Welcome to our dedicated page for Yext news (Ticker: YEXT), a resource for investors and traders seeking the latest updates and insights on Yext stock.
Yext Inc. (YEXT) provides a cloud-based platform that synchronizes business location data across search engines, maps, and voice assistants. This page aggregates official news releases and verified updates about Yext's product innovations, financial performance, and strategic partnerships.
Investors and businesses will find timely updates on earnings reports, platform enhancements like powerlistings® expansions, and integrations with key services including Google Maps and Alexa. Content spans corporate announcements, technology milestones, and market positioning within the digital knowledge management sector.
Bookmark this page to monitor Yext developments including new client acquisitions, API updates for structured data management, and analyst insights about competitive positioning. All content is sourced from authorized releases to ensure reliability for investment research and operational planning.
Yext, Inc. (NYSE: YEXT) announced its Spring '22 Release, enhancing platform functionality with new features aimed at improving user efficiency. Key updates include an improved navigation system, new Google sync settings for better listing management, and a drag-and-drop interface for customizing search results. The update also introduces the 'Nebula' algorithm for improved search functionality and multi-language support. These enhancements aim to empower businesses to deliver exceptional digital experiences.
Yext, the Answers Company, has been recognized as the #1 provider in the Local Listings Management category on G2 for the seventh consecutive quarter. This accolade is attributed to positive customer reviews highlighting Yext's expansive publisher network, real-time profile updates, and user-friendly interface. The company pushes over a billion updates annually and integrates with over 100 million listings across major platforms like Google and Amazon Alexa. Recent product updates introduced new features, improving customer service and user experience.
Yext has been recognized as a top software provider in G2's 2022 Best Software Awards, earning accolades in three categories: Analytics and AI, Commerce, and Marketing and Digital Advertising. This marks Yext's debut on the G2 Best Software lists, yet the company has consistently received high ratings in quarterly reports, being named a Leader in 23 reports, including ranking #1 in 11. Yext's President emphasized the company's commitment to enhancing customer experiences and its innovative Support Answers solution has gained traction.
Yext, Inc. (NYSE: YEXT) announced that its AI-based search solution, Support Answers, has received the KCS v6 Aligned designation from the KCS Academy for its effectiveness in implementing KCS best practices. This recognition signals Yext's commitment to enhancing customer support through improved content findability and self-service options. The KCS designation reflects the platform's robust natural language processing capabilities. A digital event, 'KM Outcomes: Findability vs. Discoverability', hosted by Yext's industry head Joe Jorczak, is scheduled for April 28, 2022.
Yext (NYSE: YEXT) has launched its Spring '22 Release, featuring the new "Nebula" algorithm update designed to enhance AI search efficiency for businesses. The update introduces several new tools including improved navigation, a revamped search merchandiser, and enhanced data connectors for better integration. Key features aim to streamline the construction and management of search experiences for both customers and employees. Yext remains committed to helping organizations optimize their online presence and deliver superior customer experiences.
Yext (NYSE: YEXT) has announced a share repurchase program approved by its Board of Directors, allowing the company to buy back up to $100 million of its outstanding common stock. This program will be executed in compliance with Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act. The move aims to enhance shareholder value by reducing the number of outstanding shares, potentially improving earnings per share (EPS) and demonstrating confidence in the company's future prospects.
Main Line Health has partnered with Yext (NYSE: YEXT) and Stericycle (Nasdaq: SRCL) to improve patient search and scheduling on its website. Utilizing Yext's AI-powered search and Stericycle's scheduling solutions, patients can now easily find doctors and book appointments online. This collaboration aims to enhance the digital experience for patients, reflecting a commitment to patient-centric healthcare. This initiative marks a significant step in Main Line Health’s ongoing digital transformation, ensuring convenience in healthcare access.
Yext has announced an equity inducement award for newly appointed CEO Michael Walrath, consisting of 2,000,000 Restricted Stock Units (RSUs). The RSUs are to vest quarterly over four years and are contingent on achieving stock price targets of $15, $17, $19, and $21 per share. A change in control would accelerate the vesting process. This grant is in accordance with NYSE Rule 303A.08 and was approved by the Compensation Committee.
Yext aims to transform enterprise search with its AI-driven platform.
Yext, the AI Search Company, announced a leadership transition effective March 25, 2022. Michael Walrath, previously Chairman, will become CEO, while Darryl Bond, the current Chief Accounting Officer, will take over as CFO. Howard Lerman, founder and CEO since 2006, will step down but remain an advisor. Under Lerman, Yext reported $391 million in revenue for fiscal 2022. Walrath aims to enhance customer focus and operational efficiencies in the next growth phase. Marc Ferrentino will serve as President and COO, ensuring a cohesive customer experience.
Yext, Inc. (NYSE: YEXT) reported its fourth quarter and fiscal year 2022 results, showcasing a 9% revenue growth to $100.9 million, alongside an 8% increase in gross profit to $76.4 million. Despite these improvements, the company experienced a net loss of $23.1 million, up from $18.3 million in the previous year. Non-GAAP metrics indicated a net loss per share of $0.18. Annual revenue reached $390.6 million, a 10% rise year-over-year. The company also provided guidance for Q1 FY 2023 with projected revenues of $96.3 - $97.3 million.
