Monster Worldwide Inc.
), a well-known online recruitment firm recently penned a
partnership agreement with
) to power the recruitment portal of the latter. Kforce is a
renowned recruitment firm, which offers employment solutions in the
field of technology, finance and health information management.
According to the multi-year contract, Kforce will deploy
Monster's Power Resume Search process, controlled by 6Sense
semantic search technology to enhance Kforce's existing staffing
platform. Monster's Power Resume Search engine clubbed with
Kforce's National Recruiting Center (NRC) process will provide a
prolific database to Kforce to gauge proficient candidates for its
A lot of recruiting agencies are adopting Monster's Power Resume
Search process, powered by 6Sense semantic search technology to
work in a more efficient manner. It enables companies to search for
their required talent pools in one place while quickly identifying
and ranking the best potential candidates by perusing the resumes
with a recruiter- like understanding of skills and
Business has been in doldrums for Monster for quite some time
now and it has reported revenues of $246 million in the first
quarter of 2012, down 1.6% sequentially and down 5.7% year over
year. In the current circumstance, this venture is sure to usher in
an excellent opportunity for Monster.
Competition has intensified over the last few years in the
online employment advertising market, which in our view has
resulted in Monster losing share. The barriers to entry into
Internet businesses are relatively low. Though Monster once had a
dominant position in the industry, there are now several
competitors such as
ChinaCache International Holdings Ltd.
Asure Software, Inc.
E-Commerce China Dangdang Inc.
The current Zacks Consensus Estimates for Monster are 6
cents and 28 cents for the second quarter of 2012 and for fiscal
2012, respectively. As the current macro-economic conditions
continue to be challenging, the company continues to have a Zacks
#3 Rank, which translates into a short-term 'Hold' rating.
Nevertheless, in the long run, we maintain a Neutral recommendation
on the stock.
ASURE SOFTWARE (ASUR): Free Stock Analysis
CHINACACHE INTL (CCIH): Free Stock Analysis
E-COMMRC CH-ADR (DANG): Free Stock Analysis
KFORCE INC (KFRC): Free Stock Analysis Report
MONSTER WWD INC (MWW): Free Stock Analysis
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