Why Yext Stock Was Slammed on Friday
Shares of cloud-based software company Yext (NYSE: YEXT), which helps companies improve search data, fell sharply on Friday. At the tech stock's worst point during the trading day, shares were down more than 15%. But as of 12:30 p.m. EDT today, the stock was down 9.7%.
The stock's decline follows Yext's fiscal second-quarter earnings report, which included better-than-expected revenue and adjusted earnings per share. Guidance, however, was underwhelming compared to analyst expectations.
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Source Fool.com
