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Snap Inc. (SNAP) operates as a camera company in the United States and internationally.
The company offers Snapchat, a camera application that helps people to communicate through short videos and images.
It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.
In addition, the company offers Snap Map, which brings to a live map of individual location, showing nearby friends, popular stories, and a heatmap of recent snaps posted; Memories that allows users to choose to save the Snaps they create in a searchable personal collection, and users to create Snaps and stories from their saved Snaps and camera roll; and Spectacles, a hardware product that connects with Snapchat and captures video from a human perspective.
On July 23rd, Snap (SNAP) reported a 2nd Quarter June 2019 loss of $0.08 per share on revenue of $388.0 million. The consensus estimate was a loss of $0.10 per share on revenue of $358.5 million. Revenue grew 48.0% on a year-over-year basis.
The company said it expects third quarter revenue of $410.0 million to $435.0 million. The current consensus revenue estimate is $398.4 million for the quarter ending September 30, 2019. Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $17.00
Trading Range: $4.82 to $18.36
Stop Loss: $16.10
Target Price: $18.70
SNAP closed at $14.65
