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Stock Market & Financial Investment News

News Breaks
February 26, 2013
06:43 EDTMSFT, CRM, LNKDLinkedIn testing tools for private information sharing, Business Insider says
LinkedIn (LNKD) CEO Jeff Weiner said the company is testing tools for private information sharing, which could pose a challenge to Microsoft's (MSFT) Yammer or Salesforce.com's (CRM) Chatter. LinkedIn had revealed a similar internal test last summer to Fortune before hinting at it again at this year's Morgan Stanley Technology Media & Telecom conference. Reference Link
News For LNKD;CRM;MSFT From The Last 14 Days
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February 5, 2016
11:23 EDTLNKDOptions with increasing put volume
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11:14 EDTLNKDOptions with increasing call volume
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10:52 EDTLNKDAnalysts, investors jump ship on LinkedIn after slowdown signaled
The shares of LinkedIn (LNKD) are plunging after the professional network reported stronger than expected fourth quarter results, but its 2016 guidance came in significantly below expectations. At least nine Wall Street research firms responded to the guidance miss by downgrading the stock. In contrast, Piper Jaffray remained upbeat on the company's longer term outlook and kept an Overweight rating on the shares. RESULTS: LinkedIn reported Q4 earnings per share of 94c, versus the consensus estimate of 78c. The company's revenue came in slightly above expectations. However, LinkeIn provided fiscal 2016 EPS guidance of $3.05-$3.20, versus the consensus outlook of $3.67, and its full-year revenue guidance came in at $3.6B-$3.65B, versus the consensus outlook of of $3.9B. LinkedIn expects the annual revenue growth of its product for field sales professionals to drop to about 25% this year from 30% last year. The company blamed the expected deceleration on macro economic pressures in Europe and Asia. Other factors behind the guidance miss included the upcoming phase out of LinkedIn's Lead Accelerator product this year and negative currency fluctuations, LinkedIn stated. RAFT OF DOWNGRADES: RBC Capital analyst Mark Mahaney downgraded LinkedIn to Sector Perform from Outperform, stating that the company's guidance miss warrants such a move, as the growth of its flagship Talent Solutions products are slowing due to market saturation. Additionally, the growth of the company's Sales Navigator product is coming in below expectations, said Mahaney, who slashed his price target on the name to $156 from $300. Although LinkedIn usually provides conservative guidance, the company appears to be resigned to increasing the amount of money and time it will invest in certain products, wrote SunTrust analyst Robert Peck, who downgraded the stock to Neutral from Buy. Like Mahaney, Peck was disappointed by the performance of the company's Talent Solutions and Sales Navigator products. He also had been upbeat on the company's B2B marketing platform, Bizo, which the company now intends to shut down. Peck cut his price target on the name to $155 from $250. LinkedIn's comments about its hiring solutions products indicate that the unit's revenue will increase 21% this year, down from 32% last year, wrote Cowen analyst John Blackledge, who downgraded the stock to Market Perform from Outperform. The company's overall revenue looks poised to drop by a large amount in 2016, added the analyst, who cut his price target on the name to $140 from $272. MUNSTER DEFENSE: Defending the stock was well-known Piper Jaffray analyst Gene Munster. LinkedIn's longer term outlook remains positive, and it may benefit from its efforts in professional education and with Sales Navigator, the analyst stated. Meanwhile, the company's Talent Solutions unit should continue gaining share, he added. Munster warned that the stock could be range-bound until the company reports its Q1 results, and he cut his price target on the name to $175 from $240. However, the analyst kept an Overweight rating on the shares. PRICE ACTION: In morning trading, LinkedIn tumbled 39% to $117.08. Earlier in the session the stock hit a 52-week low of $110.01.
10:13 EDTLNKDHigh option volume stocks
High option volume stocks: SC YRCW MKTO MT LNKD EPAM SBGL ALLY QLIK
10:02 EDTLNKDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Ashford Hospitality Prime (AHP) downgraded to Neutral from Buy at SunTrust... Cascade Microtech (CSCD) downgraded to Hold from Buy at Craig-Hallum... Cinemark (CNK) downgraded to Neutral from Outperform at Credit Suisse... ConocoPhillips (COP) downgraded to Sector Perform from Outperform at Scotia Howard Weil... Credit Suisse (CS) downgraded to Equal Weight from Overweight at Morgan Stanley... Cree (CREE) downgraded to Neutral from Overweight at JPMorgan... Deckers Outdoor (DECK) downgraded to Neutral from Buy at BofA/Merrill... Esterline (ESL) downgraded to Hold from Buy at Canaccord... GrubHub (GRUB) downgraded to Perform from Outperform at Oppenheimer... Kohl's (KSS) downgraded to Underweight from Neutral at Atlantic Equities... LINN Energy (LINE) downgraded to Sell from Hold at Stifel... LinkedIn (LNKD) downgraded to Sector Perform from Outperform at RBC Capital... LinnCo (LNCO) downgraded to Sell from Hold at Stifel... Magellan Midstream (MMP) downgraded to Neutral from Outperform at Credit Suisse... Marathon Petroleum (MPC) downgraded to Neutral from Overweight at JPMorgan... Multi-Fineline (MFLX) downgraded to Hold from Buy at Needham... NIC Inc. (EGOV) downgraded to Market Perform from Outperform at Avondale... Outerwall (OUTR) downgraded to Neutral from Overweight at Piper Jaffray... PPL Corp. (PPL) downgraded to Hold from Buy at Deutsche Bank... PennyMac Mortgage (PMT) downgraded to Equal Weight from Overweight at Barclays... Pixelworks (PXLW) downgraded to Hold from Buy at Lake Street... Qorvo (QRVO) downgraded to Sell from Neutral at Citi... Ralph Lauren (RL) downgraded to Underperform from Neutral at BofA/Merrill... TrueBlue (TBI) downgraded on macro concerns at BMO Capital... WEC Energy (WEC) downgraded to Hold from Buy at Deutsche Bank.
09:57 EDTLNKDLinkedIn volatility stays elevated on wide price movement
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09:52 EDTLNKDLinkedIn downside accelerates on very heavy volume
Shares are now down 41% to $113.80 on very heavy volume. Next support is at $105.04. Resistance is at $120.73.
09:41 EDTLNKDLinkedIn plummets after earnings and guidance
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09:37 EDTLNKDActive equity options trading on open
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09:19 EDTLNKDOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tyson Foods (TSN), up 6.9%... Symantec (SYMC), up 9.1%... Ubiquiti (UBNT), up 20.2%... Lumentum (LITE), up 7.5%. DOWN AFTER EARNINGS: Tableau Software (DATA), down 42.8%... LinkedIn (LNKD), down 35.6%... Outerwall (OUTR), down 19.9%... Sierra Wireless (SWIR), down 24.4%... Deckers Outdoor (DECK), down 12.7%... Hanesbrands (HBI), down 13.3%. ALSO LOWER: LinnCo (LNCO), down 65% after announcing exploration of strategic alternatives... Linn Energy (LINE), down 59.2% after announcing exploration of strategic alternatives... Quotient (QTNT), down 17.9% after 4.44M share Secondary priced at $9.00... Hess (HES), down 10.2% after 25M share Spot Secondary priced at $39.00.
08:48 EDTLNKD, LNKDLinkedIn selloff overdone, structural story not at risk, says CLSA
CLSA analyst James Lee said half of Buy rated LinkdIn's Q4 miss was due to one-time items, not structural issues. Lee said Marketing Solutions down guidance was caused by the Bizo closing, lower engagement was temporary due to introducing a new flagship app, and Talent Solutions net adds accelerated in the quarter. The analyst views the 25% after hour selloff as overdone given the level of guidance miss but did lower his price target to $250 from $310 on LinkedIn shares.
08:20 EDTLNKDLinkedIn downgraded on guidance miss at SunTrust
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08:16 EDTLNKDLinkedIn downgraded to Neutral from Buy at SunTrust
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08:08 EDTLNKDLinkedIn shares poised to rebound after today, says Stifel
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08:05 EDTLNKDLinkedIn downgraded to Neutral at Susquehanna
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08:04 EDTMSFT2K, Firaxis Games announce worldwide availability of XCOM 2
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07:51 EDTLNKDLinkedIn downgraded to Neutral from Overweight at Atlantic Equities
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07:29 EDTLNKDOptions expected to be active
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07:21 EDTLNKDLinkedIn downgraded on reduced outlook at RBC Capital
As noted earlier, RBC Capital downgraded LinkedIn to Sector Perform from Outperform. The firm thinks the company's guidance indicates that its growth is poised to drop significantly. Target to $156 from $300.
07:11 EDTLNKDLinkedIn price target lowered to $170 from $270 at UBS
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