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News Breaks
February 7, 2013
12:32 EDTLNKDEarnings Preview: LinkedIn shares up over 16% since last earnings report
LinkedIn (LNKD) is expected to report Q4 earnings after the market close on Thursday, February 7 with a conference call scheduled for 5:00 pm ET. LinkedIn is a social networking website that connects more than 200M members that create, manage and share their professional identity... EXPECTATIONS: Analysts are looking for EPS of 19c on revenue of $279.5M. The consensus range is 15c-24c for EPS, and $273.8M-$289M for revenue, according to First Call... LAST QUARTER: LinkedIn reported Q3 EPS 22c against estimates of 11c on revenue of $252M against estimates of $243.9M. The company gave Q4 revenue guidance of $270M-$275M and Q4 adjusted EBITDA $58M-$60M. LinkedIn also raised its FY12 revenue guidance to $939M-$944M from $915M-$925M in its previous earnings release... STREET RESEARCH: Most analyst firms have remained positive on LinkedIn following its strong Q3 results. Looking ahead to Q4, Piper Jaffray said traffic was trending above expectations and Susquenhanna says metric points to the upside in Q4 revenues. ITG Research also said that the company's November strength indicates that it is likely tracking above Q4 consensus numbers. Even though Facebook's (FB) announcement of a jobs application initially caused LinkedIn shares to fall, Piper Jaffray said the app launch would not be a competitive threat to LinkedIn and that its shares should be bought on weakness. In an analyst note this past week, Canaccord analyst Michael Graham said "If the stock repeats Q3's performance (good numbers and a pull-back on valuation), we would be buyers"... PRICE ACTION: LinkedIn shares have gained more than 16% since the first day of trading following the company's Q3 report. In Thursday midday trading ahead of its Q4 report, LinkedIn shares are trading up down over 1%.
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August 20, 2015
10:22 EDTLNKDAfter meeting with CEO, JPMorgan says buy LinkedIn
After meeting with LinkedIn's CEO Jeff Weiner and CFO Steve Sordello, JPMorgan tells investors to buy the stock. Calling the recent decline in the shares a buying opportunity, the firm is upbeat about the outlook for the company's Talent, Marketing, and Sales Navigation units. WHAT'S NEW: Talent has performed well since the company assigned new sales professionals to most of its accounts in the first quarter, JPMorgan analyst Doug Anmuth quoted LinkedIn as saying. Additionally, the company improved Talent by enabling users to search by key criteria such as hiring volume and overall spending potential, Anmuth believes. Meanwhile, LinkedIn is improving Marketing by replacing display ads with sponsored updates which have higher click through rates and pricing, the analyst added. As a result of this change, Marketing's growth could reaccelerate in 2016, Anmuth contended. Additionally, LinkedIn's recently acquired online learning website, Lynda.com, is "just beginning to ramp," and its Sales Navigation unit is poised to make bigger deals with corporations, Anmuth believes. The analyst kept a $300 price target and Overweight rating on the shares. WHAT'S NOTABLE: On August 13, research firm Stifel called LinkedIn its "best emerging large cap idea." The firm expects positive catalysts to emerge for the company in the second half of 2015. It kept a Buy rating on the shares. PRICE ACTION: In early trading, LinkedIn lost 0.7% to $188.
06:57 EDTLNKDLinkedIn pullback a buying opportunity, says JPMorgan
JPMorgan analyst Doug Anmuth recommends using the recent pullback in shares of LinkedIn as a buying opportunity. After meeting with management, including CEO Jeff Weiner and CFO Steve Sordello, Anmuth reiterates an Overweight rating on the stock. Management's tone was upbeat as Talent metrics have improved, the analyst points out. He keeps a $300 price target on the name.
August 19, 2015
07:54 EDTLNKDLinkedIn management to meet with Pacific Crest
Meeting to be held on the West Coast on August 25 hosted by Pacific Crest.
August 14, 2015
09:08 EDTLNKDEtsy can keep secrets on Irish unit due to register change, Bloomberg reports
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