![]() ![]() Plus, the rate at which fund deposits or withdrawals complete depends on your brokerage's hours. Keep in mind, though, that you won't be able to place any orders until the market reopens. You can check balances, monitor your portfolio's performance, or initiate deposits or withdrawals. However, you can still perform basic functions in your account. Unless you're using international stock exchanges or electric communication networks, you probably won't be able to trade during the weekend or on holidays when the market is closed. ET)Ĭan you still use your account while the stock market is closed? ET)ĭay before New Year's Eve (closes at 2 p.m. Hosted by Tim Stenovec and Katie Greifeld, Take Stock is your midday destination into the market day, speaking directly to retail traders and more Also streaming on your TV: Markets Markets. ET)ĭay before Christmas Eve (closes at 2 p.m. ET)ĭay before Thanksgiving Day (closes at 2 p.m. ET)ĭay before Independence Day (closes at 2 p.m. Up to Friday's close, LinkedIn stock had already lost just over half its value so far this year.Day before Memorial Day (closes at 2 p.m. "Given those macro concerns and LinkedIn's recent execution issues, we expect investors will demand financial outperformance before there is meaningful recovery in LNKD's multiple," Goldman Sachs analysts wrote in a client note. LinkedIn has been spending heavily on expansion by buying companies, hiring sales personnel and growing outside the United States, but is now facing pressure in Europe, the Middle East, Africa and Asia-Pacific due to macro-economic issues. LinkedIn should be trading at $71.79, a 30 percent discount to the stock's Friday's low, according to StarMine's Intrinsic Valuation model, which takes analysts' five-year estimates and models the growth trajectory over a longer period. Get access Learn more Click to play video Interested in more resources for small businesses Follow our LinkedIn page for news, tips, and information. Check out how you can showcase the services you provide and be connected to potential clients. Twitter Inc (TWTR.N) trades at 29.5 times forward earnings, Facebook Inc (FB.O) at 33.8 times and Alphabet Inc (GOOGL.O) at 20.9 times.Įven after the selloff, LinkedIn's shares may still be overvalued, according to Thomson Reuters StarMine data. We spoke to hundreds of small business owners to understand how we can build value for them on LinkedIn. LinkedIn's disappointing forecast and a weak forecast from data analytics software maker Tableau Software Inc (DATA.N) reverberated through the tech sector on Friday, sending the Nasdaq Composite (.IXIC) down more than 3 percent.Īs of Thursday, LinkedIn shares were trading at 50 times forward 12-month earnings, making it one of the most expensive stocks in the tech sector. "We were wrong," they said in a client note. RBC analysts said they had thought LinkedIn was on the cusp of "fundamentally positive" change. "The mediocre employment report from the Labor department just amplified the reaction of anything employment sensitive today." Crews were still working on hot spots from the fire at 5:00 p.m., according to a. "It's not a great day to have reported tough guidance," said Randle Reece, an analyst with Avondale Partners LLC. As of 12:50 p.m., crews with the GFD remained on the scene, actively fighting the fire, according to officials. LinkedIn's hiring business, called Talent Solutions, is the company's biggest unit by revenue. monthly jobs report, which showed employment gains slowed more than expected in January. Underscoring the slowdown in growth, LinkedIn said online ad revenue growth slowed to 20 percent in the latest quarter from 56 percent a year earlier.Īdding fuel to the selloff was the release of the U.S. ![]() "This would imply that LinkedIn will grow around 15 percent in 2017 and 10 percent in 2018," Mizuho analysts said. LinkedIn forecast full-year revenue of $3.60-$3.65 billion, missing the average analyst estimate of $3.91 billion, according to Thomson Reuters I/B/E/S. Their median target dropped 34 percent to $188, according to Reuters data. "With a lower growth profile, we believe that LinkedIn should not enjoy the premium multiple it has grown accustomed to," Mizuho Securities USA Inc analysts wrote in a note.Īt least 36 brokerages cut their price targets, with Pacific Crest halving its target to $190. At least nine brokerages downgraded the stock to "hold" from "buy", saying the company's lofty valuation was no longer justified. ![]()
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