Yelp (YELP) Shares Surge 27% on Strong Q1 Results by TechStockProspector


Mobile continues to be a major growth driver for the company. Yelp shares today hit a new all-time high.

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									Robert DeFrancesco’s
May 2, 2013

Yelp (YELP) Shares Surge 27% on Strong Q1 Results
NOW AVAILABLE: The April 2013 issue of Tech-Stock Prospector for your
Amazon Kindle or Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the April 2013 issue of TSP:

*Oracle in recovery after a tough quarter
*Yelp disrupts local search
*TripAdvisor expands its global presence
*Deal delays trip up F5 Networks
*Is Citrix Systems getting more competitive?
*How Aruba Networks steers wireless traffic
*Tableau Software is ready for the IPO spotlight
*Big Data: EMC and VMware launch Pivotal
*An activist investor tries to shake things up at Harmonic
*Why Palo Alto Networks is the rising star in security
*Juniper Networks attempts to rebound after a tough year
*Marin Software optimizes digital advertising from the cloud
*Electronic Arts seeks a new CEO to help reignite growth
*Fortinet battles for market share in networking security
*Deal Report: Model N finds growth in a software niche

Order the April 2013 issue of TSP here:


Shares of Yelp (YELP, $32.23) today jumped 27% on heavy volume after the
company reported impressive Q1 results (revenue +68% and average monthly
unique visitors +43%) and raised 2013 revenue guidance. The stock reached a new
all-time high at $32.38.

Mobile continues to be a key growth driver, with 45% of all Q1 searches taking place
on the Yelp mobile app; including searches on the mobile Web takes this figure up to
56%. The Yelp app is now installed on more than 10 million mobile devices, up from
9.2 million in Q4. Roughly 36% of all local business ads in Q1 were shown on mobile
devices, up from 25% in Q4.
Cumulate reviews on Yelp rose 42% from a year ago to more than 39 million. The
more reviews the better: Increased relevant content on a greater number of local
businesses drives search traffic to Yelp. There are now 1.1 million local businesses
with Yelp pages (+58% year over year) and roughly 45,000 active local business
accounts (+63% y/y).

For 2013, Yelp now sees revenue coming in at $216 million to $218 million, up from
previous guidance of $210 million to $212 million. The new guidance midpoint
represents 58% growth.

Yelp was featured in the cover story of the April 2013 issue of Tech-Stock
Prospector. You can still order the April issue for your Amazon Kindle or Kindle for
iPad/iPhone reading app.


Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for
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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
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Louis Rukeyser’s Wall Street., launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
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