LinkedIn (LNKD) is slated to report earnings Thursday after the market close, during a challenging period for the professional networking website. LinkedIn reported better-than-expected Q2 earnings on July 30, but the stock fell 10.5% because of its unexpected slowdown in display advertising growth and concerns about LinkedIn’s sales force. LinkedIn is in the process of expanding its sales force as part of a business model transition, and it’s
Amazon.com (AMZN) delivered a gargantuan Q3 earnings estimate beat last week. It put the e-commerce giant on IBD’s Estimate Beaters Screen of the Day, which filters for top-rated companies with blowout profits. Several other Estimate Beaters technology stocks, including LinkedIn (LNKD), Fitbit (FIT) and Ctrip (CTRP), will report new quarterly results soon. Amazon, the 800-pound online retail gorilla, stomped on and crushed analysts’ Q3 forecasts
LinkedIn (LNKD) was upgraded to a hold from sell by Brean Capital, which pointed to an improved risk-reward situation. “We believe that several of our concerns have largely played out,” wrote Brean analyst Sarah Hindlian in a research note Wednesday. She raised her fair value estimate on LinkedIn stock to 184 from 172. LinkedIn stock, though, has been above 184 for a week, and was up 1%, near 198, in midday trading on the stock market today.