Facebook Inc (FB) Reports Third Quarter 2015 Financial Results
Facebook, Inc. (NASDAQ:FB) reported financial results for the quarter ended September 30, 2015.
“We had a good quarter and got a lot done,” said Mark Zuckerberg, Facebook founder and CEO. “We’re focused on innovating and investing for the long term to serve our community and connect the entire world.”
Third Quarter 2015 Operational Highlights
- Daily active users (DAUs) – DAUs were 1.01 billion on average for September 2015, an increase of 17% year-over-year.
- Mobile DAUs – Mobile DAUs were 894 million on average for September 2015, an increase of 27% year-over-year.
- Monthly active users (MAUs) – MAUs were 1.55 billion as of September 30, 2015, an increase of 14% year-over-year.
- Mobile MAUs – Mobile MAUs were 1.39 billion as of September 30, 2015, an increase of 23% year-over-year.
Third Quarter 2015 Other Financial Highlights
- Mobile advertising revenue – Mobile advertising revenue represented approximately 78% of advertising revenue for the third quarter of 2015, up from 66% of advertising revenue in the third quarter of 2014.
- Capital expenditures – Capital expenditures for the third quarter of 2015 were $780 million.
- Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $15.83 billion at the end of the third quarter of 2015.
- Free cash flow – Free cash flow for the third quarter of 2015 was $1.41 billion. (Original Source)
Shares of Facebook are up 2.87% to $106.92 in after-hours trading. FB has a 1-year high of $105.12 and a 1-year low of $72. The stock’s 50-day moving average is $95.92 and its 200-day moving average is $89.02.
On the ratings front, Facebook has been the subject of a number of recent research reports. In a report released yesterday, Raymond James analyst Aaron Kessler maintained a Buy rating on FB, with a price target of $115, which represents a potential upside of 11.4% from where the stock is currently trading. Separately, on November 2, Cantor Fitzgerald’s Youssef Squali maintained a Buy rating on the stock and has a price target of $105.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Aaron Kessler and Youssef Squali have a total average return of 19.6% and 18.8% respectively. Kessler has a success rate of 61.7% and is ranked #78 out of 3824 analysts, while Squali has a success rate of 63.8% and is ranked #9.
Overall, 21 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $117.39 which is 13.8% above where the stock opened today.