CEO & Class III Director
Sigmund Anderman Executive Chairman
Peter Hirsch Executive Vice President-Technology & Operations
Edgar A. Luce Chief Financial Officer & Executive VP-Finance
Limin Hu Chief Technology Officer & Executive VP
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