Snap Inc. Reports Second Quarter 2017 Results
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Snap Inc (SNAP) PT Lowered to $15 at Cantor Fitzgerald Following 2Q
August 14, 2017 7:47 AM EDTCantor Fitzgerald lowered its price target on Snap Inc (NYSE: SNAP) to $15.00 (from $17.00) while maintaining a Neutral rating following the company's 2Q release. Both DAUs and ARPU came in below consensus expectations, causing revenue and EBITDA to miss by 2.4%/5.3% respectively. Cantor updated 2017 EPS estimates to $(2.60) from $(2.20), and... More
Snap Inc (SNAP) PT Lowered to $12 at UBS Following 2Q Miss
August 11, 2017 8:53 AM EDTUBS lowered its price target on Snap Inc (NYSE: SNAP) to $12.00 (from $19.00) while maintaining a Neutral rating following the company's 2Q. SNAP reported revenue and adjusted EBITDA missing consensus by $5m and $10m respectively.
UBS cut 3Q revenue estimates to $257m from... More
Snap Inc (SNAP) PT Lowered to $16 at Jefferies; Patient Investors Should Look Through the Noise
August 11, 2017 7:12 AM EDTJefferies analyst Brian Fitzgerald lowered his price target on Snap Inc (NYSE: SNAP) to $16.00 (from $30.00) while maintaining a Buy rating after its second straight miss.
While near-term issues weigh on the stock, Fitzgerald believes patient investors should look through the noise at the long term opportunity.
... MoreSnap Inc (SNAP) PT Lowered to $10 at Susquehanna
August 11, 2017 6:18 AM EDTSusquehanna lowered its price target on Snap Inc (NYSE: SNAP) to $10.00 (from $12.00) while maintaining a Neutral rating following the second straight miss.
Analyst Shyam Patil notes Facebook is making it hard for SNAP. The quarter exhibited further monetization and user growth issues, and... More
Snap (SNAP) CEO Evan Spiegel and CTO Bobby Murphy promise to not sell their shares this year
August 10, 2017 5:43 PM EDTOn the call, Snap (NYSE: SNAP) CEO Evan Spiegel and CTO Bobby Murphy promise to not sell their shares this year
... MoreSnap (SNAP) Misses Q2 EPS by 1c, Sales Light
August 10, 2017 4:11 PM EDTSnap (NYSE: SNAP) reported Q2 EPS of ($0.16), $0.01 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $181.67 million versus the consensus estimate of $186.22 million.
Daily active users (DAU)(1) DAUs grew from 143 million in Q2 2016 to 173 million in Q2 2017, an increase of 30.5 million... More