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Stock Market & Financial Investment News

News For YHOO From The Last 14 Days
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February 2, 2016
16:43 EDTYHOOYahoo falls after earnings and outlook
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16:42 EDTYHOOYahoo reports Q4 number of paid clicks down 10% y/y
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16:40 EDTYHOOYahoo to consolidate some Digital Magazines
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16:39 EDTYHOOYahoo to continue to invest in Mavens strategy
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16:39 EDTYHOOYahoo to simplify product portfolio
Yahoo has grown into a guide to digital information discovery for more than one billion monthly active users. In 2016, the Company will prioritize growing engagement with its enormous user base. Yahoo will simplify its product portfolio to emphasize the products that distinguish the Company competitively and drive the most substantial portion of users, revenue, and market opportunity. This focus will increase the pace of innovation and product improvement, deliver a more deeply integrated Yahoo experience and more quickly grow key metrics such as page views, logged in users, and DAUs. For consumer products, Yahoo will consist of three global platforms: Search, Mail, and Tumblr, and four verticals: News, Sports, Finance and Lifestyle in growth markets like the U.S., Canada, U.K., Germany, Hong Kong, and Taiwan. For advertisers, Yahoo will be defined by two core offerings: Gemini and BrightRoll. Gemini combines search and native ads for superior results, while BrightRoll offers programmatic buying and selling tools for video, display and native advertising. For Yahoo's search business, mobile search is the biggest opportunity. The Company will shift most of the resources in this area toward more forward-leaning mobile search investments, positioning it to redefine search for mobile devices, which will help drive sustainable long-term growth and differentiation. Yahoo Mail is the heart of the Company's communications products. To continue to grow DAUs and increase engagement, investment in Yahoo Mail will be used to improve speed and stability, as well as add features that make it easier for users to share, search and connect through the platform. As an essential driver of the Company's entire product portfolio, focused investment in Yahoo Mail will help accelerate growth across the business. For the Tumblr platform and Yahoo's digital content strongholds of News, Sports, Finance, and Lifestyle, investment will be focused on growing user engagement, especially on mobile. The Company will invest in features and experiences that engage users as both consumers and creators of content, encouraging them to do more with, and therefore spend more time on, the Yahoo network.
16:35 EDTYHOOYahoo to lay off 15% of workforce across 5 cities
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16:33 EDTYHOOYahoo to lay off 15% of workforce across 5 cities
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16:33 EDTYHOOYahoo to pursue reverse spin concurrent with other strategic alternatives
Yahoo! will announce an aggressive strategic plan to simplify the company, narrowing its focus on areas of strength to better fuel growth, drive revenue and increase efficiency in 2016 and beyond. Collectively, the strategic plan aims to: Improve consumer and advertiser product quality and grow daily active users, Drive continued growth in revenue realized through Mavens (mobile, video, native and social) to $1.8 billion this year, Improve profitability to reach an adjusted EBITDA run rate of approximately one billion dollars by the second half of 2016, Reduce operating expenses by more than $400 million by the end of 2016, Limit GAAP revenue impact of product and regional exits to approximately $100 million, Explore non-strategic asset divestitures that, if consummated, could generate in excess of $1 billion in cash, and Deliver increased value to shareholders, advertisers, and the more than one billion people who use Yahoo's products and services.
16:31 EDTYHOOYahoo to pursue reverse spin concurrent with other strategic alternatives
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16:30 EDTYHOOYahoo reports Q4 EPS 13c, consensus 13c
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15:21 EDTYHOOYahoo off lows after Dow Jones says company to say alternatives being explored
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15:19 EDTYHOOYahoo to announce exploration of alternatives with earnings report, DJ says
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14:32 EDTYHOONotable companies reporting after market close
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12:20 EDTYHOOYahoo February weekly 28.5 straddle priced for 6.6% movement into Q4
11:53 EDTYHOOYahoo weekly volatility increases into Q4 and outlook
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11:28 EDTYHOOEarnings Watch: Yahoo set to unveil cost reduction plan following Q4 report
Yahoo (YHOO) is expected to report fourth quarter earnings after the market close on Tuesday, February 2 with a conference call scheduled for 5:00 pm ET. Yahoo is a digital media company that provides properties and services such as Yahoo! Search and Yahoo! News. EXPECTATIONS: Analysts are looking for earnings per share of 13c on revenue of $1.19B. The consensus range is 6c-18c for EPS, and $1.17B-$1.22B for revenue, according to First Call. LAST QUARTER: Yahoo reported third quarter EPS 15c against estimates of 17c on revenue of $1.23B against estimates of $1.26B. The company reported Q3 Gross Search revenue down 2% to $870M, Display revenue down 14% to $509M, price-per-ad up 8%, and price-per-click down 2%. Looking ahead, Yahoo guided Q4 revenue of $1.16B-$1.20B, net income of $10M-$50M, and adjusted EBITDA of $160M-$200M. CEO Marissa Mayer commented that the Q4 guidance is "not indicative of the performance we want." Mayer added that the company will be disciplined on its headcount and will work differentiate search product over the next few quarters. In its Q3 earnings report, Yahoo also announced a services agreement with Google (GOOG, GOOGL) that runs through 2018. Google will provide Yahoo with search advertisements through Google's AdSense for Search service web algorithmic search services through Google's Websearch Service, and image search services. CEO Marissa Mayer said the partnership will be nonexclusive and will remain supplementary to the existing Microsoft (MSFT) relationship. NEWS AND STREET RESEARCH: In the past quarter, Yahoo announced that it suspended work on its plan to spin off remaining holdings in Alibaba (BABA). The company said it will evaluate alternative transaction structures to separate Alibaba stake following concerns about the market's perception of tax risk. Yahoo added that a reverse spin of the Alibaba stake may take a year or more to conclude. In a call to discuss the decision, Yahoo said it was "prudent" to explore options given the tax uncertainty while an Alibaba spin would take too long to get clarity. On an interview with CNBC, Mayer said the core business sale is on a "board level consideration," but no determination was made to sell the company or part of it. Following the announcement, SunTrust said Yahoo made a "great" decision given the tax risks of selling the Alibaba stake. The firm added that a sale of Yahoo's core or the entire company is the most likely outcome after reasoning that investors will not want to undergo "a year long spin process." Analysts at Sterne Agee CRT say the investors should begin to apply tax discounts to the Yahoo Japan stake and the Yahoo core, instead of Alibaba stake. Different reports from the NY Times and the NY Post said staffers and shareholders were beginning to lose faith in CEO Marissa Mayer. In January, Starboard sent a letter to Yahoo's board, expressing its belief that shareholders have lost confidence in the ability of current management. It added, "Despite over three years of effort and billions spent on acquisitions, the management team that was hired to turn around the Core Business has failed to produce acceptable results, in turn, causing massive declines in profitability and cash flow." In response, Yahoo said it will maintain "regular, open dialogue" with all its shareholders. A few days later, a Bloomberg report stated that Yahoo is considering an outright sale of the company. According to sources in a Reuters report, the company will wait to decide on its future strategic steps until it releases the Q4 report. The company wants to gauge shareholder reaction after outlining its "strategic vision" during the conference call. Mayer is expected to announce plans to slash costs and shift the focus away from an improving market share. She is also expected to unveil a plan to cut the company's costs, including several business unit closures, and lashing up to 15% of the company's workforce. Ahead of the earnings report, Re/code's Kara Swisher said investors are looking at how Mayer and CFO Ken Goldman may lay out plans to spin off core assets and other detailed cost reductions. Swisher notes that what may be essential is whether there are "explicit" signs from the CEO and whether the company is open for a buyout. PRICE ACTION: Yahoo shares have dropped more than 11.5%, since the first day of trading following the company's Q2 report. In Tuesday afternoon trading ahead of the Q4 report, Yahoo shares are trading down over 2.5%.
10:40 EDTYHOOStifel warns Twitter may go way of tech busts, cuts to Sell
Twitter (TWTR) is giving up nearly all of yesterday's gains after Fortune and The Wall Street Journal poured cold water on a report that private equity firm Silver Lake might be considering making a strategic investment in the company. Additionally weighing on the stock are a Business Insider report claiming that the number of tweets has declined by more than 50% in the last 18 months and research firm Stifel downgrading the stock to Sell. WHAT'S NEW: Yesterday morning, tech website The Information reported that venture capitalist Marc Andreessen and private equity firm Silver Lake have considered making a deal involving Twitter. However, Silver Lake isn't looking to make a deal with Twitter, The Wall Street Journal reported, citing an unnamed source. The Journal's article echoes a report yesterday afternoon by Fortune, which also quoted an unnamed source as saying that Silver Lake isn't interested in buying Twitter. Also, according to Business Insider, the number of daily tweets on Twitter has plummeted by more than 50% since August 2014. The report based its estimate on a sampling of data from the website's application programming interface. Last month, there were 303M tweets per day on average, down from the peak of an average of 661M per day in August 2014, when the World Cup was occurring, the website stated. Moreover, according to the data, Twitter has about 130M active users, versus the company's estimate of up to 320M monthly active users. STIFEL SAY SELL: Stifel analyst Scott Devitt downgraded Twitter to Sell form Hold, saying that it has "never fully developed into a sustainable public company." Yahoo (YHOO) says that it has 1B monthly active users, but the market valuation of Yahoo's core business is "much lower" than that of Twitter, which has a significantly smaller user base, Devitt stated. Additionally, Internet companies Groupon (GRPN) and Zynga (ZNGA) became well-known and obtained tens of millions of users, only to see their stocks plummet, the analyst stated. Meanwhile, Twitter's product has not changed significantly since the company hired a new CEO three months ago and it will have difficulty meeting financial expectations over the short-term and longer term, given the size of its user base, said Devitt, who has a $14 price target for the shares. PRICE ACTION: In morning trading, Twitter fell 6.3% to $16.78. The stock had gained 6.55% yesterday on the heels of Jessica Lessin's report in The Information.
06:26 EDTYHOOStifel cuts Twitter to Sell after noting Yahoo has significantly more users
Stifel analyst Scott Devitt downgraded Twitter (TWTR) to Sell from Hold after "materially lowering" his forward estimates for the company. Twitter is a product that has "never fully developed into a sustainable public company," Devitt tells investors in a research note. To those that believe the microblog's 320M active user base is significant, the analyst points out that Yahoo (YHOO) still reports 1B monthly active users across its network and AOL's final public disclosure last year prior to its acquisition by Verizon (VZ) still showed nearly 200M unique visitors. Twitter will be challenged to reach its near- and long-term financial expectations, the analyst contends. Devitt points out that Facebook (FB) continues to generate over two times as much advertising revenue per monthly active user in the U.S. as Twitter. He has a $14 price target for the shares. Twitter closed yesterday up $1.10 to $17.90 after The Information reported that Silver Lake and investor Marc Andreessen have "considered some sort of deal" for the microblog operator.
06:24 EDTYHOOOptions expected to be active
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06:20 EDTYHOOYahoo investors waiting on explicit sale signals, Re/code says
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