The value of Yandex shares fell to the lowest level in the history of the company

    Within three days after the publication of the Yandex report for the II quarter, its shares on Nasdaq fell by 11%. On Friday night, the price per share reached its lowest level ($ 13.88) in the company's history. The previous "record" ($ 13.90) was set in March this year. On Sunday, the fall in quotations continued, and the price fell to $ 13.74 per share. On Monday at 19 00 Moscow time, the capitalization of Yandex was $ 4.44 billion.

    In the II quarter of 2015, the adjusted net profit of Yandex amounted to 2.8 billion rubles, which is 16% less than last year. Net profit before adjustment of indicators decreased by 82% - up to 423 million rubles. As the press service of Yandex explains, 82% is a “paper” drop, caused primarily by changes in exchange rates.

    According to the quarterly report, the company's revenue compared to the same period last year increased by 14% to 13.9 billion rubles. Representatives of Yandex suggested that it would be possible to increase the figure by 9-12%, Interfax analysts predicted growth by only 11%.

    According to Wall Street investors, Yandex also had to show worse results - $ 228 million in revenue and $ 0.14 per share instead of $ 250 million and $ 0.16 per share, which the company eventually reported.

    Despite this, stock prices began to fall. UBS analysts found the reaction of investors unjustified. Analysts at Deutsche Bank recently lowered the target price for the shares of "Yandex" from $ 21 to $ 20, but left the recommendation to "buy" the paper transfer "Vedomosti"

    “The papers of all Russian companies in recent days are not in the best position. A weak ruble, falling oil prices, very conservative forecasts for the Russian economy are the main factors that adversely affect the shares of the Russian search engine, ”said Uralsib analyst Konstantin Belov.

    "U" Yandex "double dependence on the ruble - on the one hand, nearly all of its revenue it receives in local currency, on the other hand, about a third of its costs virtually nomirovany in foreign currency," adds the analyst of "openness" Alexander Vengranovich.

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