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Snake Inc's day can be very bad for Tenant Holdings Limited.
The company had watched the shares for at least three business days of business, before the company had disclosed that China's leopard had voted 145.8 million shares in snap non-voting. Despite disappointing earnings and plans to redesign their app, the stock eroded further decline in its pre-market, causing many analysts to lower their ratings.
After the March IPO of snap earnings disappointment has become a familiar pattern. This is the third time that the social media operator has reported earnings, and for the third time there has been a huge decline in the shares, at this time not only due to the revenue and user development, but its app's overhaul on large scale and its revenue Ideal change in.
During the initial public offering process, the firm went largely to separate itself from Twitter Inc. But snap IPO's fall by 30 percent on Tuesday brought its market cap to Twitter within a few million dollars. Shares started declining in the pre-market, after falling 8.5 percent at 7:25 in New York.
Looking at the consequences and changes in the coming months, Wall Street did a lot to say, there is a rap here.
UBS, Eric J. Sheridan.
Sheridan downgraded stock to sell neutral since the IPO and reduced the price target to $ 7 in $ 12.
"In the first two quarters as a public company, we prepared the snap's disappointing results as 'increasing pain', but felt that long-term debate about user development and advertising business scaling was left unsolved. Earning one-third Many of these questions remain unanswered after the report, but now it is very likely that snap should be fought on several workers in the coming 12 months. Will not continue - a redesigned app can get an opportunity, but it is also trying to increase the platform disruption and increase its advertising business, as user growth is deeper when competing against spectrum, Facebook and Amazon. We will no longer believe that Snap Warrants have a set of very different pricing metrics compared to their counterparts because the company's Ikas possibility do not produce anywhere near the top close Metrics industry in quarters to come decreases.
RBC Capital Markets, Marc Mahayan.
Mahnyi reduced his rating on the snap, the sector performed outperform, and cut the target price of $ 20 to $ 15.
"When we stocked $ 24, we started with an outcome, we made a wrong call. We believe that snap is a very interesting asset with great product innovation. However, we see 3 outstanding issues: 1) Visibility: Deficit in revenue against expectations and management comments means that we had thought less than visibility in business with the possibility of management. 2) Daily active use Despite the substantial product innovation, we still do not see a change in daily active user development where advertisers go where there are eyes and we need to see further user development 3) Indefinite engagement: In this quarter we have no detailed The matrix was not seen, which was exposing this engagement, it was noted in the management that the time spent, frequency of use and snap Rijn were all increased. We believe that it will take time to resolve these issues and are thus sector increased our rating to perform. "
JP Morgan, Doug Unmuth.
Anmuth downgraded the snap to neutralize the weight and cut its price target from $ 14 to $ 10.
"Snap has changed its app with anew, it is a clear indication of the recognition that this product is very difficult to use for many people and that the service is not enough with users 35 and above. Daily active users Snap Snap has increased to 3 million to 4.5 lakhs to 178 million, 7 million pairs under our projection for 9 million net pairs and second quarter. With the launch of Snap Maps in late June, consumer growth in July and August was modest before choosing more in September at the end of the quarter. Snap has told a lot about app changes, or time, but noticed that it is actively studying mobile content feeds, and has also indicated that snap maps can get more importance. We have long thought that Snap User Interface is very complex for many potential new users, and making major changes to the app can make long term words correct. But it also has significant risks in the form of a huge active current user base of snap - opening an app 25x per day and spending an average of 40+ minutes per day (user <25) - may be interrupted. "
Breakthrough Research, Brian Wieser.
"The expectation of the snap is poor positive for third quarter 2017 results versus forecasts, well with revenues, and the absence of confidence that the responsible source of performance is pure positive for the business.After these consequences, some of the below-our-financial model adjustments With, our new value target is $ 8 per share at the end of one year at 2017 basis, which is 9 dollars East, which we will go to the rate of selling of the stock. Continues to keep re. "
Credit Suisse, Stephen Joo.
"We believe that Programmatic Impression Mix means up to 100% and revenue is more than 50% through auction, which should move towards pricing, as the company continues to add
advertisers and pressurize the auction.
Therefore, we do not consider our investment thesis as impaired, but rather we hope that we move forward slowly. And in the meantime, we adopt a more conservative approach on our assumptions as we reduce the average revenue per user (primarily) in the North America, along with the expectations of our daily active user development - our value target is back by making the last $ 20 $ 17 vs. and we keep it up to our better performance ".
Barclays, Ross Sandler.
"Since the IPO, we have been on snap at different times, but as stocks continue to decline, our optimism is increasing. The company is tightening the message, but the speed of user and advertising growth is in the financial year 2018 Not enough to support 12 times in revenue. Most of the transition from auction to auction is behind the snap, so the trends should proceed furtherly. Our revenue and daily active user estimates have been reduced, our goal is now $ 11. "
Cone & Co., John Blackledge.
"We deducted the fourth quarter 2017 and total 2017-2022 estimates, the estimation changes, our price target goes up to $ 14 before $ 12, we maintain our market performance."
So friends Do you like this post?
Comment please.
Created by Mohammad Afsar.
Copyright 2017. All right reserved.
Snake Inc's day can be very bad for Tenant Holdings Limited.
The company had watched the shares for at least three business days of business, before the company had disclosed that China's leopard had voted 145.8 million shares in snap non-voting. Despite disappointing earnings and plans to redesign their app, the stock eroded further decline in its pre-market, causing many analysts to lower their ratings.
After the March IPO of snap earnings disappointment has become a familiar pattern. This is the third time that the social media operator has reported earnings, and for the third time there has been a huge decline in the shares, at this time not only due to the revenue and user development, but its app's overhaul on large scale and its revenue Ideal change in.
During the initial public offering process, the firm went largely to separate itself from Twitter Inc. But snap IPO's fall by 30 percent on Tuesday brought its market cap to Twitter within a few million dollars. Shares started declining in the pre-market, after falling 8.5 percent at 7:25 in New York.
Looking at the consequences and changes in the coming months, Wall Street did a lot to say, there is a rap here.
UBS, Eric J. Sheridan.
Sheridan downgraded stock to sell neutral since the IPO and reduced the price target to $ 7 in $ 12.
"In the first two quarters as a public company, we prepared the snap's disappointing results as 'increasing pain', but felt that long-term debate about user development and advertising business scaling was left unsolved. Earning one-third Many of these questions remain unanswered after the report, but now it is very likely that snap should be fought on several workers in the coming 12 months. Will not continue - a redesigned app can get an opportunity, but it is also trying to increase the platform disruption and increase its advertising business, as user growth is deeper when competing against spectrum, Facebook and Amazon. We will no longer believe that Snap Warrants have a set of very different pricing metrics compared to their counterparts because the company's Ikas possibility do not produce anywhere near the top close Metrics industry in quarters to come decreases.
RBC Capital Markets, Marc Mahayan.
Mahnyi reduced his rating on the snap, the sector performed outperform, and cut the target price of $ 20 to $ 15.
"When we stocked $ 24, we started with an outcome, we made a wrong call. We believe that snap is a very interesting asset with great product innovation. However, we see 3 outstanding issues: 1) Visibility: Deficit in revenue against expectations and management comments means that we had thought less than visibility in business with the possibility of management. 2) Daily active use Despite the substantial product innovation, we still do not see a change in daily active user development where advertisers go where there are eyes and we need to see further user development 3) Indefinite engagement: In this quarter we have no detailed The matrix was not seen, which was exposing this engagement, it was noted in the management that the time spent, frequency of use and snap Rijn were all increased. We believe that it will take time to resolve these issues and are thus sector increased our rating to perform. "
JP Morgan, Doug Unmuth.
Anmuth downgraded the snap to neutralize the weight and cut its price target from $ 14 to $ 10.
"Snap has changed its app with anew, it is a clear indication of the recognition that this product is very difficult to use for many people and that the service is not enough with users 35 and above. Daily active users Snap Snap has increased to 3 million to 4.5 lakhs to 178 million, 7 million pairs under our projection for 9 million net pairs and second quarter. With the launch of Snap Maps in late June, consumer growth in July and August was modest before choosing more in September at the end of the quarter. Snap has told a lot about app changes, or time, but noticed that it is actively studying mobile content feeds, and has also indicated that snap maps can get more importance. We have long thought that Snap User Interface is very complex for many potential new users, and making major changes to the app can make long term words correct. But it also has significant risks in the form of a huge active current user base of snap - opening an app 25x per day and spending an average of 40+ minutes per day (user <25) - may be interrupted. "
Breakthrough Research, Brian Wieser.
"The expectation of the snap is poor positive for third quarter 2017 results versus forecasts, well with revenues, and the absence of confidence that the responsible source of performance is pure positive for the business.After these consequences, some of the below-our-financial model adjustments With, our new value target is $ 8 per share at the end of one year at 2017 basis, which is 9 dollars East, which we will go to the rate of selling of the stock. Continues to keep re. "
Credit Suisse, Stephen Joo.
"We believe that Programmatic Impression Mix means up to 100% and revenue is more than 50% through auction, which should move towards pricing, as the company continues to add
advertisers and pressurize the auction.
Therefore, we do not consider our investment thesis as impaired, but rather we hope that we move forward slowly. And in the meantime, we adopt a more conservative approach on our assumptions as we reduce the average revenue per user (primarily) in the North America, along with the expectations of our daily active user development - our value target is back by making the last $ 20 $ 17 vs. and we keep it up to our better performance ".
Barclays, Ross Sandler.
"Since the IPO, we have been on snap at different times, but as stocks continue to decline, our optimism is increasing. The company is tightening the message, but the speed of user and advertising growth is in the financial year 2018 Not enough to support 12 times in revenue. Most of the transition from auction to auction is behind the snap, so the trends should proceed furtherly. Our revenue and daily active user estimates have been reduced, our goal is now $ 11. "
Cone & Co., John Blackledge.
"We deducted the fourth quarter 2017 and total 2017-2022 estimates, the estimation changes, our price target goes up to $ 14 before $ 12, we maintain our market performance."
So friends Do you like this post?
Comment please.
Created by Mohammad Afsar.
Copyright 2017. All right reserved.
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