Stock Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! Finance Is Betting on Tumblr for Finance

Yahoo! Inc. (NASDAQ:YHOO) [at TheStreet] – Yahoo! is turning to its Tumblr platform as it seeks to boost engagement for Yahoo! Finance, allowing investors such as Carl Icahn and more to publish expert generated content.
Read more on this.

Yahoo! Inc. (YHOO), valued at $34.26B, began trading this morning at $33.78.
During the trading session, YHOO traded between $33.71 to $33.84 and has traded between $26.75 and $41.72 over the past 12 months.
Yahoo (YHOO) shares are currently priced at 23.17x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.61x earnings multiple for the same period.

In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $0.31 per share, which would be $0.03 worse than the year-ago quarter and a $0.10 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $1.45 would be a $0.07 setback when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.04 Billion. If realized, that would be a 3.70% decrease over the year-ago quarter.
Recently, CRT Capital downgraded YHOO from Buy to Fair Value (Jul 16, 2014). Previously, FBR Capital Initiated YHOO at to Mkt Perform.
Given all the information above, we should disclose to readers that the average price target is $39.67, which is 17.44% above than it opened this morning.
Summary (NASDAQ:YHOO) :  Yahoo! Inc. operates as a technology company worldwide. The company offers search products, including Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktop. It also provides communications products, such as Yahoo Mail that connects users to the people and things; Yahoo Messenger, an instant messaging service; and Yahoo Groups, which enables users to join groups based on shared interests and involvements. In addition, the company offers digital magazines comprising that brings together the relevant content; My Yahoo, a customizable homepage; Yahoo Weather, which provides users with weather conditions and information for various cities and locations; Yahoo News that offers news through text, photos, and video; Yahoo Sports, which serves audiences of digital sports enthusiasts; Yahoo Finance that offers financial data, information, and tools, which facilitate users to make financial decisions; and Yahoo Entertainment and Lifestyles, a collection of properties focused on various trends and information in culture, women’s issues, and media. Further, it provides original, premium, and third-party news, finance, sports, entertainment, and lifestyle video content through various Yahoo properties, including Yahoo Screen and Yahoo Smart TV; Flickr, a Web and mobile photo management and sharing service; and Tumblr that offers a Web service and mobile applications, which facilitate users to create and share content of various kinds. Additionally, the company’s advertiser offerings include Search Advertising, Native Advertising, Yahoo Audience Ads, Yahoo Premium Ads, and Yahoo Video; and ad platforms comprise Yahoo Ad Manager, Yahoo Ad Manager Plus, and Yahoo Ad Exchange. It has approximately 800 million monthly users. Yahoo! Inc. 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) .

NYSE, NASDAQ, Market Data, Earnings Estimates, Analyst Ratings and Key Statistics provided via Yahoo Finance, unless otherwise specified. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Jutia Group will not be liable for any errors, incompleteness or delays, or for any actions taken in reliance on the data displayed herein.

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