Why Yext Stock Surged Today
Shares of Yext (NYSE: YEXT) -- a software company that helps enterprises provide accurate information to the public -- surged on Wednesday after reporting financial results for the fourth quarter of its fiscal 2023. As of 1:30 p.m. EST, Yext stock was up 9%, but it had been up about 14% earlier in the day. In Q4, Yext generated revenue of almost $102 million, which was up just 1% year over year.