fbpx

Snap Stock Alert: New Lows on Tap or Time to Buy?

Snap  (SNAP) – Get Snap, Inc. Class A Report has been all over the map over the last day.

Considered by many to be a growth stock, this name has been lumped in with the other poor performers.

As such, shares are down 65% from the all-time high.

However, it was in the spotlight on Thursday night and honestly, I’m surprised it’s holding as well as it is today.

The company reported disappointing top- and bottom-line figures even though revenue rose more than 37% year over year. Worse, management expects sales growth of 20% to 25% next quarter vs. expectations for 28%, as some of its larger clients pull back on spending.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

^N225 
$28,162.83  $120.20  0.42%  
SGHIF 
$1.08  $0.0000  0.00%  
^HSIL 
$32.46  $2.80  9.44%  
SZNTF 
$0.148  $0.0000  0.00%  
KOSPI.KS 
$2,408.27  $29.59  1.21%  
AUS.NZ 
$3.13  $0.004  0.13%  
^NSEI 
₹ 18,562.75  ₹ 50.00  0.27%  
FCNBCA.FGI 
$7,651.00  $99.98  1.29%  
EURUSD=X 
$1.04  $0.0043  0.41%  
GBPUSD=X 
$1.20  $0.0111  0.92%  
JPY=X 
$138.94  $0.161  0.12%  
^GSPC 
$3,977.75  $48.37  1.20%  
NDAQ 
$66.73  $0.42  0.63%  
^DJI 
$33,954.65  $392.38  1.14%