Key Developments: LinkedIn Corp (LNKD.N)

LNKD.N on New York Stock Exchange

213.00USD
1 Aug 2013
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Latest Key Developments (Source: Significant Developments)

LinkedIn Corp Raises FY 2013 Guidance; Issues Q3 2013 Guidance Below Analysts' Estimates
Thursday, 1 Aug 2013 04:06pm EDT 

LinkedIn Corp announced that for the third quarter of 2013, it expects revenue to range between $367 million and $373 million. Adjusted EBITDA is expected to range between $81 million and $83 million. For fiscal 2013, revenue is revised upwards to range between $1.455 billion and $1.475 billion. Adjusted EBITDA is also revised upwards to range between $340 million and $355 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $383 million and EBITDA of $88 million for third quarter of 2013.  Full Article

LinkedIn Corp Raises FY 2013 Guidance; Issues Q2 2013 Guidance Below Analysts' Estimates
Thursday, 2 May 2013 04:06pm EDT 

LinkedIn Corp announced that for the second quarter of 2013, it expects revenue to range between $342 million and $347 million, adjusted EBITDA to range between $77 million and $79 million. For fiscal 2013, revenue is revised upward by $20 million to range between $1.430 billion and $1.460 billion and adjusted EBITDA is revised upward by $15 million to range between $330 million and $345 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $359 million and EBITDA of $84 million for second quarter of 2013; revenue of $1.494 billion and EBITDA of $358 million for fiscal 2013.  Full Article

LinkedIn Corp Acquires Pulse, News Reader And Mobile Content Distribution Platform
Thursday, 11 Apr 2013 04:20pm EDT 

LinkedIn Corp announced it agreed to acquire Pulse (owned by Alphonso Labs, Inc.), a news reader and mobile content distribution platform. Following closing, members of the Pulse team, including those from Engineering, Product and Design, will join LinkedIn at the company's Mountain View, Calif., headquarters. The existing Pulse apps will continue to be supported as the integrated Pulse and LinkedIn teams work to build future generations of professional content consumption products. The transaction is valued at approximately $90 million, subject to adjustment, in a combination of approximately 90% stock and approximately 10 percent cash, and the stock being issued in the transaction will be done so in a private placement. Subject to the completion of customary conditions, the acquisition is expected to close during the second quarter of 2013.  Full Article

LinkedIn Corp Issues Q1 2013 Guidance; EBITDA Guidance Above Analysts' Estimates; Issues FY 2013 Guidance; EBITDA Guidance Below Analysts' Estimates
Thursday, 7 Feb 2013 04:15pm EST 

LinkedIn Corp announced that for first quarter of 2013, it expects revenue to range between $305-$310 million. Adjusted EBITDA is expected to range between $67-$69 million. For fiscal 2013, it expects revenue to a range between $1.41-$1.44 billion. Adjusted EBITDA is expected to range between $315-$330 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $310 million and EBITDA of $65 million for first quarter of 2013; revenue of $1.43 billion and EBITDA of $346 million for fiscal 2013.  Full Article

LinkedIn Corp Issues Q4 2012 Guidance; EBITDA Guidance Above Analysts' Estimates; Raises FY 2012 Guidance
Thursday, 1 Nov 2012 04:15pm EDT 

LinkedIn Corp announced that for fourth quarter of 2012, it expects revenue in the range of $270 to $275 million. The company expects adjusted EBITDA to range between $58 and $60 million. The Company has revised its fiscal 2012 guidance and expects revenue range upward to $939 to $944 million from the prior range of $915 to $925 million. The company has also revised upward its expected adjusted EBITDA range to $202 to $204 million from the prior range of $185 to $190 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $272 million and EBITDA of $57 million for fourth quarter of 2012; revenue of $933 million and EBITDA of $194 million for fiscal 2012.  Full Article

LinkedIn Corp Issues Q3 2012 Guidance In Line With Analysts' Estimates; Raises FY 2012 Guidance
Thursday, 2 Aug 2012 04:15pm EDT 

LinkedIn Corp announced that for the third quarter of 2012, it expects revenue to range between $235 million to $240 million, adjusted EBITDA to range between $42 million and $45 million. The Company has revised fiscal 2012 guidance and expects revenue range upward to $915 million to $925 million from the prior range of $880 million to $900 million. The Company has also revised upward its expected adjusted EBITDA range to $185 million to $190 million from the prior range of $170 million to $175 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $236 million and EBITDA of $45 million for the third quarter of 2012; revenues of $910 million and EBITDA of $184 million for fiscal 2012.  Full Article

InNova Patent Licensing LLC Files Patent Infringement Lawsuits Against LinkedIn Corp And Others
Thursday, 21 Jun 2012 01:30pm EDT 

Longview, Texas-based InNova Patent Licensing LLC has filed patent infringement lawsuits against 24 tech companies accused of infringing an InNova patent used in e-mail spam technology. The Lanier Law Firm represents InNova in its claims against Facebook Inc., Microsoft Corp., PayPal Inc., eBay Inc., LinkedIn Corp., Comcast Corp and other technology and communications companies. The lawsuits, including InNova Patent Licensing, LLC v. Facebook Inc., No. 2:12-cv-00363, were filed June 21, 2012, in the U.S. District Court for the Eastern District of Texas in Marshall. The federal patent claim focuses on an InNova patent, U.S. Patent No. 6,018,761, that covers technology used to differentiate between spam e-mail messages and those that users actually want to receive. The lawsuit alleges that the defendant companies have used InNova's patented e-mail technology for years without permission.  Full Article

LinkedIn Corp Sued For $5 Million Over Data Breach-Reuters
Wednesday, 20 Jun 2012 04:43pm EDT 

Reuters reported that an Illinois woman has filed a $5 million lawsuit against LinkedIn Corp, saying the social network violated promises to consumers by not having better security in place when more than six million customer passwords were stolen. The lawsuit, which was brought in federal court in San Jose, California, on June 15 and seeks class-action status, was filed less than two weeks after the stolen passwords turned up on websites frequented by computer hackers. The LinkedIn lawsuit was filed by Katie Szpyrka, a user of the website from Illinois. The case is Katie Szpyrka v. LinkedIn Corporation, U.S. District Court for the Northern District of California, No. 12-3088.  Full Article

LinkedIn Corp Issues Q2 2012 Guidance; Revenue Guidance Above Analysts' Estimates; Raises FY 2012 Guidance
Thursday, 3 May 2012 04:15pm EDT 

LinkedIn Corp announced that for the second quarter of 2012, it expects revenue to range between $210-$215 million, expects adjusted EBITDA to range between $40-$42 million. For fiscal 2012, it has revised upward its expected revenue range to $880-$900 million from the prior range of $840-$860 million. The Company also revised upward its expected adjusted EBITDA range to $170-$175 million from the prior range of $155-$165 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $208 million and EBITDA of $40 million for the second quarter of 2012; revenues of $877 million and EBITDA of $169 million for fiscal 2012.  Full Article

LinkedIn Corp To Acquire SlideShare
Thursday, 3 May 2012 04:10pm EDT 

LinkedIn Corp announced that it agreed to acquire SlideShare, a professional content sharing community. The transaction is valued at approximately $118.75 million, subject to adjustment, in a combination of approximately 45% cash and approximately 55% stock. Subject to the completion of customary conditions, the acquisition is expected to close during the second quarter of 2012.  Full Article

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LinkedIn membership and revenue soar, mobile outlook promising

SAN FRANCISCO - LinkedIn Corp sailed passed Wall Street's expectations with second-quarter revenue jumping 59 percent, as its efforts to become a highly trafficked website and popular mobile app paid off with robust membership growth.

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