Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo Acquires Natural Language Processing Company Skyphrase To Help Drive Intent Identification

Yahoo! Inc. (NASDAQ:YHOO) [at TechCrunch] – Yahoo has acquired SkyPhrase, a startup that builds natural language processing technology, the company revealed today in a blog post. SkyPhrase will join Yahoo’s New York office, according to that company’s site, and will work with Yahoo to help continue its goal of “making computers deeply understand people’s natural language and intentions.” Back in October, we covered SkyPhrase, and noted specifically that its NLP tech could be used to advance fantasy sports, which is of course an area where Yahoo excels and has a considerable investment already.
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Yahoo! Inc. (YHOO), with a current value of $37.51B, opened this morning at $37.05.
Today, shares have traded between $36.69 and $37.14 per share and has traded between $18.34 and $37.35 over the past year.
 
YHOO shares are currently priced at 25.32x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.08x earnings multiple for the same period.

 
In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.38 per share, which would be $0.06 better than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $1.46 is a $0.29 better when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.20 Billion. If reported, that would be a 1.64% decrease over the year-ago quarter.
Recently, CRT Capital Initiated YHOO at Fair Value (Sep 19, 2013). Previously, Needham downgraded YHOO from Buy to Hold.
When considering if the stock is under or overvalued, the average price target is $35.59, which is 3.94% below where the stock opened this morning.
 
Yahoo! Inc. (NASDAQ:YHOO), is a global internet services company that operates the Yahoo! Internet portal. It provides varied products and content, from email and search to media streaming and downloads. Its main revenue sources come from advertising and marketing services. The company was founded in 1994 and is headquartered in Sunnyvale, California.
 
Tag Helper ~ Stock Code: YHOO | Common Company name: Yahoo | Full Company name: Yahoo! Inc. (NASDAQ:YHOO) .

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Read more on Yahoo!, Natural Language Processing at Wikinvest

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