YHOO Stock Forecast – Quick Win: 22.00% in 1 Month

YHOO Stock Forecast

On October 2nd of 2015, The I Know First algorithm gave signal of 9.55 for the ticker YHOO, which had a predictability indicator of 0.17 In accordance with the algorithm’s prediction, YHOO spiked 22% in 1 month from October 2nd to November 2nd.

Moreover, I Know First also published a bullish article  about YHOO  on October 12 2015.

YHOO Stock ForecastYahoo! Inc. is a technology company. The Company  provides Internet search, communication and digital content. The Company manages its business geographically: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific. The Company’s products include Search, Communications, Digital content, Flickr, and Tumblr. Yahoo Search is a search engine that serves as a starting point to navigate the Internet and discover information.

One of the developments the company had during the period was eliminating email passwords. The Internet company launched Yahoo Account Key on Thursday, an app that sends users a smartphone push notification that can be used for each log in. Like the text messaging feature, a non-Yahoo email address can serve as a backup when a phone is not around.

If users opt to use the account key, they will no longer need to fill in a password field when they attempt to log into their email. Instead, they will input an email address and, recognizing who the email address belongs to, the Yahoo Account Key will send a push notification to the account owner’s smartphone seeking authorization.

During the month of October Yahoo released their third quarter earnings. Their earnings had a huge fall of 73%. The company said its bottom line totaled $145.74 million, or $0.15 per share. This was down from $543.41 million, or $0.52 per share, in last year’s third quarter.The company said revenue for the quarter rose 7.0% to $1.23 billion. This was up from $1.15 billion last year.

Analysts had expected the company to earn $0.17 per share, according figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

Business Disclosure: I Know First Research is the analytic branch of I Know First, a financial startup company that specializes in quantitatively predicting the stock market. We did not receive compensation for this article, and we have no business relationship with any company whose stock is mentioned in this article. Read More From I Know First Research :

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