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Why Yext Stock Soared on Friday

TheMotleyFool

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Shares of Yext (NYSE: YEXT), a provider of software for enhancing online searches, jumped sharply on Friday. The stock rose as much as 22.3%. As of 1:30 p.m. EDT, shares were up by 18.6%.

The stock's gain followed the release of the tech company's strong fiscal 2022 first-quarter report, which featured higher-than-expected revenue and a narrower-than-expected non-GAAP (adjusted) loss per share.

Image source: Getty Images.

Source Fool.com

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