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Why Yext Stock Was Slammed on Friday

TheMotleyFool

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Why Yext Stock Was Slammed on FridayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Shares of Yext (NYSE: YEXT), a provider of cloud-based software that helps improve search data, took a hit on Friday. The stock was down about 17% as of 1:30 p.m. EST.

The stock's decline follows the tech company's third-quarter earnings report. Though the company beat analyst estimates for Q3, management's guidance for the fourth quarter was more conservative than expected.

Image source: Getty Images.

Source Fool.com

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