Welcome to our dedicated page for Yext news (Ticker: YEXT), a resource for investors and traders seeking the latest updates and insights on Yext stock.
Yext, Inc. (NYSE: YEXT) is a software publisher in the information sector that describes itself as a brand visibility platform and digital presence platform for multi-location brands. The YEXT news page on Stock Titan aggregates company-issued updates and regulatory disclosures so readers can follow how Yext’s strategy, financial performance, and product focus evolve over time.
Recent Yext news has included quarterly earnings releases detailing revenue, annual recurring revenue (ARR), non-GAAP profitability, and Adjusted EBITDA, along with commentary on operating expenses, retention metrics, and remaining performance obligations. These announcements are often furnished to the SEC on Form 8-K and provide insight into how the company evaluates its recurring revenue model and non-GAAP financial measures.
Yext also issues news about capital structure and strategic activity, such as securing a senior secured term loan facility with funds and accounts managed by BlackRock to support growth initiatives and strategic acquisitions. Another notable update was a non-binding proposal from the company’s Chief Executive Officer and Chairman to acquire all outstanding shares not already owned by him, which is being reviewed by a Special Committee of independent directors.
In addition, Yext publishes research-driven announcements that explore AI search behavior, AI citations, and consumer trust in AI tools, under the Yext Research initiative. These releases highlight how the company uses large-scale data to analyze digital visibility across AI search, traditional search, social media, and review platforms.
Investors, analysts, and marketers can use the YEXT news feed as a single place to review earnings updates, financing developments, strategic proposals, and research reports directly sourced from the company’s public communications.
Yext, Inc. (NYSE: YEXT) reported a 13% revenue increase to $92.2 million for Q4 FY2021, with a total annual revenue of $354.7 million, up 19% year-over-year. Gross profit rose 17% to $70.6 million, translating to a gross margin of 76.6%. The net loss decreased to $18.3 million from $30.6 million in Q4 FY2020. Yext expects Q1 FY2022 revenue between $87 million to $89 million and full-year revenue between $375 million to $380 million. The company's cash position remains strong at $230 million.
Yext (NYSE: YEXT) announced that its Founder and CEO, Howard Lerman, will participate in a virtual fireside chat at the Morgan Stanley Technology, Media, and Telecom Conference on March 4, 2021, at 10:15 a.m. ET. A live webcast of the event will be available on Yext's Investor Relations website. For those unable to attend live, a replay will be accessible shortly after the event. Yext is dedicated to enhancing the search experience for businesses globally, ensuring accurate answers are provided across various platforms.
Yext, Inc. (NYSE: YEXT) will release its fourth-quarter and full fiscal year 2021 results on March 3, 2021, post-market close. A conference call is scheduled for 4:30 p.m. ET to discuss the financial outcomes. Investors can access a live webcast through the Yext Investor Relations website. Additionally, Yext will host a Virtual Investor Day on March 17, 2021, at 2:30 p.m. ET, with registration details available online.
Yext, Inc. (NYSE: YEXT) announced the launch of its advanced natural language processing algorithm, extractive question answering (QA), set to debut on March 17 as part of the Orion update. This algorithm enhances Yext's site search by providing direct answers from unstructured documents, improving customer interactions. Unlike traditional keyword searches, extractive QA offers a richer search experience by delivering precise snippets of information. Chief Strategy Officer Marc Ferrentino emphasized its role in modernizing search and helping organizations with digital transformation.
Yext, Inc. (NYSE: YEXT) announced the promotion of David Rudnitsky to President and Chief Revenue Officer on Feb. 8, 2021. Rudnitsky, who joined Yext in 2017, previously led the enterprise sales organization in North America. With over 35 years of technology and cloud sales experience, he has a proven record, having contributed significantly to Salesforce's growth from $51 million to almost $6 billion in revenue. CEO Howard Lerman expressed confidence in Rudnitsky's ability to drive Yext's growth during the next phase of operational development.
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Yext, Inc. (NYSE: YEXT) has partnered with Carahsoft Technology Corp. to enhance search capabilities for government agencies in response to the COVID-19 pandemic. Carahsoft will distribute Yext's Answers product, aiding agencies in efficiently providing information for vaccine distribution. Yext previously developed custom information hubs during the pandemic, including a widely used hub for New Jersey. This collaboration allows government agencies to access advanced search tools through established contracts, improving information accuracy for constituents.
Yext, Inc. (NYSE: YEXT) announced the implementation of Yext Answers on Advantage Dental Oral Health Center's website, transforming its site search capabilities. Before this collaboration, patients relied on phone calls for information. With Yext Answers, the organization reported a 27.5% site search click-through rate within six weeks and a 7.1x increase in search volume after enhancing the search bar visibility. This advancement allows Advantage Dental to better understand patient inquiries and manage information efficiently, especially important during unexpected crises.
Yext, Inc. (NYSE: YEXT) has launched Yext Answers for select partners in its Channel Partner Program, enabling them to offer advanced search capabilities to small businesses. This innovative product utilizes natural language processing to enhance customer interactions on websites. Clients can integrate custom calls to action, aiming to boost conversions and reduce support costs. The initiative comes as local businesses face increased customer inquiries during the COVID-19 pandemic. Notable partners like GoSite and FCR Media are among the first to adopt this solution.
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