) added another feather to its cap by registering 300 million
global members, the company reported on Apr 18. Also, the
professional networking company revealed that approximately 67%
of the members are from outside U.S., reflecting the
effectiveness of its expansionary initiatives. Notably, at the
end of the fourth quarter (Dec 31, 2013), the company had 277
LinkedIn has witnessed strong membership growth in India and
Brazil. Moreover, the company's recent website launch in
simplified Chinese is expected to connect Chinese professionals,
thereby expanding its user base in the leading Internet
The company derives approximately 62% of the revenues from the
U.S. (fiscal 2013) and the current growth of members outside the
U.S. is a welcome sign for the company's revenue diversification.
Additionally, LinkedIn's domestic subscriber count surpassed 100
Moreover, LinkedIn remains optimistic about its mobile
engagement. In the last reported quarter, the company's mobile
engagement was noteworthy as mobile represented 41% of the
LinkedIn expects mobile to account for 50% of the traffic. The
company has estimated an average of 15 million profile views
coupled with 1.45 million job views and 44K job applications
The company's decision to acquire SlideShare and Pulse has
helped it to grow on the mobile platform. It also launched
several apps that increased user engagement.
LinkedIn is expected to continue its investments in the near
term, which might affect its profitability. We believe the
investments in strategic products are necessary as the company
faces stiff competition in the social networking space from the
) which are looking for a position in the professional space.
LinkedIn however remains a pioneer and leader in the
professional networking space with a wide industry reach which
enables it to explore and tap into every opportunity to connect
Currently, LinkedIn has a Zacks Rank #3 (Hold). Investors may
instead consider a better-ranked stock like
), which sports a Zacks Rank #1 (Strong Buy).
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