Posts Tagged ‘twitter stock’
Twitter will announce its second quarter 2014 earnings in a little over one hour’s time, after the closing bell in New York. I cover many of Wall Street’s expectations in this post here, but thought it would be interesting to see how Twitter’s stock performance has compared throughout the year to that of its great rival, Facebook.
Twitter will release its Q2 2014 earnings report tomorrow after the closing bell and while the market will be looking for growth in revenue, a strong earnings per share (EPS) number and a boost in ad sales, it’s only one metric that really matters: monthly active users (MAU).
Ali Rowghani has resigned from his position as Chief Operating Officer (COO) of Twitter.
Rowghani, who joined Twitter from Pixar, will remain an employee but will switch to an advisory role.
Twitter’s stock has enjoyed a little bit of an uptick this week, jumping 11 percent on Wednesday after a much-needed buy upgrade from Nomura.
However, share prices are still down some 45 percent this year and Twitter still needs to convince a skeptical investor market that it’s a good bet for the future, particularly when compared to its great rival, Facebook.
Twitter’s (TWTR) stock rallied 11 percent yesterday to close at $33.77 in New York after Nomura Securities upgraded the company to a buy.
Twitter took some hits this week through a combination of factors exerting downward pressure on the stock. First off, last week’s earnings report didn’t have the user engagement numbers that many were hoping for. Second, the employee lockup period ended on Tuesday which freed employees to cash out and sell their stock.
It’s the week of Twitter’s Q1 2014 earnings call and we’ve seen Twitter’s stock take another dip as it approaches its all-time low. We’ve analyzed how Twitter’s results weren’t quite as ominous as they could have been but couldn’t quite please the street. However, there is another detail to consider.
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