Facebook (FB) PT Maintained at $215 at Jefferies on 1Q Beat; 'Upside Outweighs Downside Given Continued Fundamental Execution & Growth'

Facebook (FB) PT Raised to $225 at Aegis Capital

April 26, 2018 8:55 AM EDT

Aegis Capital raised its price target on Facebook (NASDAQ: FB) to $225.00 (from $215.00) while maintaining a Buy rating.

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Facebook (FB) PT Raised to $210 at Morgan Stanley on 1Q Beat; 'Industry-Leading ROI & Innovation Driving Outsized Advertising/FCF Growth'

April 26, 2018 8:41 AM EDT

Morgan Stanley raised its price target on Facebook (NASDAQ: FB) to $210.00 (from $200.00) while maintaining a Overweight rating, following the company's first quarter earnings report.

Analyst Brian Nowak notes an upbeat outlook on the shares, as FB reported 2018 first quarter earnings per share and... More

Facebook (FB) PT Lowered to $212 at UBS

April 26, 2018 8:19 AM EDT

UBS lowered its price target on Facebook (NASDAQ: FB) to $212.00 (from $214.00) while maintaining a Buy rating.

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Facebook (FB) PT Raised to $205 at Deutsche Bank

April 26, 2018 7:56 AM EDT

Deutsche Bank raised its price target on Facebook (NASDAQ: FB) to $205.00 (from $200.00) while maintaining a Buy rating.

Analyst Llyod Walmsley commented, "We feel better about Facebook shares coming out of 1Q earnings, particularly with regards to the implications of GDPR to ad revenue. The company... More

Facebook (FB) PT Raised to $225 at Monness, Crespi, Hardt

April 26, 2018 7:50 AM EDT

Monness, Crespi, Hardt raised its price target on Facebook (NASDAQ: FB) to $225.00 (from $200.00) while maintaining a Buy rating.

Analyst Brian White commented, "After more than a month of the Cambridge Analytica fiasco hanging over Facebooks stock, this was the markets first... More

Facebook (FB) PT Maintained at $245 at KeyBanc on 1Q Beat; 'Recommend Buying FB... Strong Advertiser Demand Drives Excellent 1Q Results'

April 26, 2018 7:47 AM EDT

KeyBanc maintained its price target on Facebook (NASDAQ: FB) at $245.00 while maintaining a Overweight rating, following the company's first quarter earnings report.

Analyst Andy Hargreaves notes an upbeat outlook on the shares, as FB reported 2018 first quarter earnings per share and revenues above... More

Facebook (FB) PT Raised to $225 at Goldman Sachs on 1Q Beat; 'Total Ad Revenue Exceeded Consensus'

April 26, 2018 7:29 AM EDT

Goldman Sachs raised its price target on Facebook (NASDAQ: FB) to $225.00 (from $205.00) while maintaining a Buy rating, following the company's first quarter earnings report.

Analyst Heather Bellini notes an upbeat outlook on the shares, as FB reported 2018 first quarter earnings per share and... More

Macquarie Remains Bullish on Facebook (FB) Following Solid 1Q

April 26, 2018 7:21 AM EDT

Macquarie reiterated an Outperform rating and $200.00 price target on Facebook (NASDAQ: FB) following the company's 1Q earnings release. Despite relentlessly negative headlines related to privacy/data/targeting, FB posted a very strong quarter, with revenue and margin upside. 1Q revenues and EPS were 4.7% and $0.16 above... More

Facebook (FB) PT Raised to $275 at Wedbush

April 26, 2018 6:42 AM EDT

Wedbush raised its price target on Facebook (NASDAQ: FB) to $275.00 (from $260.00) while maintaining a Outperform rating.

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Facebook (FB) PT Raised to $175 at Stifel on 1Q Bear; 'Strong Results... Lingering User, Engagement & Regulatory Concerns'

April 26, 2018 6:29 AM EDT

Stifel raised its price target on Facebook (NASDAQ: FB) to $175.00 (from $168.00) while maintaining a Hold rating, following the company's first quarter earnings report.

Analyst Scott Devitt notes an upbeat outlook on the shares, as FB reported 2018 first quarter earnings per share and revenues above... More

Facebook (FB) PT Raised to $255 at Mizuho Securities on 1Q Report; 'Strong Execution Despite Managing Data Concerns'

April 26, 2018 6:27 AM EDT

Mizuho Securities raised its price target on Facebook (NASDAQ: FB) to $255.00 (from $250.00) while maintaining a Buy rating, following the company's first quarter earnings report.

Analyst James Lee notes an upbeat outlook on the shares, as FB reported 2018 first quarter earnings per share and... More

Facebook (FB) PT Lowered to $190 at Barclays

April 26, 2018 4:14 AM EDT

Barclays lowered its price target on Facebook (NASDAQ: FB) to $190.00 (from $225.00) while maintaining a Overweight rating.

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Facebook (FB) PT Raised to $255 at Mizuho Securities

April 26, 2018 4:08 AM EDT

Mizuho Securities raised its price target on Facebook (NASDAQ: FB) to $255.00 (from $250.00) while maintaining a Buy rating.

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Facebook (FB) PT Raised to $230 at SunTrust Robinson Humphrey

April 26, 2018 1:30 AM EDT

SunTrust Robinson Humphrey raised its price target on Facebook (NASDAQ: FB) to $230.00 (from $225.00) while maintaining a Buy rating.

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Facebook (FB) PT Raised to $175 at Stifel

April 26, 2018 1:15 AM EDT

Stifel raised its price target on Facebook (NASDAQ: FB) to $175.00 (from $168.00) while maintaining a Hold rating.

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AT&T profit misses Wall Street forecasts as pay-TV business lags

April 25, 2018 4:35 PM EDT

By Sheila Dang and Pushkala Aripaka

(Reuters) - AT&T Inc (NYSE: T) reported lower-than-expected quarterly profit on Wednesday as the No. 2 U.S. wireless carrier lost subscribers from its pay TV business, sending its shares down more than 3 percent after the close of trading.

The company has been relying on promotions and discounts to stabilize its wireless and pay-TV subscriber numbers, which have taken a toll on its margins, New Street Research analyst Jonathan Chaplin said in an interview.

AT&T is fighting the U.S Department of Justice in... More

Facebook's rise in profits, users shows resilience after scandals

April 25, 2018 4:12 PM EDT

By David Ingram and Munsif Vengattil

(Reuters) - Facebook Inc (NASDAQ: FB) shares rose on Wednesday after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data.

After easily beating Wall Street expectations, shares traded up 7.1 percent after the bell at $171, paring a month-long decline that began with Facebook's disclosure in March that consultancy Cambridge Analytica had harvested data belonging to millions of users.

The Cambridge Analytica scandal, affecting... More

Facebook (FB) Raises Buyback by $9 Billion

April 25, 2018 4:08 PM EDT

With earnings, Facebook (NASDAQ: FB) said it increased the amount authorized under our share repurchase program by an additional $9.0 billion. Our board of directors originally authorized repurchases of up to $6.0 billion of our Class A common stock under the repurchase program, and this increase is incremental to the original authorization.

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Facebook (FB) Tops Q1 EPS by 34c, Revenues Beat

April 25, 2018 4:05 PM EDT

Facebook (NASDAQ: FB) reported Q1 EPS of $1.69, $0.34 better than the analyst estimate of $1.35. Revenue for the quarter came in at $11.97 billion versus the consensus estimate of $11.41 billion.

"Despite facing important challenges, our community and business are off to a strong start in 2018," said Mark Zuckerberg, Facebook founder and CEO. "We are taking a broader... More

Facebook (FB) Setup Doesn't Feel Good - Lynx Equity

April 25, 2018 2:26 PM EDT

Facebook (NASDAQ: FB) set up doesn't feel good to Lynx Equity analyst Jahanara Nissar following conversations with the buyside. The analyst says investors remain long the equity in a bigger way than most may realize.

Nissar says the numbers from FB... More

Amazon (AMZN), Netflix (NFLX) Are Worst Performing FAANG Stocks Today

April 25, 2018 10:23 AM EDT

So-called FAANG stocks struggled for a second session Wednesday, with notable weakness in Amazon and Netflix.

Facebook (NASDAQ: FB) declined 1.8%Apple (NASDAQ: AAPL) gained 0.25%Amazon (NASDAQ: AMZN) dropped 3%Netflix, Inc. (NASDAQ: NFLX) declined 4.6%Alphabet (NASDAQ: GOOGL) declined 0.4%
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WhatsApp raises minimum age in Europe to 16 ahead of data law change

April 24, 2018 1:19 PM EDT

By Paul Sandle

LONDON (Reuters) - WhatsApp, the popular messaging service owned by Facebook Inc (NASDAQ: FB), is raising its minimum age from 13 to 16 in Europe to help it comply with new data privacy rules coming into force next month.

WhatsApp will ask European users to confirm they are at least 16 years old when they are prompted to agree new terms of service and a privacy policy provided by a new WhatsApp Ireland Ltd entity in the next few weeks.

It is not clear how or if the age... More

YouTube deletes 5 million videos for content violation

April 24, 2018 12:44 PM EDT

By Paresh Dave

SAN FRANCISCO (Reuters) - YouTube, owned by Alphabet Inc's Google (NASDAQ: GOOGL), deleted about 5 million videos from its platform for content policy violations in last year's fourth quarter before any viewers saw them, it said in a new report that highlighted its response to pressure to better police its online community.

YouTube has been criticized by governments that say it does not do enough to remove extremist content, and by advertisers, such as Procter & Gamble Co (NYSE: PG) and Under Armour Inc... More

Facebook (FB)

April 24, 2018 10:56 AM EDT

Facebook (NASDAQ: FB) April weekly call option implied volatility is at 77, May is at 38; compared to its 52-week range of 16 to 43 into the expected release of Q1 results after the market close on April 25.

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FAANG Stocks Decline

April 24, 2018 10:36 AM EDT

The so-called FAANG stocks declined Tuesday morning.

Facebook (NASDAQ: FB) down 1.5%Amazon (NASDAQ: AMZN) down 1.7%Apple (NASDAQ: AAPL) down 0.8%Netflix, Inc. (NASDAQ: NFLX) down 2.15%Alphabet (NASDAQ: GOOGL) down 3.5%

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Salesforce announces $2.2 billion French investment as Macron meets Trump

April 24, 2018 9:29 AM EDT

PARIS (Reuters) - U.S. software company Salesforce (NYSE: CRM) will invest more than $2.2 billion in its French business over the next five years, it said on Tuesday, in another sign of America Inc's new love affair with France since President Emmanuel Macron's election.

The investment comes as Macron began a state visit to Washington, becoming the... More

Wall Street slides as high bond yields fan cost worries

April 24, 2018 8:09 AM EDT

By Stephen Culp

NEW YORK (Reuters) - Wall Street dropped sharply on Tuesday as warnings by bellwether companies of higher costs reverberated as the benchmark U.S. 10-year Treasury yield pierced the 3 percent level for the first time in four years.

Caterpillar, an industrial heavyweight, tumbled 6.20 percent after management said first-quarter earnings would be the "high water mark" for the year and warned of increasing steel prices, although the company beat earnings estimates due to strong global demand.

The S&P 500 and the Dow fell the most in two-and-a-half weeks, and the Dow Jones... More

Facebook (FB) option implied volatility elevated into EPS and outlook

April 24, 2018 6:31 AM EDT

Facebook (NASDAQ: FB) April weekly call option implied volatility is at 73, May is at 38; compared to its 52-week range of 16 to 43 into the expected release of Q1 results after the market close on April 25.

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EU fines Altice $153 million for closing PT Portugal deal early

April 24, 2018 6:15 AM EDT

By Foo Yun Chee

BRUSSELS (Reuters) - The European Commission said on Tuesday it had fined French telecoms group Altice 125 million euros ($153 million) for closing its 2015 takeover of PT Portugal before it had gained regulatory approval.

The European antitrust enforcer said such gun jumping practices undermine its system for scrutinizing mergers. The sanction does not affect its approval of the deal.

... More

Facebook releases long-secret rules on how it polices the service

April 24, 2018 5:07 AM EDT

By David Ingram

MENLO PARK, Calif. (Reuters) - Facebook Inc (NASDAQ: FB) on Tuesday released a rule book for the types of posts it allows on its social network, giving far more detail than ever before on what is permitted on subjects ranging from drug use and sex work to bullying, hate speech and inciting violence.

Facebook for years has had "community standards" for what people can post. But only a relatively brief and general version was publicly available, while it had a far more detailed internal document to decide when individual posts... More