Yext - YEXT STOCK NEWS

Yext, Inc. (NYSE: YEXT) has released insights into consumer search behavior for the holiday season amid COVID-19. The report highlights a shift towards digital shopping, predicting increased website clicks and phone calls as consumers seek information. While foot traffic for certain sectors like jewelry and sporting goods may see spikes, overall physical store visits are expected to decline. Yext emphasizes the need for businesses to enhance their digital presence to engage effectively with customers during this critical period.

Yext, the Search Experience Cloud company, announced that CFO Steve Cakebread will participate in two virtual fireside chats. The first event is at the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020, at 2:00 PM ET. The second will take place at the MKM Partners Virtual Conference on December 15, 2020, at 1:10 PM ET. A live webcast of the discussions will be available on the Yext Investor Relations website.

Yext, Inc. (NYSE: YEXT) reported its third-quarter fiscal 2021 results, revealing a revenue of $89.1 million, a 17% increase from the previous year. Gross profit rose by 20% to $67.4 million, and gross margin improved to 75.7%. The net loss was $22.0 million, significantly down from $42.7 million year-over-year. Notable business highlights included a 28% increase in customer count and an 18% rise in annual recurring revenue to $346 million. The company provided guidance for Q4 2021, projecting revenue between $87 million to $89 million.

Yext (NYSE: YEXT) announced its Fall '20 Release, introducing significant enhancements to its platform. Key updates include the new Andromeda algorithm that supports Japanese language searches and complex queries. Businesses can now implement Yext Answers more flexibly with new overlay and WordPress plugin options. The Yext Knowledge Graph allows improved customization of information organization, and Bing suggestions are now integrated for U.S. businesses. This release aims to enhance digital experiences and reliability for brands in a competitive market.

Yext, Inc. (NYSE: YEXT) will release its third quarter fiscal year 2021 results on December 3, 2020, after market close. A conference call discussing the financial results will occur at 4:30 p.m. ET. Investors can access a live webcast on the Yext Investor Relations website. The company aims to improve the search experience for businesses, ensuring official answers to consumer queries online. Yext serves notable clients including T-Mobile and the U.S. State Department, enhancing the accuracy of information provided across various platforms.

Yext, Inc. (NYSE: YEXT) announced the launch of its WordPress Answers Connector, a plugin designed to integrate Yext's advanced site search product, Answers, into WordPress pages. Utilizing natural language processing and BERT technology, the plugin enhances customer experience by providing accurate answers to queries. This user-friendly solution requires minimal IT management, enabling businesses to improve conversion rates significantly. Yext aims to help organizations deliver consistent and official answers across various platforms, reinforcing its mission of enhancing search experiences.

Yext (NYSE: YEXT) announced that CFO Steve Cakebread will participate in a virtual fireside chat hosted by RBC Capital Markets on November 18, 2020, at 10:45 a.m. ET. A live webcast of the discussion will be available on the Yext Investor Relations website. Yext is dedicated to improving the search experience by ensuring businesses provide accurate information to consumers online, with notable clients including T-Mobile and the U.S. State Department.

Yext, Inc. (NYSE: YEXT) has announced the launch of Yext Answers in Japanese, expanding its site search product's capabilities. This addition is part of the 'Andromeda' algorithm update, enabling businesses in Japan to provide accurate answers to consumer queries on their websites. Yext Answers, initially launched in English in 2019, utilizes advanced NLP and BERT technology to enhance user experience. The service is available for a 90-day free trial, facilitating immediate implementation for Japanese businesses. This expansion follows the recent introduction of Answers in several European languages.

Yext, Inc. (NYSE: YEXT) announced the Fall '20 Release, now available for early access, enhancing its Search Experience Cloud platform. Key features include new implementation options for Yext Answers, allowing businesses to embed search functionalities on their websites or use an overlay option. The Yext Knowledge Graph now offers custom sections for organizing business information, and businesses can view customer suggestions from Bing to improve accuracy in listings. These updates aim to help businesses efficiently respond to customer inquiries in an ever-evolving digital landscape.