 |
|
|
LNKD jumped $13+ to $90 last Friday after their Q4 earnings release. |
|
|
Released on Saturday, February 11, 2012, 9:30 PM ET
Pittsburgh, PA (SpeculatingStocks) - LinkedIn (NYSE:LNKD) is one of the three premier social networks on the Internet with Facebook and Twitter being the other two. LinkedIn is the "social network for professionals." LinkedIn is becoming integral to business and their hiring model as well of course for people looking for jobs or partnerships.
It is becoming clearer all the time that social networking is here to stay and is an evolution of the Internet. LinkedIn is superbly positioned to take advantage of the social networking trend long-term. Their brand name is solid and they already have close to a $9 billion industry footprint.
LinkedIn.com reaches about 6% of the Internet and is the #12 ranked site globally on the Internet. Its users spend on average around 8 minutes daily on the site.
Late last Thursday, 2/9, LNKD reported their 4th quarter results. Revenue more than doubled from the previous year, to nearly $168 million and the company earned $6.9 million, better than analysts expected. LNKD expects revenue to climb to $860 million this year.
LinkedIn.com also grew by 14 million in Q4 to a total of 145 million at the end of 2012. LNKD is a special kind of company and has established itself. We believe its value could soar in the new social economy. LNKD's 52-week high of $122.69 is not out of the question.
Find more stocks on the SpeculatingStocks homepage.
Comments:
