Shares of LinkedIn Corp (NYSE:LNKD) ended Tuesday session in red amid volatile trading. The shares closed down -0.13 points or -0.07% at $192.66 with 657,393.00 shares getting traded. Post opening the session at $192.75, the shares hit an intraday low of $192.61 and an intraday high of $192.79 and the price vacillated in this range throughout the day. The company has a market cap of $25.97 billion and the numbers of outstanding shares have been calculated to be 119.16 million shares.
LinkedIn Corp (LNKD) on Aug. 04, 2016 reported results for the second quarter of 2016.
In the quarter, our core member operating metrics reflected continued strength. Cumulative members grew 18% year-over-year to 450 million, unique visiting members grew 9% to an average of 106 million members a month, and member page views grew 32%. This yielded 21% year-over-year growth in page views per unique visiting member, continuing a pattern of strong engagement growth over the past several quarters.
Total revenue increased 31% year-over-year to $933 million.
Talent Solutions revenue increased 35% year-over-year to $597 million.
- Hiring contributed $535 million in revenue, up 26% year-over-year.
- Learning & Development contributed $62 million in revenue.
Marketing Solutions revenue increased 29% year-over-year to $181 million.
- Sponsored Content surpassed 60% of total Marketing Solutions revenue and was the primary driver of growth, driven largely by increase in customer demand.
Premium Subscriptions revenue increased 21% year-over-year to $155 million.
- Sales Navigator remained the faster growing component of Premium Subscriptions, with growth in the field channel continuing to outpace growth in individual online subscriptions.
Shares of Cypress Semiconductor Corporation (NASDAQ:CY) ended Tuesday session in red amid volatile trading. The shares closed down -0.23 points or -1.94% at $11.60 with 5.50 million shares getting traded. Post opening the session at $11.74, the shares hit an intraday low of $11.51 and an intraday high of $11.94 and the price vacillated in this range throughout the day. The company has a market cap of $3.79 billion and the numbers of outstanding shares have been calculated to be 321.18 million shares.
Cypress Semiconductor Corporation (CY) on Sept. 13, 2016 announced it is sampling new devices in its single-power-supply Traveo™ automotive microcontroller (MCU) family that provides secure, high-speed networking for body electronics applications. The new S6J342xxx series supports the Controller Area Network Flexible Data-rate (CAN FD) standard for high-speed, in-vehicle networking, enabling large amounts of data to be exchanged between each CAN node. The MCUs address the critical need to secure data on in-vehicle networks with enhanced Secure Hardware Extension (eSHE) support, preventing unauthorized connections to electronic control units (ECUs). The new Traveo series continues Cypress’s expansion of its broad automotive portfolio that includes MCUs, wireless radios, memories, capacitive-touch solutions and Power Management ICs (PMICs).
The Traveo S6J342xxx series leverage Cypress’s 40nm embedded charge-trap (eCT™) Flash technology for higher performance and reliability. The series delivers rich features and more cost-efficient implementations for body control modules, heating ventilation and air conditioning (HVAC) systems, collision warning systems, gateways and lighting applications. The MCUs are based on an ARM® Cortex®-R5 core with robust, 132-MHz performance and feature up to 1MB of high-density embedded flash for application storage. A unique partial wake-up mode allows the MCUs to minimize average power consumption. Cypress offers a broad range of variations in the series that enables OEM customers to easily develop derivative solutions. More information on the Traveo MCU family is available at http://www.cypress.com/traveo.