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Gene Munster Joins An Ex-LinkedIn VP To Discuss The Company's Q1 Print


Piper Jaffray's Gene Munster joined Steve Cadigan, LinkedIn Corp (NYSE: LNKD)'s ex-VP of Talent to discuss the company's first quarter results during Bloomberg's "Bloomberg West" segment.

Related Link: LinkedIn Spikes On Strong Q1 Results; Here Are Its Fastest Growing Segments

According to Cadigan, LinkedIn's business model has improved and it evident following the earnings print. First, the company is now "adjusting to its own growth" and the company is also being "cautiously optimistic" in wanting to make sure they are property integrating its recently acquired property into its business model.

"I think they have caught their stride now," Cadigan added. "I think they have found their way and I think they are a little more confident in understanding their business. The new user growth and the amount of engagement of existing users and new users is higher than it has ever been."

Munster jumped in and added that LinkedIn saw great performance in its Talent Solutions business which accounted for 65 percent of the company's total revenue and grew at 27 percent (ex-Lynda).

He continued that the biggest takeaway for investors is that registered users grew by 22 percent which may dispel the "bear case" against LinkedIn. Accordingly, the company's print represents a "big deal" and a "good step" in proving there is further upside in the stock.

Latest Ratings for LNKD

Jul 2016CitigroupMaintainsNeutral
Jun 2016RBC CapitalDowngradesOutperformSector Perform
Jun 2016UBSDowngradesBuyNeutral

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Posted-In: Bloomberg Bloomberg West Gene Munster LinkedIn Talent SolutionsAnalyst Color Analyst Ratings Tech Media

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