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) 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.
On August 11, 2020, Yext (NYSE: YEXT) announced a partnership with Cox Communications to enhance customer support through its Yext Answers product, which employs advanced natural language processing (NLP) technology. This integration allows Cox to provide direct answers to customer queries on their website, improving user experience and increasing conversion rates by 51%. During the COVID-19 pandemic, Yext Answers has been pivotal in addressing frequent inquiries on connection speeds and billing. Additionally, Cox utilizes other Yext products like Yext Listings and Yext Pages for managing operational information.
Yext (NYSE: YEXT) announced the expansion of Yext Answers, its site search product, into four new languages: French, German, Italian, and Spanish. This enhancement allows businesses to provide official answers in these languages, leveraging advanced Natural Language Processing technology. The expansion comes amid a surge in website visits due to the COVID-19 pandemic, with some sectors seeing increases of up to 376%. Yext's initiative aims to improve customer experience and drive higher conversion rates, as evidenced by early adopters reporting up to 42% reductions in support tickets.
Yext (NYSE: YEXT) has launched its Summer '20 Release, aimed at enhancing its Search Experience Cloud platform. Key features include Query Rules for customizable search results, Jobs Enhancements to streamline hiring processes, and Deleted Review Recognition for better management of customer feedback. These updates are designed to help businesses provide accurate information and attract talent during the ongoing COVID-19 pandemic. CEO Marc Ferrentino emphasized the growing demand for reliable information in today's fast-paced environment.
Yext, Inc. (NYSE: YEXT) announces its Summer '20 Product Release, now available for early access. This release includes enhanced features for businesses to customize search results, vital for adapting to a rapidly changing environment.
Key features include Query Rules for tailored search results, Jobs Enhancements to streamline the hiring process, and Deleted Review Recognition for improved review management. These updates empower businesses to deliver accurate information effectively, meeting increased customer inquiries during unprecedented times.
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