Yext Stock Price, News & Analysis

Yext, Inc. (NYSE: YEXT) has expanded its partnership with Borrego Health, one of the largest non-profit Federally Qualified Health Centers in the U.S., to enhance the health system's website using Yext Answers. This collaboration aims to provide patients with essential COVID-19 information, including testing locations and telehealth services. Following the initial implementation of Yext's Listings and Pages products, Borrego Health experienced a 108% rise in listing impressions and a 69% increase in clicks within the first year. This expansion underscores Yext's commitment to improving healthcare access during the pandemic.

Yext, Inc. (NYSE: YEXT) announced the launch of "Hitchhikers," a training program for professionals, aimed at enhancing business growth through custom website solutions. Participants will learn to implement Yext products, including the self-serve Yext Answers, facilitating faster deployment. Inspired by Douglas Adams's The Hitchhiker's Guide to the Galaxy, the program emphasizes community-driven innovation. With interactive modules and challenges, Hitchhikers gain skills to address their organizations' specific needs. Yext's mission is to provide official answers online, improving search experiences globally.

Yext, Inc. (NYSE: YEXT) announced the promotion of Jon Buss to Managing Director of EMEA. Formerly the Managing Director of Northern Europe, Buss has over 25 years of experience and takes over from Wendi Sturgis, who transitions to an advisory role after nearly 10 years. Yext's growth is supported by the recent introduction of Yext Answers in five languages and a partnership with Adobe. The company aims to enhance its presence in the EMEA region, capitalizing on the demand for accurate customer answers.

Yext (NYSE: YEXT) announced that its CFO Steve Cakebread will join a virtual fireside chat hosted by D.A. Davidson on September 9, 2020, at 11:35 a.m. ET. The discussion will be accessible via a webcast on the Yext Investor Relations website. Yext, known for its Search Experience Cloud, helps businesses provide accurate information in response to consumer inquiries across various platforms. This event showcases Yext's ongoing commitment to enhancing the search experience and its standing in the industry.

Yext, Inc. (NYSE: YEXT) reported strong second-quarter results for fiscal 2021, achieving revenue of $88.1 million, a 22% increase from the previous year, and a gross profit of $66.1 million, up 24%. The company recorded a net loss of $25.1 million, improving from a net loss of $29.3 million in Q2 fiscal 2020. Cash and equivalents reached $223 million. Yext has expanded its services into four new languages and increased its customer count by 27%. The third-quarter revenue outlook is projected between $86 million and $88 million.

Yext, Inc. (NYSE: YEXT) has unveiled a significant upgrade to its Yext Answers product, called "Milky Way," utilizing Google's BERT technology for enhanced natural language processing. This update improves Named Entity Recognition and location detection, allowing the system to deliver more precise answers, especially related to ambiguous search terms. An enriched healthcare taxonomy now includes 3,000+ medical synonyms and terms. These advancements aim to enhance user search experience, enabling businesses to respond accurately to customer inquiries and improve overall search functionality.

Yext, Inc. (NYSE: YEXT) has announced that it will release its second quarter fiscal year 2021 results on September 3, 2020, after market close. A conference call will follow at 4:30 p.m. (ET) to discuss the financial results with investors. A live webcast of the event will be available on the company's Investor Relations website. Yext focuses on organizing business information to provide accurate answers to consumer inquiries across various platforms, thereby enhancing the search experience.