Why Yext (YEXT) Stock Is Trading Lower Today [Yahoo! Finance]
Yext, Inc. (YEXT)
Last yext, inc. earnings: 3/3 04:15 pm
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Source: Yahoo! Finance
Shares of online reputation and search platform Yext (NYSE:YEXT) fell 8.5% in the pre-market session after the company reported underwhelming fourth-quarter results, with revenue merely in line with expectations while EPS fell short. Looking ahead, management decided to hold back on full-year revenue guidance, pointing to uncertainty around new product adoption and currency swings. Instead, they put out an adjusted EBITDA target of $100 million to $103 million, which signals they feel good about controlling costs. Overall, this quarter could have been better. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Yext? Access our full analysis report here, it's free
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