Analyst Coverage

Shutterfly, Inc. is covered by the following analysts.

Analyst Coverage
Firm Analyst
Victor Anthony
Bank of America / Merrill Lynch
Paul Bieber
Chris Merwin
Cantor Fitzgerald
Youssef Squali
Cowen and Company
Kevin Kopelman
Craig-Hallum Capital Group, LLC
George Sutton
Goldman, Sachs & Co.
Heath Terry
Jefferies & Company, Inc.
Brian Fitzgerald / Brian Pitz
Needham & Co.
Kerry Rice
Raymond James & Assoc.
Aaron Kessler
RBC Capital Markets
Andrew Bruckner
Robert W. Baird
Colin Sebastian

Please note that any opinions, estimates or forecasts regarding Shutterfly, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Shutterfly, Inc. or its management. Shutterfly, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.