Yext

Yext, Inc. is an emerging growth company engaged in software development. It offers a cloud-based digital knowledge platform, which allows businesses to manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri, and Yelp. It offers the Yext Knowledge Engine package on a subscription basis, which has an access to Listings, Pages, Reviews and other features. The Listing feature provides customers with control over their digital presence, including their location and other related attributes published on the used third-party applications. The Pages feature allows customers to establish landing pages on their own websites and to manage digital content on those sites, including calls to action. The Reviews presence enables customers to encourage and facilitate reviews from end consumers. The company was founded by Howard Lerman, Brent Metz, and Brian Distelburger in 2006 and is headquartered in New York, NY.

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Yext reports record Q1 performance and focuses on AI-driven growth

Yext's Q1 performance exceeded expectations, demonstrating strong revenue, margin, and adjusted EBITDA. The company's focus on AI-enabled features and products is driving considerable interest from new and existing customers. While facing challenges in the evolving technology space, Yext has opportunities to improve digital experiences and consolidate functions to offer multiple services.

Yext reports strong Q2 performance amidst ongoing macro uncertainty

Yext reported strong Q2 performance, highlighted by significant upsells and new logo wins. The company is navigating ongoing macro uncertainty and budget pressure in the market while focusing on retaining returning customers and exploring opportunities for consolidation and efficient customer service.

Yext reports record Q3 profitability amidst selling environment challenges

Yext reported its most profitable quarter ever on a non-GAAP EPS basis, despite challenges in the selling environment impacting revenue and ARR growth rates. The company demonstrated improved sales productivity, operating efficiency, and strong customer retention trends. However, it faces challenges related to softness in bookings, unreliable projected close rates, and the impact of a challenging macroeconomic environment on guidance for Q4 and fiscal year '24.

Yext surpasses Q4 revenue targets, eyes AI-driven growth opportunities

Yext's Q4 2023 performance exceeded expectations, driven by operational improvements and strategic decisions.
Despite anticipated revenue headwinds, Yext's focus on AI, new products, and customer satisfaction positions it for sustainable growth.
Challenges in revenue impact and maintaining profitability require strategic planning and efficient execution.
Opportunities lie in leveraging generative AI, expanding high-value services, and capitalizing on new product developments for growth.

Yext exceeds Q1 expectations, navigates challenges, and leads in AI

Yext's Q1 performance showcased strong financial results, customer-centric innovation, and strategic shifts to enhance margins.
While facing challenges in retention and macroeconomic conditions, Yext's focus on generative AI and customer needs positions it well for future growth.
Opportunities lie in leveraging its early mover advantage in AI, sustaining innovation, and capitalizing on the market trend towards generative AI.

Yext reports Q2 growth amidst sales cycle challenges and marketing success

Yext's Q2 performance reflects steady revenue growth and improvements in sales productivity and execution.
While facing challenges in enterprise sales cycles and competition, Yext's marketing success and customer relationships are notable strengths.
Opportunities lie in leveraging rising interest in digital solutions and addressing sales cycle elongations through strategic optimizations.

Yext reports record Q3 revenue, focuses on customer satisfaction and AI-driven growth

Yext's Q3 2024 earnings call showcased record revenue and profitability, despite challenges in bookings and renewals. The company emphasized customer satisfaction, product enhancements, and growth opportunities through AI and language models. While facing pressures in the selling environment, Yext remains focused on driving improvements and seizing opportunities for future growth.

Yext reports robust FY 2024 performance and outlines growth plans

Yext's FY 2024 performance showcased strong sales productivity and customer satisfaction, setting the stage for innovation and growth in FY 2025. The company faces challenges in managing expenses while seizing opportunities in customer-centric growth strategies.

Yext acquires Hearsay Systems, anticipates mid-single-digit ARR growth

Yext's Q1 2025 earnings call highlighted the acquisition of Hearsay Systems, mid-single-digit ARR growth expectations, and strategic focus on customer connections.
Despite challenges in ARR and workforce reductions, Yext remains optimistic about synergies with Hearsay and incremental AI value creation.
Analysts' inquiries into the Hearsay acquisition, revenue guidance, and workforce impact underscore the importance of Yext's integration and growth strategies.

Yext reports robust Q2 performance and strategic growth initiatives

Yext's Q2 2025 earnings call highlighted strong performance, strategic acquisitions, and a customer-centric approach to drive growth.
The company aims to leverage synergies from the Hearsay acquisition, Gen AI impact, and flexible customer terms for future success.
While challenges exist in integration and operational transitions, Yext's focus on efficiency and customer trends positions it well for continued growth.

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NEW YORK, Aug. 2, 2021 /PRNewswire/ -- Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced Laurie "LC" Cook as its first-ever Vice President of Public Sector, effective August 2, 2021. In this role, the industry veteran with over twenty years of experience will be responsible for leading and building out an arm of Yext's sales organization to serve United States federal, state, and local government agencies.

Yext Establishes First Public Sector Team with Laurie "LC" Cook as VP, Public Sector

NEW YORK, July 28, 2021 /PRNewswire/ -- Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced the availability of its Summer '21 Release for early access. Underpinned by the new "Phoenix" search algorithm update, the release introduces features like dynamic reranking for search results, revamped test search and experience training, and a reimagining of Yext's data connector and app frameworks — all to equip business customers with modern and powerful search solutions.

Yext Enhances its AI Search Platform with Phoenix Algorithm Update, Test Search Tools, Data Connectors, and New Apps Framework

NEW YORK, July 8, 2021 /PRNewswire/ --  Yext, Inc. (NYSE: YEXT), the AI Search Company, and Fazoli's, a leading Italian restaurant chain, today announced their joint work to advance Fazoli's digital transformation with AI search. The restaurant chain has worked with Yext for several years to leverage its Marketing Answers solution set, which includes local listings optimization and reputation management.

Fazoli's Grows Online Sales by 3.6x with Yext-powered Digital Transformation

NEW YORK, July 1, 2021 /PRNewswire/ -- Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced its first-place ranking and "leader" designation across several categories in the Summer 2021 G2 Grid® from G2.com, Inc., a leading software review platform. In the Enterprise Search Software category, Yext ranked first in both the Enterprise and Mid-Market Grid® Reports and earned additional badges based on users' experience with the Yext platform: "Best Relationship" on the Mid-Market Relationship index "Best Support" on the Mid-Market Support index "Best Meets Requirements" on the Mid-Market Usability index "Easiest To Use" on the Mid-Market Usability index The company also received the leader distinction for the Local Listing Management, Local Marketing, Local SEO, Online Reputation Management, and Web Content Management categories.

Yext Ranks #1 Across Enterprise Search Software Categories in G2 Summer 2021 Report

NEW YORK, June 30, 2021 /PRNewswire/ -- Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced that it has appointed Shane Battier, Vice President of Basketball Development and Analytics of the Miami Heat for over five years, to its Board of Directors, effective June 30, 2021. "We're thrilled to welcome Shane to Yext's Board of Directors," said Michael Walrath, Chairman of Yext.

Yext Appoints NBA Standout Shane Battier to its Board of Directors

NEW YORK, June 30, 2021 /PRNewswire/ -- Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced the launch of the Yext Data Hub , an interactive data repository that allows users to explore Yext's wealth of search data and gain insights about online consumer behavior around the world. The data hub, which features eight different views for metrics like clicks for directions, clicks to call, impressions, and click-through rates, includes high-level summaries as well as detailed year-over-year* analyses.

Yext Launches Interactive Data Hub to Reveal Consumer Search Behavior Insights

NEW YORK, June 24, 2021 /PRNewswire/ --  Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced it has helped successfully transform the website of First Financial Bank (Nasdaq: FFBC), a Cincinnati, OH-based bank providing a full range of financial services solutions. First Financial's switch from the outdated keyword search on its legacy website to Yext's advanced natural language processing (NLP)-powered search allowed the bank to improve upon its site search experience for clients.

First Financial Sees 225% Increase in Site Search Usage with Yext Answers

Yext (YEXT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Yext (YEXT) Moves to Buy: Rationale Behind the Upgrade

Zendesk

NEW YORK, June 15, 2021 /PRNewswire/ -- Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced new integrations with Zendesk, Inc. (NYSE: ZEN), as part of its continued focus on empowering customer support teams. Yext Support Answers , released in May, is a suite of enterprise search solutions built on Yext's AI-powered platform for customer support use cases.

Yext Adds New Zendesk Integrations to Bolster Customer Support Offerings

NEW YORK, June 3, 2021 /PRNewswire/ -- Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced Joe Jorczak as its first-ever Head of Industry for Service and Support, effective June 1, 2021. In this new role, Jorczak will draw on his 20+ years of customer-centric experience at companies like Zendesk, Oracle, and Medallia to define and execute the strategic direction for Yext's service and support offerings, including the recently launched Support Answers.

Zendesk's Joe Jorczak joins Yext as Head of Industry for Service and Support

NEW YORK, June 2, 2021 /PRNewswire/ --  Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced that Howard Lerman, its Founder and CEO, will participate in a virtual fireside chat discussion hosted by Bank of America on Wednesday, June 9, 2021, at 1:00 p.m. ET / 10:00 a.m.

Yext CEO to Participate in the BofA Securities 2021 Global Technology Conference

Yext (YEXT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Yext (YEXT) Moves 17.6% Higher: Will This Strength Last?

The tech company's quarterly results beat expectations -- and management's outlook looks good, too.

Why Yext Stock Soared on Friday

Yext, Inc. (YEXT) CEO Howard Lerman on Q1 2022 Results - Earnings Call Transcript

Shares of Yext (NYSE:YEXT) rose in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 80.00% over the past year to ($0.02), which beat the estimate of ($0.06).

Yext: Q1 Earnings Insights

Yext Inc. shares rallied in the extended session Thursday after the cloud-based software developer's results and revenue forecast topped Wall Street expectations.

Earnings Results: Yext stock rallies as results, sales outlook top Street view

NEW YORK, May 27, 2021 /PRNewswire/ -- Yext, Inc. (NYSE: YEXT), today announced its results for the three months ended April 30, 2021, or the Company's first quarter of fiscal 2022. "We are kicking off this year with a very strong first quarter," said Howard Lerman, Founder and CEO of Yext.

Yext, Inc. Announces First Quarter Fiscal 2022 Results

Yext (NYSE:YEXT) announces its next round of earnings this Thursday, May 27. Here is Benzinga's look at Yext's Q1 earnings report.

Yext's Earnings: A Preview

NEW YORK, May 24, 2021 /PRNewswire/ --  Yext, Inc. (NYSE: YEXT), the AI Search Company, today launched Support Answers, a suite of enterprise search solutions built for customer support teams. The launch comes as people increasingly look online to find solutions independently, yet are unable to successfully resolve their issues.

Yext Launches Support Answers to Streamline Resolution Process for Customers and Agents

Management guided to ~6% revenue growth for fiscal year 2021, disappointing investors and sending the stock price tumbling. Current operating metrics give us reason to believe Yext is still on an upward trajectory and management is likely being overly conservative.

Yext: When Will The Bleeding Stop?

NEW YORK, May 17, 2021 /PRNewswire/ --  Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced that Howard Lerman, the company's Founder and CEO, will participate in a virtual fireside chat discussion hosted by J.P. Morgan on Monday, May 24, 2021, at 3:30 p.m.

Yext CEO to Participate in the 49th Annual J.P. Morgan Global Technology, Media and Communications Conference

Yext is a company that has quietly but successfully navigated a very challenging pandemic. Due to the company's concentration to retail and restaurant clients, Yext's business has been put under extreme pressure last year.

Yext: Don't Count This Unique Software Company Out Just Yet

NEW YORK, May 13, 2021 /PRNewswire/ --  Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced that its first quarter fiscal year 2022 results will be released on Thursday, May 27, 2021, after the close of the market. The company will host a conference call at 4:30 p.m.

Yext, Inc. to Report First Quarter FY 2022 Financial Results on May 27, 2021

NEW YORK, May 10, 2021 /PRNewswire/ -- Yext, Inc. (NYSE: YEXT), the Answers Search Company, today announced a 1990s-themed integrated marketing campaign to playfully educate businesses on the real problem of using outdated search technology. The company, which provides modern, AI-powered search solutions for businesses, is launching a variety of creative assets to communicate that keyword search technology, which typically delivers lists of irrelevant hyperlinks to customer questions, is the last holdout of 1990s technology that most companies have yet to update.

Yext Highlights Search Technology Gap in '90s-Themed Integrated Marketing Campaign

NEW YORK, May 7, 2021 /PRNewswire/ --  Yext, Inc. (NYSE: YEXT), the Answers Search Company, today announced that Steve Cakebread, the company's Chief Financial Officer, will participate in a virtual fireside chat discussion hosted by Needham & Company, LLC on Monday, May 17, 2021, at 2:15 p.m. ET / 11:15 a.m.

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