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Stock Market & Financial Investment News

News Breaks
August 1, 2014
11:52 EDTTWTR, FB, MEET, LNKDLinkedIn 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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December 11, 2014
16:01 EDTTWTROptions Update; December 11, 2014
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13:57 EDTFBFacebook using contact info to measure ad effectiveness, Wired says
Facebook is measuring how much its ads influence shoppers by comparing phone numbers and e-mails collected in stores with the phone numbers and e-mail addresses on Facebook accounts, Wired quoted Brian Boland, the vice president of ad tech at Facebook,as saying. Reference Link
11:10 EDTLNKDLinkedIn participates in a conference call with Sterne Agee
Conference call with Investor Relations to be held on December 11 at 12 pm hosted by Sterne Agee.
10:38 EDTFBFacebook holds a webcast
Facebook holds a live Q&A webcast with Mark Zuckerberg on December 11 at 5 pm. Webcast Link
09:37 EDTTWTRActive equity options trading
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08:54 EDTFBFacebook management to meet with UBS
Meeting to be held in London on December 11 hosted by UBS.
08:53 EDTFBBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
07:33 EDTMEETMeetMe valuation gap to Momo unjustified, says Wunderlich
Wunderlich believes the valuation of Momo (MOMO), which begins trading today, is "extreme" for both the company and peer MeetMe (MEET). The firm believes the valuation gap between the two companies is unjustified, but points out Momo is growing revenue and users "substantially faster" than MeetMe. Wunderlich says MeetMe's mobile user growth is tracking well and keeps a Buy rating on the stock with a $4.50 price target.
December 10, 2014
16:00 EDTTWTROptions Update; December 10, 2014
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11:12 EDTFB, TWTRInstagram announces service now has over 300M users
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09:36 EDTTWTR, FBActive equity options trading
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08:09 EDTFBFacebook management to meet with UBS
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December 9, 2014
16:00 EDTFB, TWTROptions Update; December 9, 2014
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12:48 EDTFBFacebook volatility at low end of historic range
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09:38 EDTTWTRActive equity options trading
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December 8, 2014
14:24 EDTTWTRRumor: Twitter moves off lows amid speculation Apple may take a stake
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13:38 EDTTWTRTwitter breaks to lows of the day, levels to watch
The shares are down over 6.7% to $35.89 at time of writing. Resistance is now at former support at $36.38. Support is now at $35.06.
11:21 EDTTWTRTwitter volatility low as shares pullback to four-month low
Twitter December weekly call option implied volatility is at 51, December is at 46, January at 43; compared to its 26-week average of 54 according to Track Data, suggesting decreasing price movement
10:16 EDTTWTRTwitter falls to session lows, levels to watch
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06:00 EDTTWTRTwitter's former head of product leaving company, Re/code reports
Daniel Graf, who was replaced by Kevin Weil as head of product last month, is leaving the company, Re/code reports. Reference Link
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