Posts Tagged ‘twitter stock’
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Twitter has just reported it first-ever post-IPO earnings and they’ve significantly beaten analyst expectations, with Q4 2013 revenue of almost $243 million, up 116 percent year-on-year, and a positive earnings per share (EPS) of 2 cents.
Analysts had expected a loss of 2 cents per share and $218 million Q4 revenue.
Twitter’s first post-IPO earnings report is due on the close of business today and, with the company’s stock up more than 150 percent above its IPO price and hovering bullishly not far from all-time highs, investors are eagerly awaiting something from Twitter that will justify its fairly loft valuation.
Two things to watch in this earnings report are signs of growth in overall ad revenues, and also a boost in total user base numbers.
Shares in Twitter fell 3.5 percent yesterday after Cantor Fitzgerald cut the company’s rating from “hold” to “sell”, based on what Cantor said were excessive valuations.
Social media rivals Twitter and Facebook enjoyed Christmas Eve rallies ahead of the holiday break, with both companies soaring to new, all-time highs Tuesday, and Twitter further extending those gains in after-hours trade.
Twitter (TWTR) enjoyed its biggest single-day rise since its IPO in November, with the stock jumping 9.3 percent to $49.14 yesterday.
Picture the scene. You’re happily married. Then, one day, you’re not, going through a messy divorce. Years later, you find out that your wife was an early, secret investor in Twitter. A fact that she hid from you. Now, post Twitter IPO, that investment is worth tens of millions.
What do you do?
Are you bullish about Twitter?
I am, certainly in the long term. But after the success of Twitter’s IPO, which saw the company set a price of $26 per share that soared to $44.90 by the end of the day, the stock has meandered somewhat, and currently sits at $41 and change.
So, what next? Is this a good time to buy TWTR?
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