Home Top Movers Here is why Yext Inc (YEXT) stock surged in the after-hours on...

Here is why Yext Inc (YEXT) stock surged in the after-hours on Thursday?

Yext Inc (YEXT) stock started the Thursday, May 27, 2021 trading by losing 1.76% and closed at $12.31 per share but later in the after-market session, YEXT stock rose 13.97% and close the day at $14.03 per share. EXT shares have fallen 19.65% over the last 12 months, and they have moved down 2.46% in the past week. Over the past three months, the stock has lost 27.25%, while over the past six months, it has declined 33.78%.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Let’s have a look at YEXT recent announcements.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Financial results announcement

On May 27, 2021, Yext, Inc released its results for the three months ended April 30, 2021, or the Company’s first quarter of fiscal 2022.

Read More

Q1 2022 financial highlights

  • Yext reported revenue of $92.0 million for Q1 2022 compared to $85.4 million reported in the first quarter of fiscal 2021.
  • Gross Profit was $70.1 million in Q1 2022 compared to $64.2 million reported in the first quarter fiscal 2021.
  • The gross margin was76.2% in Q1 2022 compared to 75.2% in Q1 2021.
  • Total operating expenses were $87.3 million in Q1 2022 compared to $93.3 million in Q1 2021.
  • Operating loss was $17.2 million in Q1 2022 compared to operating loss of $29.2 million in Q1 2021.
  • Net loss was $ 17.6 million in Q1 2022 compared to a net loss of $29.2 million in Q1 2021.
  • Net loss per share attributable to common stockholders, basic and diluted was $0.14 in Q1 2022 compared to $0.25 in Q1 2021.
  • As of April 30, 2021, Yext had cash and cash equivalents of $272 million. 

Launch of Support Answers

OnMay 24, 2021, Yext, Inc launched Support Answers, a suite of enterprise search solutions built for customer support teams.

Nowadays people increasingly look online to find solutions independently, but still unable to find a solution for their issues which forced them to turn to live support options, which results in an increase in business cost and it takes more time to solve the problem. The launch of Support answer will help them to get their solutions without any hassle.

Participation in the investor conferences

  • Yext, Inc recently participated in a virtual fireside chat discussion hosted by J.P. Morgan which was held on Monday, May 24, 2021. The company’s founder and CEO Howard Lerman presented the company.

Conclusion

Yext reported an improved revenue for Q1 2022 yesterday, which was the reason behind its surging in the after-market on Thursday. we expect it to continue its positivity on the last day of the week.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Can-Fite BioPharma Inc. (CANF) stock soars during current market. Why so?

Can-Fite BioPharma Inc. (NASDAQ: CANF) stock gained by 4.42% in the current market trading session. Can-Fite BioPharma Ltd. is a medication research company in...

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

Opgen Inc. (OPGN) stock surged during pre-market session. What’s driving it high?

Opgen Inc. (NASDAQ: OPGN) stock declined by 1.84% at the last close whereas the OPGN stock price gains by 22.07% in the pre-market trading...

Vista Gold Corp. (VGZ) stock soars during pre-market trading. Here’s what you should know

Vista Gold Corp. (NASDAQ: VGZ) stock gained by 17.65% in the pre-market trading session. Vista is a project developer with a gold rating. The...

Novan Inc. (NOVN) stock soars during pre-market trading. What’s driving it high?

Novan Inc. (NASDAQ: NOVN) stock gained by 62.39% at last close whereas the NOVN stock price surged by 0.82% in the pre-market trading session....

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

Avenue Therapeutics Inc. (ATXI) stock plunged during pre-market trading. What’s behind this?

Avenue Therapeutics Inc. (NASDAQ: ATXI) stock declined by 28.27% at last close while the ATXI stock price falls during pre-market as well, by 8.94%....

Unique Fabricating Inc. (UFAB) stock gains during pre-market trading. Let’s figure out why?

Unique Fabricating Inc. (NASDAQ: UFAB) stock declined by 1.21% at the last close while the UFAB stock price tends to rise by 40.67% in...

Related News

Document Security System Inc. (DSS) stock plunged during after-hour session. Here’s to know the update

Document Security System Inc. (NASDAQ: DSS) stock declined by 6.76% at last close while the DSS stock price falls by 18.48% in the after-hours...

RAPT Therapeutics Inc. (RAPT) stock soars during current market trading. Stated below is the update

RAPT Therapeutics Inc. (NASDAQ: RAPT) stock gained by 85.46% in the current market trading. RAPT Therapeutics is a clinical-stage immunology-based pharmaceutical business focusing on...

Why Enochian Biosciences, Inc. (ENOB) stock Skyrocketed today?

Shares of the Enochian Biosciences, Inc. (ENOB) stock had skyrocketed today on June 14, 2021, following the announcement of FDA acceptance of Pre-IND request...

Why is Aptose Biosciences Inc. (APTO) stock gaining today?

Shares of the Aptose Biosciences Inc. (APTO) stock were gaining in the pre-market session today on June 14, 2021, despite no recent activity by...

Sorrento Therapeutics Inc. (SRNE) stock gained during after-hours. Here’s what you should know

Sorrento Therapeutics Inc. (NASDAQ: SRNE) stock surged by 1.6% at the last close while the SRNE stock price rises by 5.07% in the after-hours...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam