The company’s guidance for first-quarter adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was about $190 million – analysts had forecast about $213.9 million, according to StreetAccount.
Advertisement
For the full year, LinkedIn projects between $3.6 billion and $3.65 billion in revenue, which again came up short of the consensus of $3.91 billion, and adjusted EBITDA of between $950 million and $975 million.
The company has also made an effort to showcase original content. “Influencers” including well-known business leaders and celebrities, write posts about their career experiences and share them to their LinkedIn following.
LinkedIn’s stock closed up $1.37 to $192.62 in regular trading before its fourth-quarter results were announced.
The social networking site for professionals is expected to report revenue of 7.6 million, up 33% from the year-earlier quarter.
The company, which provides a service to connect job seekers and other professionals, beat expectations for revenue and profit in the fourth quarter and showed solid growth – in the past. The stock’s 50-day moving average is $211.39 and its 200-day moving average is $211.17. Company shares were Reiterated by MKM Partners on Nov 10, 2015 to “Buy”, has raised the Price Target to $ 310 from a previous price target of $285.
Advertisement
But even with a strong core business, MKM analysts said the company’s stock will likely continue to be volatile amid market uncertainty, and could take further hits if the markets cause a slowdown in spending on hiring products. When considering if perhaps the stock is under or overvalued, the average price target is $261.67 which is 36.1% above where the stock opened today. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Following the transaction, the senior vice president now directly owns 40,086 shares in the company, valued at approximately $7,819,976.88. The disclosure for this sale can be found here. The company’s market cap is $25.21 billion. LinkedIn Corp has a 12-month low of $165.57 and a 12-month high of $276.18. This means that the company’s sponsored content sector will be the key marketing metric, while “disciplined expense management” as well as talent solutions should drive revenue. These increases were driven by strength in new account performance within field sales and continued strength in online subscriptions.
