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News Breaks
January 2, 2013
10:09 EDTFBAnalysts getting positive on Facebook shares into 2013
Facebook (FB) shares are surging today with the overall market after two analysts released upbeat notes about the company. JP Morgan analyst Doug Anmuth expects the social network's ad revenue to accelerate at least through the current quarter, and he increased his estimates for the company's 2013 and 2014 ad revenue by 6%-7%. Companies have been pleased with the results they have obtained from their ads on Facebook, wrote the analyst, adding that Wal-Mart (WMT) appears to have significantly increased its spending on the platform. Anumth increased his estimates for Facebook and raised his price target on the shares to $35 from $29 while maintaining an Overweight rating on the name. Also upbeat on the stock was William Blair analyst Ralph Schackart. Facebook Exchange - a new ad product which enables advertisers to target users based on their browsing histories - should be beneficial to the company's business over the long term, the analyst wrote. Moreover, after meeting with ad agencies and marketers, Schackart believes that Facebook ad prices could potentially jump by 300%. The analyst maintained an Outperform rating on the shares. In early trading, Facebook rose $1.05, or 3.95%, to $27.67.
News For FB From The Last 14 Days
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September 24, 2015
13:46 EDTFBNetflix says working on app with Facebook's Oculus
Anthony Park, VP of Engineering at Netflix said in a blog post, "We've been working with Oculus to develop a Netflix app for Samsung Gear VR. The app includes a Netflix Living Room, allowing members to get the Netflix experience from the comfort of a virtual couch, wherever they bring their Gear VR headset. It's available to Oculus users today." Reference Link
13:44 EDTFBOculus says bringing Netflix, Huly to GearVR, company says in tweet
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13:03 EDTFBEU investigates internet firms' online practices, Reuters reports
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09:32 EDTFBActive equity options trading on open
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08:51 EDTFBCiti cuts Twitter estimates below consensus, drops target to $30
Citi analyst Mark May says his analysis indicates the consensus estimates for Twitter (TWTR) may be too high as they assume "meaningful increases" in monetization which he believes may prove difficult to realize. May cut his 2015, 2016 and 2017 earnings per share estimates for Twitter to 30c, 34c and 58c, respectively, well below the consensus estimates of 34c, 63c, and $1.03. He also cut his 2016 revenue estimate to 3% below the consensus. It will be difficult for the stock to achieve sustained multiple expansion until user growth accelerates and/or revenue growth stabilizes, May tells investors in a research note. He moved the stock to Citi's "High Risk" designation given Twitter's recent user trends and his belief that his estimates are unlikely to move up in the near-term. He keeps a Neutral rating on the name. May's top picks among U.S. Internet stocks remain Facebook (FB), (AMZN) and eBay (EBAY).
07:24 EDTFBWPP CEO: Google needs to weed out 'fake' online ad views, FT reports
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06:59 EDTFBFacebook and Google more 'Yelp-like' than ever, says Northland
Northland analyst Darren Aftahi says Facebook (FB), Google (GOOG, GOOGL) and (AMZN) have recently added new features that focus on improved local search as well as tools enabling easier business-consumer communication. Facebook and Google are now more "Yelp-like" than ever, Aftahi tells investors in a research note. And while Apple's (AAPL) new "swipe right" feature could drive a near-term surge in Yelp (YELP) app downloads, it may translate into lower engagement on the Yelp app over longer term, the analyst argues. He remains cautious on Yelp's growth prospects and cut his price target for the stock to $17.75 from $21.50. Shares of the local business review site closed yesterday down 25c to $23.10. Aftahi has an Underperform rating on the stock, his firm's equivalent of a sell.
06:32 EDTFB360-degree video should boost GoPro sales, says JPMorgan
JPMorgan analyst Paul Coster believes GoPro (GPRO) has first-mover advantage in the creation of high-quality, low-cost 360-degree content after being named the exclusive spherical content provider for Facebook's (FB) News Feed. Coster is "still reeling from the experience" of riding yesterday via Facebook with Ronnie Renner across the dunes of Idaho. The launch of 360-degree content on Facebook's News Feed should spur sales of GoPro's hardware and give momentum to the company's media and entertainment initiatives, Coster tells investors in a research note. The analyst keeps an Overweight rating on the action camera maker with a $75 price target. The stock closed yesterday down 67c to $32.64.
September 23, 2015
16:00 EDTFBOptions Update; September 23, 2015
iPath S&P 500 VIX Short-Term Futures down 53c to 23.81 Option volume leaders: AAPL NFLX BAC FB BABA DOW RIG MU FCX PBR XOM JPM
13:33 EDTFBFacebook introduces 360 video
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13:10 EDTFBGoPro launches 360-degree videos on Facebook
GoPro (GPRO) announces it is bringing "immersive, spherical videos" to Facebook's (FB) News Feed. Beginning today, people on Facebook can experience GoPro 360-degree video directly through their web browser or Android mobile device, the action camera maker said in a press release. In the coming weeks, GoPro will launch additional 360-degree content on Facebook, it added. Shares of the action camera maker are up 10c to $33.41 in afternoon trading.
06:36 EDTFBFacebook unveils new 'Click to message' ad-type, Business Insider reports
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September 22, 2015
17:13 EDTFBFacebook's Instagram surpasses 400M users
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16:00 EDTFBOptions Update; September 22, 2015
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15:52 EDTFBThe Washington Post to send 100% of stories to Facebook Instant Articles
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06:33 EDTFBFacebook user data rules have ripple effects, WSJ reports
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September 21, 2015
14:40 EDTFBiPath S&P 500 VIX Short-Term Futures down 90c to 23.79
Option volume leaders: AAPL NFLX BAC FB BABA DOW TSLA
10:55 EDTFBBelgian watchdog: Court shouldn't be be intimidated by Facebook, Bloomberg says
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09:40 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL BAC ESV BABA FB NFLX TSLA TWTR GE GPRO JPM ONVO MU
06:24 EDTFBEU's web rules won't discriminate against U.S. tech companies, WSJ reports
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