The last time LNKD was seen at this price was at the end of 2012, or very beginning of 2013.
The current price reflects what I believe many investors considered to be 'bad news' that was released with their most previous earnings report. (4th Q 2015) The company mentioned that they'd be focusing less on making money and more so on other topics throughout 2016.
The upcoming earnings report for Q1 2016 could be another turning point, for the better if their earnings manage to come back positive, it may reflect that the company is managing to make the changes they'd like, while still increasing revenue.
Or, for the worse, if the company release earnings lower than projected, investors could take this as a heavy hint that the company will continue throughout 2016 to not focus on revenue and instead, different forms of expansion.
I'll be waiting a few days after the report release (4/28/16) to get hopefully a good indication of where the price will be headed for the next ~3 months.
The current price reflects what I believe many investors considered to be 'bad news' that was released with their most previous earnings report. (4th Q 2015) The company mentioned that they'd be focusing less on making money and more so on other topics throughout 2016.
The upcoming earnings report for Q1 2016 could be another turning point, for the better if their earnings manage to come back positive, it may reflect that the company is managing to make the changes they'd like, while still increasing revenue.
Or, for the worse, if the company release earnings lower than projected, investors could take this as a heavy hint that the company will continue throughout 2016 to not focus on revenue and instead, different forms of expansion.
I'll be waiting a few days after the report release (4/28/16) to get hopefully a good indication of where the price will be headed for the next ~3 months.