What Investors Are Saying About LinkedIn
Since yesterday's after-hours trading period, shares of the overlooked social media company LinkedIn (LNKD) has been in a downward spiral, plummeting over 40% as of this afternoon. The primary cause to LinkedIn ending the week terribly is the company's reported guidance for 2016 in their earnings report yesterday .
Despite beating solid estimates, LinkedIn reported its 2016 first quarter expectations for revenues, which does not look promising. The company reported revenues around $820 million, much lower than the Zacks Consensus Estimate of $868 million, and its full-year revenues in the range of $3.60 billion to $3.65 billion, which is lower than the Zacks Consensus Estimate of $3.920 billion.
These figures and the 40% drop in LinkedIn stock's value, of course, has not been going over quite well with investors.
User Omar0711 summed up the LinkedIn stock drop quite well in three words:
$LNKD What a trip.................- Ahmed Hussein (@Omar0711) Feb. 5 at 01:17 PM
User danieltrader is not happy whatsoever:
$LNKD if this company said we're broke and not making money, this price action would be expected but this's just ridiculous- Daniel (@danieltrader) Feb. 5 at 01:16 PM
User Fmitty is speechless, despite writing his post:
$LNKD NO words! unreal- Frank Smith (@Fmitty) Feb. 5 at 01:15 PM
User gstreet sees LNKD stock to continue dropping:
$LNKD this is not gonna stop until it gets to 80s level.- Grant Marcus (@gstreet) Feb. 5 at 01:14 PM
User ninanina65 see LNKD stock to rebound sooner than later:
Once forced selling ends and margin calls end and panic ends, $LNKD could gap up next week and rally all 5 days I think- Sam (@ninanina65) Feb. 5 at 02:19 PM
And user ridethewave1966 provided a humours meme to ighten the mood:
$LNKD Bulls need some encouragement? Motivational speaker Matt Foley is on LinkedIn- Michael Ticktin (@ridethewave1966) Feb. 5 at 02:17 PM
If you are an investor who likes to buy shares low, sometime next week may be a good time to consider making an investment in LinkedIn. Give this some time to determine if LinkedIn stock is either going to hover around $100 per share or rise back up to over $200 per share. If the social media company does, however, not meet their lower projected figures for their 2016 fiscal year, expect stock prices to continue falling.