FB: Facebook adds to post-earnings gains, Argus ups shares to Buy

Facebook adds to post-earnings gains, Argus ups shares to Buy • 10:10 AM

• Even though it quickly gave back the big AH gains it initially saw following its Q3 beat, Facebook (FB +2.7%) is now up 6% post-earnings. Today's gains come with the help of an upgrade to Buy from Argus, which praises Facebook's strong mobile growth and improving engagement.
• Argus downgraded Facebook to Hold on July 26, shortly after the company's Q2 beat. Shares traded at $34 at the time.
• JPMorgan joined the list of Facebook bulls defending the company yesterday; the firm argues rising advertiser interest in Facebook will allow the company to grow its news feed ad revenue via higher prices, even as ad load flattens.
• Since the Q3 report, Facebook's 2014 EPS consensus has risen to $1.11 from $0.99. That still leaves the social networking kingpin trading at 43x 2014E EPS exc. cash.
• Yesterday's sell-side commentary

Read comments

FB price at time of publication: $51.39. Check FB price now »

Get Seeking Alpha notifications with our iPhone App | Android App | iPad App

Focus Articles on FB

• Sell Facebook: Eerie Comparisons To Yahoo, Circa 2007 by Nathan Brooks
• Cramer's Mad Money - Expedia Is In The Promised Land Of Travel (10/31/13) by SA Editor Miriam Metzinger
• Why Did Facebook Investors Get Scared? by Jacob Steinberg

Press Releases on FB

• Facebook Reports Third Quarter 2013 Results (PR Newswire)
• Facebook to Announce Third Quarter 2013 Results (PR Newswire)
• Technology leaders launch partnership to make internet access available to all (PR Newswire)

Related Articles on FB

• Halloween Stock Monsters by Bill Luby
• BlackBerry Is A Good Short-Term Bet: Facebook Might Buy It by Leah Frakes
• What Will Drive Google Forward? by Fusion Research

StockTalk on FB: FB StockTalk | Twitter FB | Twitter $FB | FB Instablogs

Recent Market Alerts on FB: All currents | Earnings | Dividends | M&A | On the move

Transcripts on FB

• Facebook's CEO Discusses Q3 2013 Results - Earnings Call Transcript
• Facebook Inc. (FB) CEO Discusses Q2 2013 Results - Earnings Call Transcript
• Facebook Inc (FB) Management Discusses Q2 2013 Results (Webcast) by SA Transcripts

---

Why are you receiving this? You subscribed to real-time Market Currents alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.

Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following FB: unsubscribe from all FB email alerts
This type of alert isn't helpful to me: unsubscribe from Market Currents (breaking news) alerts on FB

To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.

Prices in this email are BATS Last Sale quotes.

Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001