Facebook Seen In Strong Position To Maintain Internet Ad Dominance

| October 10, 2016

Facebook Seen In Strong Position To Maintain Internet Ad Dominance
Needham analyst Laura Martin raised her Q3 revenue and non-GAAP earnings estimates by 5%, to $6.85 billion and 97 cents. She maintained a buy rating and price target of 150 on Facebook stock.

Facebook recently disclosed it now has 4 million advertisers, up from 3 million a mere five months ago.

Facebook is set to report Q3 earnings after the market close Nov. 2. The consensus is revenue of $6.9 billion up 53% year over year, maintaining a string of double-digit growth going back more than four years. Analysts polled by Thomson Reuters expect earnings per share minus items to rise 68%, to 96 cents.

Facebook stock fell a fraction, to 128.88, in the stock market today. Facebook hit a new high of 131.98 on Sept. 7, and it broke out of a flat base at a 128.43 buy point on Sept. 6, though shares haven't done much since then.

IBD'S TAKE: Investors should focus on buying leading stocks in an industry group. Among social networks, there's no doubt that Facebook is a leader, with an IBD Composite Rating of 99, the highest possible. It's also an IBD Leaderboard stock. Facebook is holding above its 50-day moving average but hasn't made much progress after a breakout at 128.43 last month.

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Email marketing is one of the most effective marketing tools for many businesses. There are many ways that email can be deployed and we have decided to make a little summary of ideas on how can you use email in your marketing.


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Email marketing is one of the most effective marketing tools for many businesses. There are many ways that email can be deployed and we have decided to make a little summary of ideas on how can you use email in your marketing.

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