Earnings Releases, Stock Price Updates, and New Applications Launches - Analyst Notes on Yelp, athenahealth, Salesforce.com, YY and Workday
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NEW YORK, May 9, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Yelp, Inc. (NYSE: YELP), athenahealth, Inc. (NASDAQ: ATHN), Salesforce.com (NYSE: CRM), YY Inc. (NASDAQ: YY) and Workday, Inc. (NYSE: WDAY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2262-100free.
Yelp, Inc. Analyst Notes
On April 30, 2014, Yelp Inc. (Yelp) released financial results for Q1 2014 showing revenues grew at a faster-than-expected pace and net loss narrowed down, in-line with the strong growth in average monthly visitors and active local business accounts. Yelp's revenues in Q1 2014 jumped 65.6% YoY to $76.4 million. The average monthly mobile unique visitors grew 52% YoY to approximately 61 million, while active local business accounts grew 65% YoY to approximately 74,000. During the quarter, Yelp narrowed its loss to $2.6 million, or $0.04 per diluted share, from $4.8 million, or $0.08 per diluted share, in Q1 2013. On average, analysts polled by Reuters expected the Company to post loss of $0.06 per diluted share on revenue of $75.1 million. Looking ahead, the Company expects its revenues in Q2 2014 to be in the range of $85 million to $86 million, representing growth of approximately 55% YoY. The full analyst notes on Yelp are available to download free of charge at:
http://www.analystsreview.com/2262-YELP-09May2014.pdf
athenahealth, Inc. Analyst Notes
On May 6, 2014, the stock of athenahealth, Inc. (athenahealth) plummeted 13.86% to end the trading session at $109.21 after David Einhorn, the President of Greenlight Capital Inc. and a noted hedge fund manager, slammed the current valuation of the Company. According to a CNBC report dated May 5, 2014, Einhorn stated that the stock of athenahealth could fall 80% or more from its peak share price in March 2014. athenahealth's stock opened at $110.96 and traded between $107.7 and $114.0 during the session, with a total of 4.26 million shares changing hands. As per the CNBC report, Einhorn called it a "Bubble stock" and added that the Company's future products potential are being overvalued by other investors. The full analyst notes on athenahealth are available to download free of charge at:
http://www.analystsreview.com/2262-ATHN-09May2014.pdf
Salesforce.com Analyst Notes
On May 6, 2014, Salesforce.com (Salesforce) announced that its leading 1:1 digital marketing platform, the ExactTarget Marketing Cloud, has launched Radian6 Buddy Media Social Studio -- a single platform for social content marketing, engagement, publishing and analytics, developed for both enterprise level and easy usage. Michael Lazerow, Chief Marketing Officer, Salesforce ExactTarget Marketing Cloud, said, "Buddy Media and Radian6 pioneered social marketing software, and we are reinventing it today with the launch of Social Studio. As social becomes more intertwined with every business, customers are using our solutions more than ever before to power social content marketing, engagement, publishing, advertising and analytics." The full analyst notes on Salesforce.com are available to download free of charge at:
http://www.analystsreview.com/2262-CRM-09May2014.pdf
YY Inc. Analyst Notes
On May 5, 2014, YY Inc. (YY) announced its financial results for Q1 2014. The Company's net revenues for Q1 2014 were RMB666.3 million, up 111.6% YoY, primarily driven by a 127.1% increase in revenues from internet value-added services. The net income attributable to YY increased to RMB183.6 million, or RMB3.06 per diluted share, from RMB63.9 million, or RMB1.11 per diluted share, in Q1 2013. Eric He, CFO, YY, stated, "In the first quarter, we were once again able to achieve results that exceeded our expectations on the top line, driven by increased user engagement and spending. Moreover, we also saw net income attributable to YY almost triple year-over-year due to the expanding scale and leverage of YY's business operations." The company anticipates its net revenues in Q2 2014 to be between RMB745 million and RMB755 million, representing a growth of approximately 82% to 85% YoY. The full analyst notes on YY are available to download free of charge at:
http://www.analystsreview.com/2262-YY-09May2014.pdf
Workday, Inc. Analyst Notes
On May 6, 2014, Workday, Inc. (Workday) announced the availability of Workday Recruiting -- an end-to-end application that redefines the way today's hiring teams find, engage, and select the best internal and external candidates for open positions. The Company informed that Workday Recruiting is seamlessly unified with Workday Human Capital Management (HCM) in order to endow customers with detailed insight into their talent pipeline ranging from sourcing through succession, in one system. According to the Company, Workday Recruiting is revealed along with the Company's latest update, Workday 22, including new HR and finance features used to manage talent, customer accounts, and expenditures. The full analyst notes on Workday are available to download free of charge at:
http://www.analystsreview.com/2262-WDAY-09May2014.pdf
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