Positive Mover of Tech Sector : Yext, Inc. (NYSE: YEXT)

Yext, Inc. (NYSE: YEXT) negotiated 1,107,828 shares against it an average volume of 1,281,312 shares. The stock concluded the recent trade at $22.29 with upbeat trend move of +4.50%. The company has total market value of 2.159B billion. The company has got a 52-week exceptional price of $23.66 and reached a 52-week lowest of the share price at $10.58. The daily trading range was observed between a day’s low price of $21.34 to a day’s high price of $22.60.

Yext, Inc. (NYSE: YEXT) reported its results for the three months ended April 30, 2018, or the Company’s first quarter of fiscal 2019.

First Quarter Fiscal 2019 Highlights:

Revenue of $51.1M, a 38% increase as contrast to the $37.1M stated in first quarter fiscal 2018.  The revenue increase was primarily Because of the continued growth of our consumer base and higher revenue from existing consumers, primarily Because of expanded subscriptions.

Gross Profit of $38.3M, a 40% increase as contrast to the $27.4M stated in first quarter fiscal 2018.  Gross margin of 74.9% as contrast to the 73.9% stated in first quarter fiscal 2018.

Net Loss and Non-GAAP Net Loss:

Net Loss Per Share and Non-GAAP Net Loss Per Share:

Balance Sheet:  Cash, cash equivalents and marketable securities of $124.1M as of April 30, 2018.

Cash Flow:  Net cash provided by operating activities for the first quarter of fiscal 2019 was $1.4M as contrast to net cash used in operating activities of $8.3M in the same period in fiscal 2018.  The improvement in the current period reflects a greater source of cash from working capital, driven primarily by the timing of collections of accounts receivable.

Recent Business Highlights:

Licenses to Yext’s digital knowledge platform as of April 30, 2018 increased 49% as contrast to April 30, 2017, while the attributes managed increased 53% over the same period.

Issued the Spring Product Release, which provides new services and features, including: enhancements to the Yext Knowledge Assistant – the intelligent, conversational user interface allowing users to manage and update public data about their business using Facebook Messenger or SMS text messaging – through the addition of 15 new skills; templated review responses, allowing consumers to create and leverage a library of responses to address consumer feedback rapidly; and new capabilities enabling users to upload their digital knowledge into the Yext Knowledge Manager in bulk.

Released Yext for Insurance, enabling individual agents to manage and organize relevant information sought by consumers, such as the types of insurance provided, languages spoken, contact details and more.

YEXT price volatility for a month noted as 5.06% however its price volatility for a week documented as 4.81%. The corporation holds 98.24 million outstanding shares and its 75.28 million shares were floated in the market. The stock established a negative trend of -1.72% in last week and indicated rise of 21.34% in previous month.

Paul Suggs

Paul Suggs provides the U.S. as well as global markets news for Streetobserver.com. He writes about the global market, politics, technology and healthcare news. He also covers latest activity, events and trends, economic reports and financial indicators relating to global market and US market. Paul now lives in Dallas Texas where he works from home as a freelance writer for many financial websites and publications.

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