Needham & Company Q2 Review on LinkedIn (LNKD): Unstoppable
Tweet Send to a FriendGet Alerts LNKD Hot Sheet
Price: $182.31 -0.02%
Rating Summary:
18 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
18 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade LNKD Now!
Needham & Company maintains a 'Hold' on LinkedIn (NYSE: LNKD).
Analyst, Kerry Rice, said, "LinkedIn beats and raises guidance. We remain positive on LinkedIn’s business and believe few, if any challengers could compete effectively. Despite the global macro challenges, we believe LinkedIn is gaining share as enterprises shift their recruiting budgets away from traditional channels towards LinkedIn. Modest FY12 margin expansion as the company continues investing, but leverage should improve in FY13. While we remain on the sidelines as a result of valuation, the acceleration across segments justifies the premium valuation, in our opinion."
FY12 EPS estimate lowered from $0.60 to $0.52 and FY13 raised from $1.10 to $1.30.
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 $93.51 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
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Kerry Rice, said, "LinkedIn beats and raises guidance. We remain positive on LinkedIn’s business and believe few, if any challengers could compete effectively. Despite the global macro challenges, we believe LinkedIn is gaining share as enterprises shift their recruiting budgets away from traditional channels towards LinkedIn. Modest FY12 margin expansion as the company continues investing, but leverage should improve in FY13. While we remain on the sidelines as a result of valuation, the acceleration across segments justifies the premium valuation, in our opinion."
FY12 EPS estimate lowered from $0.60 to $0.52 and FY13 raised from $1.10 to $1.30.
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 $93.51 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
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UBS Raises PT on Tesoro (TSO)
- UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17
- Goldman Sachs Upgrades Abbott Labs (ABT) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & Company
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
