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SNAP

Snap

$13.13

0.08 (0.61%)

16:12
08/07/18
08/07
16:12
08/07/18
16:12

Snap reports Q2 daily average users 188M, up 8% from last year

Daily Active Users increased 8% to 188 million in Q2 2018, compared to 173 million in Q2 2017, and decreased 2% in Q2 2018, compared to 191 million in Q1 2018. Average revenue per user, or ARPU, increased 34% to $1.40 in Q2 2018, compared to $1.05 in Q2 2017. In Q2 2018, 11 Shows reached a monthly audience of over 10 million users, up from 7 in Q1 2018. "We are excited by the progress we have been making and are optimistic about the opportunities ahead as we continue to invest in innovation," said Snap CEO and Co-Founder Evan Spiegel.

  • 07

    Aug

SNAP Snap
$13.13

0.08 (0.61%)

07/30/18
OTRG
07/30/18
NO CHANGE
OTRG
Mixed
Snap performance 'woes' continue, says OTR Global
OTR Global's Q2 U.S. checks indicate performance "woes" continue as year-over-year advertising spending benefited only slightly from improved targeting and open self-serve API, struggling against competitors with strong performance.
08/03/18
WEDB
08/03/18
NO CHANGE
Target $10
WEDB
Neutral
Snap will turn the corner 'eventually,' remain on sidelines now, says Wedbush
Wedbush analyst Michael Pachter maintained a Neutral rating and $10 price target on Snap ahead of the company's Q2 results on August 7. In a research note to investors, Pachter says that despite improvements in programmic, he feels that Snapchat is one of the most difficult-to-use social platforms for advertisers and its economic losses are likely to exceed $1B in 2018, with no clear path to profitability. Though he acknowledges that the company's 191 million DAUs have value and could drive profits if management chooses to focus on profitability, Snap continues to focus on improving the utility of its app, increasing user engagement, and explaining its value proposition to advertisers. Pachter is confident that Snap will turn the corner eventually, but he advises investors to remain on the sidelines until there is evidence of a turnaround.
08/07/18
DBAB
08/07/18
NO CHANGE
Target $13
DBAB
Hold
Deutsche expects 'weak' user trends from Snap in Q2
Deutsche Bank analyst Lloyd Walmsley expects "weak" daily active user trends in Q2 but improving monetization from Snap, particularly in the second half of the year as the company ramps deployment of its advertising pixel. To reflect the rollback of the redesign still not being completed for Android users in Q2, the analyst lowered his quarter-over-quarter net new average DAU number to down 2.5M from up 1M to 188.5M, below the Street at 192M. The analyst thinks brand ad buyers may be hesitating given the redesign and cut his Q2 revenue estimate for Snap to $243M from $249M. The Street is at $249M. Walmsley, however, slightly increased his Q3 and Q4 ad revenue estimates reflecting improving feedback around the company's ad tech improvements. The analyst bumped up his price target to $13 from $12 but keeps a Hold rating on Snap
08/07/18
BTIG
08/07/18
NO CHANGE
BTIG
Neutral
Snap revenue estimates reduced at BTIG
BTIG analyst Richard Greenfield kept his Neutral rating on Snap but lowered his FY18 revenue projections again to $1.13B and FY19 to $1.61B, noting that these are now much less than his original April 2017 forecasts of $2.5B and $4.9B respectively. The analyst notes that his initial Neutral rating on Snap was a "mistake", as revenue ramp did not proceed as he expected, but adds that given the "horrible" sentiment on the stock, any evidence of "success" could lead to an upside "overreaction". Greenfield further notes that he is "intrigued by the stickiness of the app as a communications platform" amid the "massive" shift of consumer time spent on mobile, even though his "patience is wearing thin".

TODAY'S FREE FLY STORIES

TI

Telecom Italia

$6.07

0.06 (1.00%)

19:27
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HNHPF

Hon Hai Precision

$0.00

(0.00%)

19:25
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Hon Hai Precision rating change  »

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RGLD

Royal Gold

$71.33

-0.17 (-0.24%)

19:23
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VZ

Verizon

$58.67

-0.05 (-0.09%)

, MSI

Motorola Solutions

$126.92

-0.01 (-0.01%)

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Verizon

$58.67

-0.05 (-0.09%)

MSI

Motorola Solutions

$126.92

-0.01 (-0.01%)

SSNLF

Samsung

$0.00

(0.00%)

QCOM

Qualcomm

$54.19

-0.29 (-0.53%)

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ORN

Orion Group

$4.59

0.26 (6.00%)

19:08
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Hot Stocks
Orion Group awarded $8M contract »

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RENN

Renren

$1.53

0.08 (5.52%)

19:01
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Renren to dispose of all assets in SNS business to Beijing Infinities »

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PETQ

PetIQ

$31.27

-1.77 (-5.36%)

, MTSI

Macom

$15.17

0.28 (1.88%)

19:01
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Hot Stocks
Fly Intel: After Hours Movers »

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PETQ

PetIQ

$31.27

-1.77 (-5.36%)

MTSI

Macom

$15.17

0.28 (1.88%)

SVMK

SurveyMonkey

$11.33

-0.185 (-1.61%)

REZI

Resideo

$21.28

-0.06 (-0.28%)

LAUR

Laureate Education

$15.53

-0.41 (-2.57%)

VREX

Varex Imaging

$26.11

-0.65 (-2.43%)

SIVB

SVB Financial

$242.68

1.84 (0.76%)

CLD

Cloud Peak

$1.32

-0.12 (-8.33%)

ETSY

Etsy

$47.31

-3.33 (-6.58%)

MMM

3M

$198.40

1.31 (0.66%)

EGBN

Eagle Bancorp

$49.19

0.48 (0.99%)

GDEN

Golden Entertainment

$14.32

-0.46 (-3.11%)

AKBA

Akebia

$7.76

0.04 (0.52%)

AMRS

Amyris

$5.90

0.04 (0.68%)

QRHC

Quest Resource

$2.23

-0.01 (-0.45%)

SWCH

Switch

$9.27

-0.075 (-0.80%)

WIX

Wix.com

$91.30

2.83 (3.20%)

TLRY

Tilray

$111.25

-1.95 (-1.72%)

APRN

Blue Apron

$1.22

-0.03 (-2.40%)

RESN

Resonant

$2.88

-0.03 (-1.03%)

CDNA

CareDx

$25.49

-2.01 (-7.31%)

LADR

Ladder Capital

$17.58

-0.03 (-0.17%)

ED

Consolidated Edison

$79.14

0.48 (0.61%)

03/08/13
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BA

Boeing

$349.62

-7.31 (-2.05%)

18:58
11/13/18
11/13
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Periodicals
Boeing, FAA mulls software fix for 737 Max, Bloomberg says »

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SFTBF

SoftBank

$0.00

(0.00%)

18:38
11/13/18
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18:38
Periodicals
SoftBank invests additional $3B in WeWork, NY Times reports »

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GDEN

Golden Entertainment

$14.32

-0.46 (-3.11%)

18:32
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Hot Stocks
Golden Entertainment CFO Charles Protell buys 13.3K shares of common stock »

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EAGL

Platinum Eagle Acquisition Corp.

$9.90

0.03 (0.30%)

18:29
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Platinum Eagle Acquisition Corp to merge with Target Logistics Management »

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LBRDK

Liberty Broadband

$82.54

0.16 (0.19%)

18:12
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Conference/Events
Liberty Broadband to host investor meeting »

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LBRDA

Liberty Broadband

$82.52

0.22 (0.27%)

18:11
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Conference/Events
Liberty Broadband to host investor meeting »

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  • 14

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SGEN

Seattle Genetics

$54.84

-0.18 (-0.33%)

18:10
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GLIBA

GCI Liberty

$46.49

0.72 (1.57%)

18:10
11/13/18
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Conference/Events
GCI Liberty to host investor meeting »

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  • 14

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NSP

Insperity

$113.88

-0.16 (-0.14%)

, LPNT

LifePoint

$64.94

0.03 (0.05%)

18:05
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S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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NSP

Insperity

$113.88

-0.16 (-0.14%)

LPNT

LifePoint

$64.94

0.03 (0.05%)

EGBN

Eagle Bancorp

$49.19

0.48 (0.99%)

APO

Apollo Global

$29.00

-0.4 (-1.36%)

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T

AT&T

$30.33

-0.47 (-1.53%)

18:04
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HBO's 'Game of Thrones' to return for final season in April, NY Times reports »

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EQH

AXA Equitable

$20.80

-0.285 (-1.35%)

17:54
11/13/18
11/13
17:54
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17:54
Syndicate
AXA Equitable files to sell 50M shares of common stock for holders »

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IBM

IBM

$120.84

-0.07 (-0.06%)

, RHT

Red Hat

$173.26

0.33 (0.19%)

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11/13/18
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IBM sees no antitrust 'overlays' in Red Hat acquisition, Bloomberg says »

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IBM

IBM

$120.84

-0.07 (-0.06%)

RHT

Red Hat

$173.26

0.33 (0.19%)

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RBBN

Ribbon Communications

$6.20

-0.445 (-6.70%)

17:52
11/13/18
11/13
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Syndicate
Ribbon Communications withdraws proposed offering of convertible senior notes »

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BBD

Banco Bradesco

$9.15

-0.26 (-2.76%)

17:51
11/13/18
11/13
17:51
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17:51
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Banco Bradesco seeks to grow credit at least 10%, Bloomberg says »

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NKE

Nike

$75.22

0.14 (0.19%)

, KO

Coca-Cola

$49.86

-0.01 (-0.02%)

17:49
11/13/18
11/13
17:49
11/13/18
17:49
Hot Stocks
Nike names former Coca-Cola exec Williams president of Jordan Brand »

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NKE

Nike

$75.22

0.14 (0.19%)

KO

Coca-Cola

$49.86

-0.01 (-0.02%)

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MMM

3M

$198.40

1.31 (0.66%)

17:46
11/13/18
11/13
17:46
11/13/18
17:46
Hot Stocks
3M authorizes $10B stock repurchase program »

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  • 15

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USAT

USA Technologies

$4.71

-0.51 (-9.77%)

17:45
11/13/18
11/13
17:45
11/13/18
17:45
Hot Stocks
USA Technologies says unable to file 10-Q timely »

In a form 12b-25 notice…

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TPC

Tutor Perini

$17.06

-0.03 (-0.18%)

17:42
11/13/18
11/13
17:42
11/13/18
17:42
Earnings
Tutor Perini selected for Choctaw Casino project in Oklahoma, terms not stated »

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