![]() ![]() Netflix is the biggest loser ( NFLX), down 6%, while Facebook ( FB) and Amazon ( AMZN) were down 5%. Meanwhile, the combination of FANG - Facebook, Amazon, Netflix and Alphabet (formerly Google) - continues its 2016 slump. Tableau's miss also pulled shares of other cloud companies lower, including CRM (down 12%) and Workday WDAY (down 12.7%). "Looking more closely at the long-term product roadmap, the path to engaging new groups of power users (B2B marketers, salespeople) has been bumpier than expected," said Daniel Salmon of BMO Capital Markets.Īlso dragging on tech stocks is Tableau Software, which dove nearly 50% after reporting a loss of $41 million in the fourth quarter. Yahoo Finance provides free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. The weak outlook pushed analysts to downgrade the stock, as fears surface over LinkedIn's growth. If LinkedIn's decline holds at Friday's close, shares will be down nearly 50% for the year.ĭuring its fourth quarter earnings call Thursday, the company led by CEO Jeff Weiner reported first-quarter revenue guidance of $820 million, a huge miss from the $867 million investors projected. LinkedIn shed $10 billion in value, the biggest one-day drop for the company since it went public. Shares of the professional social network ( LNKD) plunged 42% in midday trading Friday to $112.02, leading an overall slide in technology stocks along with declines among cloud computing companies. Investors can't disconnect from LinkedIn stock fast enough. LinkedIn said its sales for the current quarter would come in. Watch Video: LinkedIn forecasts slower growth on sales weakness Shares of LinkedIn tanked on Friday, falling 43 after the company gave a somewhat conservative outlook for the current quarter.
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