Analyst Coverage

Analyst Firm
Paul Bieber Bank of America / Merrill Lynch  
Chris Merwin Barclays  
Youssef Squali Cantor Fitzgerald  
Kevin Kopelman Cowen and Company  
Mitchell Bartlett Craig-Hallum Capital Group, LLC  
Heath Terry Goldman, Sachs & Co.  
Shawn Milne Janney Capital Markets  
Brian Fitzgerald Jefferies & Company, Inc.  
Brian Pitz Jefferies & Company, Inc.  
Bill Lennan Monness, Crespi, Hardt & Co.  
Scott Devitt Morgan Stanley  
Kerry Rice Needham & Co.  
Aaron Kessler Raymond James & Assoc.  
Mark Mahaney RBC Capital Markets  
Colin Sebastian Robert W. Baird  
Victor Anthony Topeka Capital Markets  
Trisha Dill Wells Fargo Securities  

Shutterfly, Inc. is followed by the analyst(s) listed above. 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.