NEW YORK (TheStreet) -- Yahoo!
(YHOO - Get Report) rose Monday after Chinese e-commerce giant Alibaba confirmed plans to go public on the New York Stock Exchange. Yahoo! owns a 24% stake in Alibaba.
Alibaba's initial public offering could raise as much as $15 billion in what would be the biggest initial public offering since Facebook (FB). Alibaba has enjoyed immense success in the Chinese market. The IPO could valued the company at about $100 billion.
Yahoo! shares rose 2.8% to $38.65.
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- Powered by its strong earnings growth of 43.47% and other important driving factors, this stock has surged by 66.65% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, YHOO should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Internet Software & Services industry average. The net income increased by 27.9% when compared to the same quarter one year prior, rising from $272.27 million to $348.19 million.
- Although YHOO's debt-to-equity ratio of 0.08 is very low, it is currently higher than that of the industry average. Along with this, the company maintains a quick ratio of 3.30, which clearly demonstrates the ability to cover short-term cash needs.
- The gross profit margin for YAHOO INC is currently very high, coming in at 83.75%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 27.50% is above that of the industry average.
- You can view the full analysis from the report here: YHOO Ratings Report