Needham & Company Maintains a 'Hold' on LinkedIn (LNKD); Stopping By For A Visit
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Price: $173.80 -1.43%
Rating Summary:
19 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
19 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade LNKD Now!
Needham & Company maintains a 'Hold' on LinkedIn (NYSE: LNKD).
Analyst, Kerry Rice, said, "During our company visit, we had a Talent Pipeline demo, the newest application for LinkedIn’s flagship Recruiter product. Additionally, we expect the company to reveal new features and verticals in the near future that should serve as revenue catalysts. We also touched on LinkedIn’s market opportunity, impact of the turmoil in Europe, competition, and the recent security breach."
"Given the economic turmoil in Europe, we expect international revenue to be in line with our expectations...In general, we believe competition has modestly strengthened, but engagement sustainability remains in question...Financial impact of security breach uncertain, but LinkedIn working hard to address password hack...LinkedIn’s shares trade at an EV/EBITDA multiple of 32x based on our FY13 EBITDA estimate, a premium to most other Internet and SaaS companies."
For an analyst ratings summary and ratings history on LinkedIn click here. For more ratings news on LinkedIn click here.
Shares of LinkedIn closed at $94.29 yesterday, with a 52 week range of $55.98-$120.63.
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Analyst, Kerry Rice, said, "During our company visit, we had a Talent Pipeline demo, the newest application for LinkedIn’s flagship Recruiter product. Additionally, we expect the company to reveal new features and verticals in the near future that should serve as revenue catalysts. We also touched on LinkedIn’s market opportunity, impact of the turmoil in Europe, competition, and the recent security breach."
"Given the economic turmoil in Europe, we expect international revenue to be in line with our expectations...In general, we believe competition has modestly strengthened, but engagement sustainability remains in question...Financial impact of security breach uncertain, but LinkedIn working hard to address password hack...LinkedIn’s shares trade at an EV/EBITDA multiple of 32x based on our FY13 EBITDA estimate, a premium to most other Internet and SaaS companies."
For an analyst ratings summary and ratings history on LinkedIn click here. For more ratings news on LinkedIn click here.
Shares of LinkedIn closed at $94.29 yesterday, with a 52 week range of $55.98-$120.63.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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