After reaching an important support level, Snap Inc. (SNAP) could be a good stock pick from a technical perspective. SNAP recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and ...

Shares of the social media stock pulled back on a convertible-debt offering.Shares of Snap (SNAP -2.22%) were pulling back after the company announced a debt offering. Investors seemed to balk at the move, which came after Snap delivered surprisingly strong first-quarter results, as it shows the social media company still hasn't reached the point where it can fund its own growth.As a result, the stock was down 2.1% as of 1:13 p.m. ET. Snap goes further into debtIn a press release this morning, Snap said tha ...

Investors cheered the company's fastest growth in two years.Shares of social media app Snap (SNAP 2.62%) were up 31.1% in April, according to data provided by S&P Global Market Intelligence. It was a quiet month, with shares trading flat until April 25. But then the company reported financial results, and the stock exploded higher.Snap reported financial results for the first quarter of 2024, showing 21% year-over-year top-line growth, which was its best growth in two years. Analysts widely praised the Q1 r ...

Recently, I predicted that April 25 would be a make-or-break day for Snap (NYSE:SNAP), the owner of the photo-messaging app Snapchat. It was a “make” day and not a “break” day. All signs point to rapid growth for Snap, and the only people who should be worried now are the Snap stock short-sellers.The sentiment on Snap was bearish in February. The company announced layoff plans for 10% of its global workforce and expected a deep adjusted EBITDA loss in 2024’s first quarter.SNAP stock snapped like a broken tr ...

Headwinds are turning into tailwinds for this social media mainstay.Snap Inc. (SNAP 3.87%) is the parent company of social media platform Snapchat, and its stock is trading 82% below its all-time high, which was set in 2021. A couple of things happened. Valuations in the technology sector cooled off when the Nasdaq-100 plunged 33% in 2022, and soaring interest rates triggered a slowdown in the advertising industry.However, Snap stock soared almost 28% last Friday following the release of an overwhelmingly p ...

champpixs One of the lesser-watched social media companies can be found in SNAP Inc. (NYSE:SNAP) but recent earnings surprises could put this stock back on the radar for technology investors in coming sessions. Most of the recent optimism has been fueled by better-than-expected earnings figures for the first-quarter period, and the initial market reaction to this information has helped to propel share prices higher by nearly 30% (marking the best single-session gains since 2022). For the period, Snap report ...

Have you assessed how the international operations of Snap (SNAP) performed in the quarter ended March 2024? For this company behind Snapchat, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investors ...

Snap财报亮点 - Snap在2024年第一季度录得3美分的意外盈利，超出了预期的亏损3美分，超出了29美分的共识估计[1] - 每日活跃用户（DAUs）同比增长10％，达到4.22亿，Snapchat+高级会员数量增至超过900万订户[1] - Snap将2024年第二季度的营收指导提高至12.25亿美元至12.55亿美元，高于12.2亿美元的共识估计，DAU预计将达到4.31亿[1] Snap财务表现 - Snap在Q1 2024的非GAAP每股收益为3美分，超出了预期的亏损26美分，超出了29美分的估计。净亏损仍为3.05亿美元，而去年同期为3.29亿美元[7] - 营收同比增长21％，达到12亿美元，超出了1.12亿美元的共识估计[8] - 北美地区的营收同比增长16％，环比增长14个百分点。由于中东冲突的不利影响，ROW和欧洲地区增长速度更快[9] Snap广告业务和用户增长 - 广告收入同比增长16％，达到11.1亿美元。Snap一直在谈论重组其广告平台，而投资者对借口感到厌倦。这一季度的累积效应体现在总调整后成本的同比增长31％[12] - Snapchat+订户同比增长三倍，达到900万订户。持续投资于生成式AI模型和自动化，以创建ML和AI镜头，使AI镜头的浏览量同比增长超过50％。Snap还在Lens Studio中实施了一个新的AI助手，以回答开发者的问题并指导开发者通过教程更轻松地构建镜头[17] - 每日活跃用户（DAUs）同比增长10％，达到4.22亿，比分析师估计高出100万用户。DAU被解释为在定义的24小时内打开Snapchat应用程序一次或多次的注册用户。平均DAUs的计算方法是每天的总DAUs除以季度的天数[18]

A view of the atmosphere during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California.Snap shares surged 28% on Friday after the company surprised Wall Street by showing a profit and reported sales and user numbers that exceeded analysts' estimates.The stock climbed $3.15 to close at $14.55, its biggest percentage gain since 2022. Even after the rally, the stock is down 14% for the year due to a 31% plunge in February. Revenue in the first quarter increased 21% to $1.19 ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...