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Eyes on redesign, user growth in Snap's upcoming earnings

Published 02/06/2018, 03:05 PM
© Reuters.  Eyes on redesign, user growth in Snap's upcoming earnings
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  • Snap (SNAP +1%) reports earnings after the close with an eye on the company's recent redesign, and whether it can show it's making up ground against Instagram.
  • Options are pointing to a double-digit move in the shares, with $15 puts and calls the most widely held options. (The stock's at $14.00 even at the moment.)
  • Needham's Laura Martin notes the company is "priced for perfection," meaning heavy downside on a miss, as happened in Q3.
  • As for the redesign, Summit's Jonathan Kees notes reviews "have been poor to downright harsh."
  • Eyes will be on expectations that Snap added 6M users to reach 184M (16% Y/Y growth).
  • Now read: Snap: Company Not Making My Buy List (Yet)


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