LinkedIn Corporation (NASDAQ: LNKD)
LinkedIn Corporation (LNKD) an online professional network company on Thursday announced fourth quarter and full year 2015 financial results and provided guidance for 2016. LNKD gapped down 35% based on its weak guidance numbers for first quarter 2016. LNKD reported that they are expecting first quarter 2016 earnings per share of $0.55 which fell short of analyst expectations of $0.74 per share. LNKD expects revenues to be $820 million which also fell short of analyst expectations of $866.86 million.
LinkedIn Corporation CEO’s Comments
“Q4 was a strong quarter for LinkedIn, bringing to a close a successful year of growth and innovation against our long-term roadmap,” said Jeff Weiner, CEO of LinkedIn. “We enter 2016 with increased focus on core initiatives that will help drive growth and scale across our portfolio.” Globe Newswire
LNKD Technical Analysis
LNKD gapped down in price on Friday to $125.34, down from the prior day’s close of $192.28, which is a 35% decrease in price. Taking a look at the daily chart we can see that the last time LNKD traded below this price level you have to go all the way back to January 28th, 2013 when it traded at $123.82. Taking a closer look at the daily chart we can see that LNKD has been on an overall decline dating back to November 10th, when it traded at $255.54. LNKD has gapped down through it previous 52 week low price of $165.57 which was reached on August 24th. LNKD has a float of 115.01 million shares and is trading over 16 times the normal daily trading volume. LNKD reached pre market lows of $124, but bounced back $1.34 at the open, or equivalent to 1%. For trading purposes, my entry short would have been $125.25 looking for a run down to $120. My stop loss would have been $126, fearing anything above that and the stock would start to fill in the gap down.
LinkedIn Corporation, together with its subsidiaries, operates an online professional network worldwide. The company, through its proprietary platform, allows members to create, manage, and share their professional identity online; build and engage with their professional networks; access shared knowledge and insights; and find business opportunities. It also offers LinkedIn mobile applications across a range of platforms and languages, including iOS for iPhone and iPad, Android, Blackberry, Nokia Asha, and Windows Mobile; and a public Website that allows developers to integrate its content and services into their applications. In addition, the company provides talent solutions, such as LinkedIn Corporate solutions that enables enterprises and professional organizations to find, contact, and hire qualified candidates; LinkedIn Job Postings that allow enterprises and professional organizations to advertise job opportunities on its network; and subscriptions for individuals. Further, it offers marketing solutions, including enterprise solutions to target larger advertisers who receive dedicated account management and additional marketing solutions; sponsored updates that enable advertisers to share and amplify content marketing messages; and LinkedIn Ads, a self-service platform that enables advertisers to build and target their advertisement to its members based on information in their profile. Additionally, the company provides premium subscription services that are designed for general professionals to manage their professional identity, grow their networks, and connect with talent; and LinkedIn Sales Navigator, a social selling solution that provides sales professionals with the ability to find, qualify, and create new opportunities and helps sales management. LinkedIn Corporation was founded in 2002 and is headquartered in Mountain View, California. Yahoo Finance