Needham & Company Q2 Review on LinkedIn (LNKD): Unstoppable
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Price: $195.96 --0%
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 42
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 42
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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.
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.
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