SNAP stock also returned to profitability following an iOS advertising change by Apple (NASDAQ: AAPL), which Snap had to navigate. Not only that, the $161 million amount is more than triple the prior quarter’s FCF of around $52 million.
Snap stock free#
Among the highlights, as InvestorPlace’s Mark Hake notes, SNAP delivered an impressive second straight quarter of free cash flow (FCF). Snap’s fourth quarter (Q4) showed all-around solid operating results for the company.
But I would be disappointed if you’re not considering Snapchat’s SNAP stock in your portfolio following early February’s earnings report. If you’re of a certain age or demographic that fits in the Millennial or Gen Z spectrum, there is a solid chance Snapchat is part of your daily routine. is the parent company behind the camera-driven, mobile-based, “now you see it, now you don’t” social media platform Snapchat with the well-known ghost logo. It is about time for SNAP stock to reappear or make a first impression in your portfolio.
Whether this is a new bull cycle or simply a dead cat bounce, already we are seeing some pressure. In return, as the broader market rallied smartly out of its own modest but unnerving correction and taking most every stock along for the ride, Snap shares were a prime candidate for bargain-hunting. Since peaking in late September at $83.34, SNAP has lost as much as 70% as collateral damage in a pervasive risk-off rotation out of higher multiple growth narratives. That is roughly triple and even quadruple returns captured in the broader, large-cap market bellwethers. SNAP shares have gained north of 35% at their best over the past couple weeks. And the action hasn’t been lost on Snap Inc’s (NYSE: SNAP) SNAP stock. In recent weeks, however, buying risk assets no matter their size or reason for existing has been a wildly-favored trade. Investing in what you know is a popular strategy on Wall Street.
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