LinkedIn (LNKD) Provides Weak Guidance as Management Tries to Refocus Business; FBR Capital Cuts PT to $135

LinkedIn (LNKD) PT Cut to $180 at Nomura

February 5, 2016 7:49 AM EST

Nomura Securities analyst Anthony DiClemente cut his price target on LinkedIn (NYSE: LNKD) to $180.00 (from $235.00) but maintained a Buy rating.

DiClemente commented, "Though LinkedIn reported upside to 4Q revenue (and material upside to EBITDA and EPS), guidance proved more conservative than expected, sending the... More

Sterne Agee CRT Reiterates Buy Following LinkedIn's (LNKD) Strong 4Q and Weak Guidance

February 5, 2016 7:27 AM EST

Sterne Agee CRT maintained a Buy rating on LinkedIn (NYSE: LNKD), and cut the price target to $218.00 (from $300.00), following the company's 4Q earnings report. LNKD reported 4Q15 Revenue / Adjusted EBITDA / EPS of $862M / $249M / $0.94. This compares to consensus of $857M / $217M / $0.78. 2016 guidance disappointed as... More

LinkedIn (LNKD) PT Cut to $230 at Credit Suisse

February 5, 2016 7:26 AM EST

Credit Suisse analyst S. Ju cut its price target on LinkedIn (NYSE: LNKD) to $230.00 (from $330.00) while maintaining an Outperform rating following Q4 results and weak guidance.

The firm's FY16 estimates for revenue/adj. EBITDA/EPS are now $3.57b/$959m/$3.05 vs. prior... More

Needham & Company Cuts Price Target as LinkedIn's (LNKD) 4Q Revenue Beat is Overshadowed by Weak Guidance

February 5, 2016 6:49 AM EST

Needham & Company maintained a Buy rating on LinkedIn (NYSE: LNKD), and cut the price target to $200.00 (from $300.00), following the company's 4Q earnings report. Non-GAAP EPS was $0.94, ahead of consensus of $0.78. Total revenue was reported at $862M, above expectations of $857M, decelerating slightly to 34% y/y growth from 37% in 3Q15. The primary revenue upside was driven by Learning and Development, as... More

LinkedIn (LNKD) Gets Slammed on Guidance - Evercore ISI

February 5, 2016 6:48 AM EST

Evercore ISI analyst, Ken Sena, noted that LinkedIn (NYSE: LNKD) guidance came in 1/3 lower than expectations. 2016 guidance for 21% revenue growth was 10 percentage points lower than consensus at 31%. Target price is cut to $155 from $245 and there is no change to the Hold rating.

Revenues of $862mm (34% y/y, 39% y/y x-FX) met our... More

Mizuho Securities Downgrades LinkedIn (LNKD) to Neutral

February 5, 2016 6:25 AM EST

Mizuho Securities downgraded LinkedIn (NYSE: LNKD) from Buy to Neutral with a price target of $150.00 (from $258.00) on a signifcantly lower growth outlook.

Analyst Neil Doshi commented, "We are downgrading shares of LNKD from Buy to Neutral on a beat and big lower 4Q. The... More

BMO Capital Downgrades LinkedIn (LNKD) to Market Perform

February 5, 2016 6:23 AM EST

BMO Capital downgraded LinkedIn (NYSE: LNKD) from Outperform to Market Perform with a price target of $150.00 (from $280.00).

Analyst Dan Salmon commented, "Although the horse is long out of the barn from a stock price perspective, we came away from 4Q results with less confidence in our long-term... More

RBC Capital Downgrades LinkedIn (LNKD) to Sector Perform

February 5, 2016 6:22 AM EST

RBC Capital downgraded LinkedIn (NYSE: LNKD) from Outperform to Sector Perform with a price target of $156.00 (from $300.00) followin a solid Q4 but the outlook for 16 implies material deceleration in growth, which removes support for the companys historically premium valuation.

The keys in the quarter, according to analyst Mark Mahaney:

1) Metrics Solid Registered Members of 414MM, up 19% Y/Y and ahead of the... More

Cowen Downgrades LinkedIn (LNKD) to Market Perform; Strong Q4 Overshadowed by Weak Outlook

February 5, 2016 6:14 AM EST

Cowen and Company downgrades LinkedIn (NYSE: LNKD) from Outperform to Market Perform and slashed its price target from $272 down to $140 following Q4 results and FY16 outlook issued Thursday night.

Analyst John Blackledge commented, LNKD's better 4Q15 was completely overshadowed by a much worse-than-expected '16 topline guide ~8% below est's into the print. Management. guidance implies a significant deceleration in... More

After-Hours Stock Movers 02/04: (MFLX) (UBNT) (SYMC) Higher; (DATA) (LNKD) (OUTR) Lower (more...)

February 4, 2016 6:02 PM EST

Tableau Software (NYSE: DATA) 42% LOWER; reported Q4 EPS of $0.33, $0.17 better than the analyst estimate of $0.16. Revenue for the quarter came in at $202.8 million versus the consensus estimate of $200.77 million. Sees FY 2016 sales of $830-$850 million, versus the consensus of $871 million. They sees FY 2016 EPS of $0.22-$0.35, versus the consensus of $0.62.

Multi-Fineline Electronix, Inc. (NASDAQ: MFLX) 40% HIGHER; The company and Suzhou Dongshan Precision Manufacturing Co., Ltd., one of the largest suppliers of precision sheet metal components,... More

LinkedIn (LNKD) Tops Q4 EPS by 16c; Issues Light Q1, FY16 Outlook

February 4, 2016 4:06 PM EST

LinkedIn (NYSE: LNKD) reported Q4 EPS of $0.94, $0.16 better than the analyst estimate of $0.78. Revenue for the quarter came in at $862 million versus the consensus estimate of $857.59 million.

Talent Solutions revenue (inclusive of Learning & Development) increased 45% year-over-year in the fourth quarter to $535 million and increased 41% year-over-year to $1,877 million in 2015.

Hiring revenue... More

U.S. stocks rise for second day; materials a boost

February 4, 2016 7:24 AM EST

By Caroline Valetkevitch

(Reuters) - A jump in materials shares helped U.S. stocks eke out a second straight day of gains on Thursday, though disappointing forecasts from retailers and anxiety ahead of Friday's jobs report limited the advance.

The S&P 500 materials index rose 2.8 percent, leading the day's gains, as declines in the U.S. dollar lifted copper and other metals prices.

The dollar index fell for a fourth day on the latest batch of soft U.S. data, which dampened expectations for U.S. interest rate hikes this year. A weaker... More

Trading Radar for 2/4: Cigna (CI), ConocoPhillips (COP), LinkedIn (LNKD), Occidental (OXY), News Corp. (NWSA) Report

February 3, 2016 2:27 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

Initial Claims - Street sees 275kContinuing Claims - Street sees 2.253MProductivity: Prelim. - Street sees (1.7%)Unit Labor Costs: Prelim. - Street sees 3.8%

Earnings:

Abiomed (Nasdaq: ABMD) - consensus EPS $0.15
AmerisourceBergen (NYSE: ABC) - consensus EPS $1.25
Arrow Electronics (NYSE: ARW) - consensus EPS $1.83
Asbury Automotive Group... More