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5/19/2013, 6:14 PM ET

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Wednesday, May 8, 2:06 PM Yelp (YELP -3.2%) and LinkedIn (LNKD -2%) are having a rough day after Doug Kass reports hearing the companies will be among the names discussed as short ideas at the Sohn Investment Conference (attended by many top hedge funds). Yelp remains well above where it traded prior to last week's Q1 report and guidance hike. Comment! [Tech, On the Move]
Friday, May 3, 12:17 PM LinkedIn's (LNKD -9.9%) below-consensus guidance is likely conservative, Goldman declares as the company gives back some of its giant 2013 gains. Goldman might be right, but investors have already come to expect big earnings beats. The sell-side is staying positive, arguing long-term growth drivers - strong user growth, recruiting share gains, higher engagement, etc. - remain intact. Not accounting for post-earnings estimate changes, LinkedIn currently trades at 87x 2014E EPS and 9.4x 2014E sales. Considering how share-losing rival Monster (MWW +4.6%) is performing, a strong NFP report may be limiting today's decline. (previous) (transcript) 2 Comments [Tech, On the Move]
Friday, May 3, 9:10 AM Premarket gainers: PKT +32%. YRCW +27%. INVN +18%. YY +8%. DDD +5%.
Losers: VCRA -35%. ZAGG -24%. GUID -23%. CHE -16%. ARNA -13%. CETV -13%. HMY -9%. LNKD -9%. AGNC -6%. RBS -6%. 3 Comments [On the Move]
Thursday, May 2, 6:21 PM More from LinkedIn's (LNKD) CC: Q1 EPS was lifted by tax credits and lower-than-expected R&D spend, but spending pace about to pick up (plenty of new hiring, and also data center expansion). Early uptake for LinkedIn's new Contacts app (available both on Web and mobile) is said to be very strong, and likes/comments on the core mobile apps are said to have risen 40% since a recent revamp. Record number of new users added in Q1, and the base has thus far risen to 225M (from 218M) in Q2. LinkedIn's Sales Navigator product is still in its early stages. (previous) 1 Comment [Tech, Earnings]
Thursday, May 2, 6:09 PM Mentioned during LinkedIn's CC: Ad revenue growth will be affected near-term by LinkedIn's transition to sponsored news feed updates (similar to Facebook's Sponsored Stories) - management says it's working to "improve" its ad business model. Also, the impact of a recent price hike for LinkedIn's Recruiter product will be gradual. Talent Solutions customers grew by 1,700 in Q1 to 18K+ (2,400 added in seasonally strong Q4). ARPU higher though 27% of clients are now SMBs (24% a year ago). 30% of visits now from mobile, but PC page view growth still 31%. LinkedIn insists its ad prices remain strong in spite of the mobile shift. LNKD -10.4% AH. (Q1: I, II) 3 Comments [Tech, Earnings]
Thursday, May 2, 4:31 PM More on LinkedIn: No explanation for guidance; with shares up 76% YTD, expectations were high. Q1 numbers solid, even if growth is slowing from sky-high levels: Talent Solutions (jobs) revenue +80% Y/Y (+90% in Q4) and 57% of total; Subscriptions +73% (+79% prior) and 20% of total; Ads +56% (+68% prior) and 23% of total. U.S. 62% of sales, same as Q4. 218M registered users, up 16M Q/Q. Monthly unique visitors +14% Q/Q to 132M per comScore, LinkedIn claims 170M+. ComScore estimates page views rose 13% Q/Q to 11.1B (higher engagement). Costs/expenses +69% Y/Y due to sales/R&D investments. LNKD -7.9% AH. (PR) (slides) 3 Comments [Tech, Earnings]
Thursday, May 2, 4:09 PM LinkedIn (LNKD): Q1 EPS of $0.45 beats by $0.14. Revenue of $324.7M (+72% Y/Y) beats by $7.6M. Expects Q2 revenue of $342M-$347M, below $359.2M consensus. Expects 2013 revenue of $1.43B-$1.46B, below $1.49B consensus. Shares -11.4% AH. CC at 5PM ET (webcast). (PR) 3 Comments [Tech, Earnings, On the Move, Breaking News, Top Stories]
Thursday, May 2, 12:10 AM Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG Comment! [Earnings]
Wednesday, May 1, 5:35 PM Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG Comment! [Earnings]
Tuesday, April 16, 12:47 PM LinkedIn (LNKD +2.9%) outperforms after National Alliance Capital starts coverage with a Buy and $192 PT. Analyst Mike Hickey declares the business social networking giant's current risk/reward favorable, and sees few "realistic" competitive threats. Shares are just a few dollars away from their all-time high of $186. 3 Comments [Tech, On the Move]
Thursday, April 11, 4:46 PM LinkedIn (LNKD) confirms it has bought iOS/Android news reader app Pulse. The purchase price is $90M (90% stock, 10% cash - LinkedIn's valuation might have something to do with that), in-line with the $50M-$100M reported last month by AllThingsD. If the SlideShare acquisition is any guide, look for LinkedIn to keep supporting Pulse's apps - the startup claims 30M+ people have used them at some point - while looking for ways to integrate its tools with its site, as it keeps looking for ways to bring user engagement closer to that of consumer-oriented social networks. 5 Comments [Tech, M&A]
Wednesday, April 10, 5:35 PM LinkedIn's (LNKD) Recruiter product, the bedrock of a Talent Solutions business that grew 90% Y/Y in Q4 and made up 53% of sales, has received a big overhaul. In addition to giving Recruiter a cleaner UI, LinkedIn has given the product more advanced search features, recommendations on recruiting targets, and a dashboard-like view of user activity. The changes come as LinkedIn carries out a price hike for Recruiter, betting its the popularity of its tools and unmatched resume database will allow it to still keep taking share from Monster (MWW) and others. Comment! [Tech]
Tuesday, April 2, 10:24 AM Groupon (GRPN -6.9%) "has a largely unproven business model, a wide ranging global business mix in transformation, and is undergoing a management change," writes UBS' Eric Sheridan. The daily deals leader is the only company given a Sell rating in a coverage launch for Internet stocks. Google (GOOG +0.6%), eBay (EBAY +1.1%), Yahoo (YHOO +1.2%), AOL (AOL +0.7%), Yelp (YELP +2.4%), and InterActiveCorp (IACI +2.1%) have been started at Buy, and Amazon (AMZN +0.4%), Facebook (FB +1.3%), LinkedIn (LNKD -0.2%), and Zynga (ZNGA +0.3%) at Neutral. Comment! [Tech, On the Move]
Monday, April 1, 9:18 AM Jefferies goes all-in on LinkedIn (LNKD): analyst Brian Pitz has raised his PT to $215 from $175. For those keeping score, that would represent an 87% gain from where shares traded at to start the year. Pitz sees LinkedIn's well-publicized efforts to boost engagement leading its advertising ops to outperform, and also expects the company's April Talent Solutions price hike to pay off. Jefferies started coverage at Buy last September. Shares +1% premarket. 7 Comments [Tech]
Wednesday, March 27, 1:00 PM Twitter's ad sales will more than double this year to $582.5M and hit $950M in 2014, predicts eMarketer - those numbers are up from a prior $545.2M and $807.5M, and drive home the momentum behind the microblogging platform's Promoted Trend and Promoted Tweets products. The revised forecasts could be providing a lift to Facebook (FB +2.5%) and (to a lesser extent) LinkedIn (LNKD +0.7%). (Facebook hashtag report) 3 Comments [Tech]
Monday, March 11, 5:36 PM LinkedIn (LNKD) is acquiring Alphonso Labs, the developer of popular news reader app Pulse, for $50M-$100M, AllThingsD reports. LinkedIn has been working hard to improve user engagement, which remains well below that of Facebook and Twitter, by rolling out a slew of features typically associated with consumer social networks. 1 Comment [Tech]

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