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Stock Market & Financial Investment News

News Breaks
August 1, 2014
11:52 EDTMEET, LNKD, TWTR, FBLinkedIn 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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February 25, 2015
19:46 EDTFBFacebook's Oculus a significant long term opportunity, says Piper Jaffray
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16:19 EDTLNKDLinkedIn initiated with an Overweight at Morgan Stanley
Target $310.
16:00 EDTTWTROptions Update; February 25, 2015
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09:36 EDTTWTRActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
05:56 EDTFBFacebook implied volatility of 25 at lower end of index mean range
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February 24, 2015
16:06 EDTTWTROptions Update; February 24, 2015
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09:40 EDTFBFacebook says over 2M advertisers now active, launches Ads Manager app
There are now more than 2 million active advertisers on Facebook, the company announced. Facebook also announced the launch of Ads Manager, a new mobile app that gives marketers more power to manage ads from anywhere. Reference Link
07:58 EDTTWTRTwitter VPs remark on future products for the website, TechCrunch says
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06:08 EDTFBFacebook implied volatility of 25 at lower end of index mean range
February 23, 2015
16:00 EDTTWTR, FBOptions Update; February 23, 2015
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10:46 EDTTWTRTwitter urges FCC to adopt 'common sense' net neutrality rules
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09:48 EDTFBFacebook experiencing likely service disruption, downrightnow says
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09:39 EDTTWTR, FBActive equity options trading on open
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09:14 EDTFBBelgian commissioned study finds Facebook privacy policy violates European law
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06:21 EDTFBFacebook's shuttle drivers approve new union contract, WSJ reports
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06:14 EDTFBFacebook implied volatility of 25 at lower end of index mean range
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February 20, 2015
16:03 EDTFBOptions Update; February 20, 2015
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09:47 EDTLNKDLinkedIn management to meet with Pacific Crest
Meetings to be held in the Midwest February 26-27 hosted by Pacific Crest.
09:38 EDTTWTR, FBActive equity options trading on open
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05:21 EDTFBFacebook implied volatility of 25 at lower end of index mean range
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