) has launched a job search app for
) iPhone to cater to the growing number of its members who search
for jobs via mobile devices. Notably, 41% of LinkedIn's traffic
comes from mobile which it expects to hit 50% in the near term.
Although currently available for iPhone users in the U.S., the
Android version is expected to be released later this year, per
The standalone job search app helps users to search and apply
for new jobs. The app allows users to improve their search for jobs
by applying filters such as title, location, and more. Moreover,
LinkedIn suggests relevant jobs to users based on their search
The uniqueness of the app lies in the fact that the job searches
and applications made by an individual are not disclosed or shared
via the LinkedIn network. LinkedIn's initiatives to increase user
engagement by adding new features are commendable and are expected
to bode well for its Talent Solutions segment.
It is worth noting that LinkedIn derives 58% of its total
revenue from Talent Solutions. The revenue contribution from this
segment jumped 49.7% year over year in the last-reported quarter
Nonetheless, continued investments to provide new and improved
products and services might affect LinkedIn's profitability. Though
impacting the company's operational performance in the short run,
these investments drive member growth and user engagement over the
long term. We remain encouraged by the 45-50% top-line growth
recorded in the past few quarters.
LinkedIn thus, remains a pioneer and a leading professional
networking company with a wide industry reach that enables it to
explore and tap into every opportunity to connect the global
Currently, LinkedIn has a Zacks Rank #3 (Hold). Some
better-ranked technology stocks include
). While Micron sports a Zacks Rank #1 (Strong Buy), Juniper has a
Zacks Rank #2 (Buy).
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