Twelve out of the 35 analysts covering Snap (SNAP) stock recommended a “buy,” 16 recommended a “hold,” and seven recommended a “sell.”
On May 5, 2017, Snap was trading at ~16.0% above its 50-day moving average.
On Wall Street, analysts on average are forecasting Snap to post an EPS loss of $0.20 on revenues of $157.4 million.
The market for AR-themed devices like Spectacles is forecast to grow rapidly over the next few years.
Snap, which also counts Twitter (TWTR) and Alphabet’s (GOOGL) Google among its competitors, reported having 161 million daily users worldwide in December 2016.
Snap’s North America ARPU was $2.15 in 4Q16, compared with $19.80 for Facebook (FB) in the same period for the same region.
IDC notes that ~85% of worldwide spending—totaling $5 trillion—on mobile ads is claimed by the top ten advertising markets, all of which are in the developed world.
Snapchat was designed for younger people. As older consumers adopt Snapchat, this could cause teen users to flee the app.
Snap (SNAP) and NBCUniversal recently signed an advertising deal focused on the 2018 Winter Olympics. Snapchat would carry exclusive Olympic content co-produced by BuzzFeed and NBC.
With a population of 1.3 billion people and a rapidly growing smartphone and Internet user base, India is a coveted market for many US (SPY) technology companies seeking growth opportunities offshore.
If marketers are willing to support smaller platforms like Snapchat to help break the Facebook–Google duopoly, they could overlook Facebook’s superior ROI to spend more with Snap (SNAP), AOL, and Amazon (AMZN).
According to a recent report by Instagram, a Facebook company, Snap may be accelerating its effort to sell itself or diversify its business to survive the Facebook onslaught.
Although Snap describes itself as a camera company, advertising on its social media platform is its primary source of revenues.
In an effort to stave off competition from Facebook, Snap (SNAP) is working to make its features more appealing and distinct than the forms copied by Facebook.
According to the data compiled by Thomson Reuters, analysts expect ArcelorMittal (MT) to post revenues of $16.2 billion in 1Q17.
According to data compiled by Thomson Reuters, analysts expect ArcelorMittal (MT) to post adjusted EBITDA of $1.94 billion in 1Q17.
During its 1Q17 earnings call, the market will look for ArcelorMittal’s commentary on the steel price outlook.
ArcelorMittal’s earnings are coming toward the end of the 1Q17 earnings season, after most steel companies have already reported their 1Q17 results.
Cisco is now the fifth-biggest player in the data center server space.
Cisco’s market share rose in 4Q16, primarily due to the firm’s expertise in premise-based solutions, wherein it has a market share of over 27%.