Yahoo! (YHOO) Suffers from a Lack of Focus - BMO

Piper Jaffray Remains Bullish on Yahoo! (YHOO) Despite Continued Headwinds

February 3, 2016 9:25 AM EST

Piper Jaffray maintained an Overweight rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $31.00 (from $39.00), following the company's 4Q earnings report. Yahoo! reported Q4 ex-TAC revenue of $1.00B, 5% ahead of the Street at $948M. However, the company guided Q1 net revenue down 8% to $820-860M and CY16 net revenue down 9% to $3.4-3.6B.... More

Yahoo! (YHOO) Core Only 12% of Value - Macquarie

February 3, 2016 8:46 AM EST

Macquarie analyst, Ben Schachter, reaffirmed his Outperform rating on Yahoo! (NASDAQ: YHOO) since he believes the core operating business means little in the overall company valuation. For this reason, he reiterated an Outperform rating with a reduced PT of $33 (from $37). That said, he is concerned that the vast majority of EBITDA is coming from search and he believes the company will not be able to maintain marketshare as the world moves to mobile.

YHOO remains a stock driven by the value of its Asia assets and the... More

RBC Capital Lowers Yahoo! (YHOO) PT to $33

February 3, 2016 8:16 AM EST

RBC Capital analyst, Mark Mahaney thinks that shares of Yahoo (NASDAQ: YHOO) have bottomed out here but he recognizes that the stock price won't bottom until fundamentals do. Reducing PT to $33 from $42 and maintaining the Sector Perform rating.

YHOO reported Q4 Net Revenue of $1.00B, about 5% above RBC & Street estimates & the guidance high-end. Still, Net Revenue declined 15% Y/Y, which implies deteriorating asset risk. EBITDA of $215MM came in around 13% ahead of RBC... More

Yahoo! (YHOO) Is Setting Itself Up for a Breakup - SunTrust's Peck

February 3, 2016 7:59 AM EST

SunTrust Robinson Humphrey analyst, Bob Peck, thinks that layoffs, writedowns, asset sales and a new strategy set the stage for a Yahoo! (NASDAQ: YHOO) sale. He goes further to state that the core is valued at a negative amount and shareholders would benefit if the company gave the core away for free due to the fair value attribution of the investments. No change to Buy rating or $40 PT.

Yahoo's 4Q report had a lot of new information on cost cutting, asset sales, writedowns, and... More

Yahoo! (YHOO) Numbers Cut at Evercore ISI on Poor Familiar Trends

February 3, 2016 7:16 AM EST

Evercore ISI analyst Ken Sena reiterated a Hold rating and trimmed his price target on Yahoo! (NASDAQ: YHOO) to $37.00 (from $40.00) following lackluster results and another restructuring.

Sena commented, "Yahoo! reported a quarter with many familiar trends. For over two years now, Yahoo provided a major quarterly step down in its core EBITDA guidance, with $110mm (midpoint) a 52% decrease from the prior year, a... More

Yahoo! (YHOO) Guidance Falls Short - FBR

February 3, 2016 7:00 AM EST

FBR analyst, William Bird, thinks that Yahoo! (NASDAQ: YHOO) light outlook will overshadow the strong quarter and investors may be concerned that prolonging a split or sale, could further erode Yahoo's market cap. No change to Outperform rating but the price target moves to $37 from $44.

YHOO appears to be signaling an openness to talk with potential acquirers. Yahoo indicated that the board also believes that exploring additional strategic alternatives, in parallel... More

Susquehanna Cuts Price Target on Yahoo! (YHOO) to $40 as Core Struggles Continue

February 3, 2016 6:53 AM EST

Susquehanna maintained a Positive rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $40.00 (from $41.00), following the company's 4Q earnings report. Search and Other revenue drove revenue ex TAC to beat consensus by 6%. Lower opex also helped EBITDA, which came in 15% ahead of... More

Cowen Trims PT on Yahoo! (YHOO) to $32 Following Q4 Results, Outlook, Streamlining

February 3, 2016 6:28 AM EST

Cowen and Company lowers its price target on Yahoo! (Nasdaq: YHOO) from $35 to $32 following Q4 results and restructuring plan announced on Tuesday night.

Analyst John Blackledge commented, Although headline numbers in 4Q beat our forecasts, we found little to recommend in this report... More

Yahoo! (YHOO) Guides Q1, FY16 Revenue Below Views

February 2, 2016 4:39 PM EST

Yahoo! (NASDAQ: YHOO) sees Q1 revenue of $820 - $860 million, ex. TAC, and adjusted EBITDA of $100 - $120 million. The Street is at Q1 revenue of $907.8 million and adjusted EBITDA of $181 million.

The company sees FY16 revenue of $3.4 - $3.6 billion, ex. TAC, and adjusted EBITDA of... More

Yahoo! (YHOO) to Pursue Reverse Spin and Explore Non-Strategic Asset Divestitures; Cut 15% of Workforce

February 2, 2016 4:35 PM EST

Yahoo! Inc. (NASDAQ: YHOO) will announce today 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 (DAUs)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... More

Yahoo! (YHOO) Reports In-Line Q4 EPS; Announces Strategic Growth Plans, Explore Divestitures

February 2, 2016 4:30 PM EST

(Updated - February 2, 2016 4:31 PM EST)

Yahoo! (NASDAQ: YHOO) reported Q4 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.19 billion.

Fourth Quarter and Full Year 2015 Financial Highlights

Mavens Revenue:

Q4 2014

Q4 2015 Full Year 2014... More