According to an article from the Associated Press, an analyst said Friday that Monster is the only major employment site that is stabilizing.
Consequently, shares of Monster Worldwide jumped 54 cents, or 3.4 percent, to $16.41 in morning trading, nearly triple its March 6 low.
Deutsche Bank analyst Jeetil Patel said in a client note, “While all three of the large job boards reported more declines in July, Monster stands out as the only one showing early signs of stabilization.”
He added that page views for Monster were flat in June and July, compared with declines of about 20 percent for CareerBuilder and about 60 percent for Yahoo! HotJobs.
For more on Patel’s analysis, including which site he thinks is capturing significant market share, click here.
Popularity: 4% [?]
August 28th, 2009 at 2:33 pm
This is not terribly surprising to me. At the beginning of the year, I remember you posting something on the fact that Monster was being more aggressive with branding, rebranding and innovating. Investing significant money into continued change.
The launch of their MonsterCollege seems to be a pretty good change in regards to community.
I can’t say that I have used Monster or any job board besides ladders in the last 3 years. Not quite sure that I will in the future either.
August 28th, 2009 at 11:28 pm
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