Yahoo!

Oppenheimer is lowering its '11 & '12 EBITDA estimates on Yahoo! (NASDAQ: YHOO) on weaker margins, as 1Q:11 guidance implies the Search transition is taking a bit longer than expected. “Raising target to $19 from $18 as we roll to '12 valuation framework. 4Q revenues +2% on a pro forma basis, 2...

Deutsche Bank is maintaining its Hold rating on shares of Yahoo! (NASDAQ: YHOO). “While display ads are still holding up well, paid search has started off worse than estimates, with a potential turnaround in 2H,” Deutsche Bank writes. “The stock remains range bound as growth lags the market again...

Jefferies is expecting Yahoo!'s (NASDAQ: YHOO) 4Q results to be in-line with muted expectations. “Out of 4Q, we'll be looking for signs of improvement in core Display even as Yahoo! continues its migration of Search to Microsoft (NASDAQ: MSFT) to make itself leaner and more focused,” Jefferies...

Citigroup reports that it is modeling its Yahoo! (NASDAQ: YHOO) 4Q net revenue, operating income, and pro forma EPS of $1.17B, $235.7M, and $0.25 vs. consensus estimates of $1.19B, $262.8M, and $0.23. “Our estimates are within guidance, with revenue of $1.17B (vs. guidance of $1.125B-$1.225B) and...

Oppenheimer has released its Internet Industry Update today following a decline in paid-clicks. Oppenheimer writes, "here's how the month played out based on our analysis of third-party data: 1) Industry growth decelerated to 2% from 17% in 3Q; 2) Bing (MSFT) had the strongest y/y and m/m results,...

Piper Jaffray has released its internet update following comScore's release of October search market share numbers. Google has gained 20 bps to 66.3% in October from 66.1% in September. Yahoo! has lost 20 bps going down to 16.5% in October from 16.7% in September Piper Jaffray writes, "The bottom...

Yahoo! (NASDAQ: YHOO) reports that applications for jobless benefits dropped by 21,000 to 434,000 in the week that ended October 23. This is the second-lowest number for first-time claims this year. Previously, applications for unemployment aid dropped to 450,000 in January of this year, from 600,...

Hoping to ward off the increasing threat of Google, Inc.'s (NASDAQ: GOOG) free Web-based e-mail offering, Gmail, Yahoo! Inc. (NASDAQ: YHOO) has announced that it will add photo and Twitter features to its own free e-mail service. In addition to the danger that Google poses, Bloomberg reports that...

At this year's 3 Days In The Valley, Fox Business Anchor Liz Claman explained the difference between their annual conference and other business events. “[We] give you an opportunity to really tell your business story -- not hammer you for two and a half minutes with people yelling at you and asking...

While Jefferies & Company does not expect Yahoo! Inc.'s (NASDAQ: YHOO) results to show any material surprises, it believes that investors' focus will likely remain on the strategic direction of the company. “We expect net revenues and EPS to be inline with consensus, with revenues flattish Y/Y...

Benchmark has reported today that its channel checks indicate that 3Q10 display advertising rates have softened slightly for Yahoo! Inc. (NASDAQ: YHOO) from the 10% y/y improvement seen in 1H10. “The month of July was somewhat disappointing but August seems to have come back a bit,” Benchmark...