Dallas, Texas 07/15/2013 (Financialstrend) – In a recent analysis presented by an equity research analyst, annualized default probabilities of Yahoo! Inc. (NASDAQ:YHOO) were set at 0.03% for one and 0.33% for ten years from now. It has further been observed that the technology sector was the most profitable in this year with a gain of 33%, higher than the gain recorded by S&P 500 for the year at 13%. The turnaround strategy adopted by Yahoo! Inc. enabled the company to show some early signs of success and effectively came up from its declining market share and staggering revenue growth.
The stock jumped by around 62% in share price since the new Chief Executive Officer Marissa Mayer has taken over the position. Further, the company has managed to beat the expectations of analysts in all of the four previous quarters. The recent first quarter results for the fiscal year 2013 recorded earnings per share of 34 cents per basic and diluted share of the company, 36% higher than the expectations of analysts.
Yahoo! Inc. (NASDAQ: YHOO) closed at $27.23 on Friday, recording an increase of 0.70% for the stock. During the day, the stock was fluctuating between a low intraday price of $27.01 and a high intraday price of $27.44 per share. The stock currently has a 52-week low of $14.59 and a 52-week high of $27.68 per share. Yahoo currently has a market cap of $30.37 billion with around 1.12 billion outstanding shares in the market and institutional ownership of 75 percent of the company’s total equity capital. The stock witnessed active trading in around 17.32 million shares on Friday, while the average level of trading activity for the stock is at 15.15 million shares per day.