Liz Gannes

Recent Posts by Liz Gannes

LinkedIn Trading Near All-Time High After Earnings Beat

After an impressive quarter in which it beat expectations and doubled revenue from last year, LinkedIn is today trading near its all-time high.

The stock price for the business networking site has been as high as $120.63 today, up from a close of $109.41 on Thursday before earnings were reported.

The Mountain View, Calif.-based company’s all-time high is $122.70, reached on the first day it was publicly traded last May.

In the meantime, LinkedIn had bottomed out at $55.98 last November.

It’s currently trading at $119.10, up 8.86 percent.

Yesterday LinkedIn said it had $5 million in net income during the first quarter, for earnings of $0.05 per share, where analysts had expected it to break even. The company brought in $188.5 million in revenue, up from $93.9 million in the first quarter of 2011.

LinkedIn also announced the acquisition of SlideShare for $118.8 million, a good fit for its expanding professional tool set.

Chart via Google Finance.

Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik