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Yelp (YELP) Shares Surge 27% on Strong Q1 Results

Yelp (YELP) Shares Surge 27% on Strong Q1 Results

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Mobile continues to be a major growth driver for the company. Yelp shares today hit a new all-time high.
Mobile continues to be a major growth driver for the company. Yelp shares today hit a new all-time high.

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Published by: TechStockProspector.com on May 02, 2013
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08/21/2014

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Robert DeFrancesco’s

TechStockProspector.com
May 2, 2013

Yelp (YELP) Shares Surge 27% on Strong Q1 Results
NOW AVAILABLE: The April 2013 issue of Tech-Stock Prospector for your Amazon Kindle or Kindle for iPad/iPhone reading app. Here are some of the topics covered in the April 2013 issue of TSP: *Oracle in recovery after a tough quarter *Yelp disrupts local search *TripAdvisor expands its global presence *Deal delays trip up F5 Networks *Is Citrix Systems getting more competitive? *How Aruba Networks steers wireless traffic *Tableau Software is ready for the IPO spotlight *Big Data: EMC and VMware launch Pivotal *An activist investor tries to shake things up at Harmonic *Why Palo Alto Networks is the rising star in security *Juniper Networks attempts to rebound after a tough year *Marin Software optimizes digital advertising from the cloud *Electronic Arts seeks a new CEO to help reignite growth *Fortinet battles for market share in networking security *Deal Report: Model N finds growth in a software niche

Order the April 2013 issue of TSP here: http://www.amzn.com/B004T6Z0ME
-----------------------------------------------------------------------------------------------------------Shares of Yelp (YELP, $32.23) today jumped 27% on heavy volume after the company reported impressive Q1 results (revenue +68% and average monthly unique visitors +43%) and raised 2013 revenue guidance. The stock reached a new all-time high at $32.38. Mobile continues to be a key growth driver, with 45% of all Q1 searches taking place on the Yelp mobile app; including searches on the mobile Web takes this figure up to 56%. The Yelp app is now installed on more than 10 million mobile devices, up from 9.2 million in Q4. Roughly 36% of all local business ads in Q1 were shown on mobile devices, up from 25% in Q4.

Cumulate reviews on Yelp rose 42% from a year ago to more than 39 million. The more reviews the better: Increased relevant content on a greater number of local businesses drives search traffic to Yelp. There are now 1.1 million local businesses with Yelp pages (+58% year over year) and roughly 45,000 active local business accounts (+63% y/y). For 2013, Yelp now sees revenue coming in at $216 million to $218 million, up from previous guidance of $210 million to $212 million. The new guidance midpoint represents 58% growth. Yelp was featured in the cover story of the April 2013 issue of Tech-Stock Prospector. You can still order the April issue for your Amazon Kindle or Kindle for iPad/iPhone reading app. *********************************************************************************** Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for iPad/iPhone reading app.

Here’s the Kindle link: http://www.amzn.com/B004T6Z0ME
-----------------------------------------------------------------------------------------------------Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20 years of experience covering the tech sector. He is a former senior writer with Louis Rukeyser’s Wall Street. TechStockProspector.com, launched in 2003, is an investment-research service focused primarily on the networking, storage, security, wireless and software sectors. Annual subscription: $350. For more information or to place an order, call 800-392-0998.

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