Market Update: Yahoo! Inc. (NASDAQ:YHOO) – [video]Yahoo! to Defend Against Email-Snooping Charges, Judge Says

Yahoo! Inc. (NASDAQ:YHOO) [at TheStreet] – Yahoo! faces allegations it scanned Yahoo! Mail emails to glean data for targeted advertising, a practice in violation of users’ rights to privacy.
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Yahoo! Inc. (YHOO), with a current market cap of $35.96B, started trading this morning at $36.00.
 
Looking at today’s trading action, the company’s one day range from $35.78 to $36.45 and has traded between $26.75 and $41.72 over the past 12 months.
 
YHOO shares are currently priced at 25.01x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.88x earnings multiple.
 

 
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. Investors should also note that the full-year EPS estimate of $1.42 is a $0.10 worse when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.04 Billion. If reported, that would be a 3.70% decrease over the year-ago quarter.
 
In terms of ratings, 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 $39.50, which is 9.72% 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 Yahoo.com 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) .

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