Today’s Research Reports on Stocks to Watch: Twitter and Snap

NEW YORK, NY / ACCESSWIRE / February 9, 2018 / Twitter was soaring in Thursday trading after posting a quarterly profit for the fourth quarter and even hit a new high during intra-day trading. Shares of Snap were in the red after seeing gains earlier in the week after posting its quarterly report. Snap also announced custom lenses that SnapChat users can design and buy for special events.

RDI Initiates Coverage on:

Twitter, Inc.
https://rdinvesting.com/news/?ticker=TWTR

Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP

Twitter’s shares closed up 12.15% yesterday on about 162 million shares traded. Trading volume was a beat compared to the stock’s average of just under 22 million shares. The stock also soared to a new high of $35.00 during intra-day trading. The stock soared as much as 25% before the opening bell yesterday after Twitter reported its first quarterly profit and revenue that was better than expected by analysts. Twitter reported its fourth quarter financial report that showed revenue of $732 million, up 2% from the year ago period. Non-GAAP EPS was $0.19, an increase of 8 cents from the $0.11 in the year ago quarter. Wall Street was looking for revenue of $686 million and EPS of $0.14. The social media’s platform saw daily active users up 12% YOY. This is the fifth quarter in a row that Twitter has seen double digit growth in daily active users. Twitter also reassured that for 2018, they “currently expect to be GAAP profitable for the full year 2018.”

Access RDI’s Twitter, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWTR

Snap’s shares closed down 6.55% on Thursday on colossal trading volume compared to usual. Snap traded almost 120 million shares compared to a trading volume average of around 25 million shares. The loss was despite the company having some exciting news. The company just introduced custom lenses that Snapchatters can design and buy for special events. The new tool allows users to make their own customizable augmented reality (AR) lenses for as low as $10 or as high as $999.99. Called Create-Your-Own-Lens, it’s available for U.S. users on the company’s website as well as its SnapChat app. The Android version as well as availability throughout the world is on its way. The stock surged earlier in the week after the company reported its fiscal fourth quarter 2017 results on Tuesday. Snap posted revenue of $285.7 million, which was a 72.4% growth from the year ago quarter. The company also posted a loss of $350 million while analysts had expected a loss of $409 million.

Access RDI’s Snap Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SNAP

Our Actionable Research on Twitter, Inc. (NYSE: TWTR) and Snap Inc. (NYSE: SNAP) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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