Solid quarter but Q3 guidance falls short
Q2 EBITDA was in line with expectations on a modest revenue beat, but MAU growth fell short and the Q3 guidance also disappointed. Having delivered five quarters of accelerating revenue growth the outlook could raise questions as to whether this is as good as it gets, leaving the stock vulnerable given its recent significant appreciation.Twitter provides products and services for people, organizations, advertisers, developers and platform and data partners. The company's product, Twitter, is a global platform for public self-expression and conversation in real time. The company's mobile application, Periscope, lets anyone broadcast and watch video live with others. The company's products and services for advertisers include Promoted Products such as Promoted Tweets, Promoted Accounts, and Promoted Trends. The company's products for developers and data partners provide tools and public application programming interfaces to build applications and other products that utilize Twitter data and syndicate and distribute Twitter content across their properties.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
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