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August 1, 2014
11:52 EDTLNKD, TWTR, FB, MEETLinkedIn rallies after results, outlook beat estimates
Shares of social media company LinkedIn (LNKD) are rallying after the company’s second quarter results, and its outlook for both the third quarter and full year, surpassed analysts’ consensus estimates. WHAT'S NEW: Last night, LinkedIn reported second quarter adjusted EPS of 51c and revenue of $534M, topping analysts’ consensus estimates of 39c and $510.98M, respectively. Q2 premium subscription revenue came in at $105M, up 44% year over year, and represented 20% of total revenue in the second quarter. Cumulative members grew 32% in Q2 to 313M. Q2 adjusted EBITDA came in at $145M, or 27% of revenue. WHAT’S NOTABLE: For the third quarter, LinkedIn expects Q3 adjusted EPS of approximately 44c and revenue of $543M-$547M, compared to estimates of 40c and $540.86M, respectively. Q3 adjusted EBITDA is expected to range between $134M-$136M. For fiscal 2014, adjusted EPS is forecast at approximately $1.80 and revenue of $2.14B-$2.15B, versus estimates of $1.64 and $2.13B, respectively. FY14 adjusted EBITDA is expected to range between $545M-$550M. ANALYST REACTION: This morning, research firm Pacific Crest raised its price target on LinkedIn to $250 from $220 and kept an Outperform rating on the shares due to strong Q2 results. The firm said user metrics were “shaky” and still a “big question,” however they were optimistic about the company’s new initiatives such as job listings, international, CRM, and advertising. They felt LinkedIn was the least expensive of the fast-growing internet names. Another firm, JP Morgan, also raised their price target to $241 from $235, and kept an Overweight rating on the shares. They were impressed with the company’s better than expected Q2 results, its marketing reacceleration, and the re-launch of its sales navigator product. PRICE ACTION: In late morning trading, LinkedIn rose $17.63, or almost 10%, to $198.27 on nearly triple its average daily trading volume. Despite today’s advance, the stock has lost approximately 7% over the past twelve months. OTHERS TO WATCH: Other companies in the social media space include Facebook (FB), down 0.5%, Twitter (TWTR), down 1.3%, and MeetMe (MEET), down 4.6%.
News For LNKD;FB;TWTR;MEET From The Last 14 Days
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November 16, 2015
19:54 EDTMEETMeetMe management to meet with Northland
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16:00 EDTTWTR, FBOptions Update; November 16, 2015
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12:58 EDTTWTRStocks with call strike movement; VXX TWTR
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12:04 EDTLNKDLinkedIn management to meet with Needham
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09:59 EDTFBOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).
09:37 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL FB ORCL BAC SUNE FDX FCX EXPE NFLX MU AMZN INTC TSLA
November 15, 2015
17:54 EDTFBFacebook to expand use of 'Safety Check' feature in wake of Paris attacks
Facebook announced it will be expanding its use of "Safety Check," a feature allowing users of the social network who live in endangered areas of the world to let friends and family know they are safe. Traditionally limited to natural disasters, the policy change has been made in the wake of the terrorist attacks on Paris, France, during which the company turned on Safety Check for affected users. The move spurred both praise for quick action and criticism for not using the feature during other serious events such as Thursday's tragedy in Beirut, prompting Facebook to reconsider its use of the service. "Each time we have launched the tool, we've improved it... We are learning to make the tool and policies behind it better as we go -- and because Safety Check is a relatively new feature for us, we're still understanding how it can best be used... We talked with our employees on the ground, who felt that there was still a need that we could fill. So we made the decision to try something we've never done before: activating Safety Check for something other than a natural disaster... We want this tool to be available whenever and wherever it can help," explained the company.
November 13, 2015
16:00 EDTFBOptions Update; November 13, 2015
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09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL CSCO FB BAC BABA MSFT NFLX INTC JCP AMZN C
November 12, 2015
16:00 EDTFBOptions Update; November 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.28 to 20.18. Option volume leaders: GE AAPL MNKD XOM BAC FB SUNE CSCO NFLX SYF BABA MSFT
14:00 EDTFBFacebook Messenger testing ephemeral messaging in France, BuzzFeed says
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13:10 EDTFBFacebook selling virtual reality-like video ads, Re/code reports
Facebook will begin publishing 360-degree video content into your NewsFeed that will include 360-degree video ads, reports Re/code. Thursday is the first time that Facebook has rolled out a 360-degree video ad. Reference Link
09:36 EDTTWTR, FBActive equity options trading on open
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08:12 EDTTWTRDorsey addresses dual role concerns in Square private meetings, NYT says
In intimate meetings with select potential investors in Square's (SQ) IPO, Jack Dorsey addressed concerns about his dual CEO role, explaining that he splits time equally between Square and Twitter (TWTR) a few days a week and then allocates his remaining time based on need, according to the New York Times, citing a person who attended one of them. Dorsey also emphasized the power of his team, the person told the Times. Reference Link
06:49 EDTFBFacebook considers new ad strategies for Instant Articles, WSJ reports
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06:09 EDTFBFacebook reports increase in government requests for data
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November 11, 2015
16:00 EDTFBOptions Update; November 11, 2015
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12:41 EDTFBFacebook launches Notify app
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09:38 EDTFBActive equity options trading on open
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06:19 EDTFBAppNexus talks to Goldman, other banks about IPO plans, Business Insider reports
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