Twitter Inc. (NYSE:TWTR) is celebrating its first anniversary as a public company, but there may not be much to celebrate about as the company has been a big disappointment. Its performance is seen in many quarters as being less stellar. CNBC’s Jim Cramer, on the other hand, remains optimistic that a turnaround could be in the offing, and should allow the stock to skyrocket in the months to come.
“I haven’t said today that I think a management change would take it back to $50-60. I don’t know when I am going to get to saying that, but I will probably get around to saying it, “said Mr. Cramer
It awaits to be seen if the company’s board will heed to Cramer’s advice and push for a management change as one of the ways of achieving a turnaround in the company’s performance. Twitter Inc. (NYSE:TWTR) has been an underperformer for the better part of the year and is down by 36% for the year. The stock has failed to sustain itself on the $40 trading mark having hit record highs of $73 .31 on December 26, 2013
CNBC’s Carl Quintanilla, on the other hand, believes it will be a tall order for Twitter Inc. (NYSE:TWTR) to sustain itself on the $40 trading mark having failed on previous attempts. Twitter Inc. (NYSE:TWTR) has not found a way to monetize its current user base seen as a probable solution to the declining sales gains.
The giant social network fell short of the rocket-ship growth that it was seen off in the run to its IPO in November of last year. A booming business on digital advertising segments continues to be seen as one of the positive attributes of the company’s performance one year down the lane.
Twitter’s investors continue to hold hope that the stock could enjoy upward movements going forward considering fierce rival Facebook Inc. (NASDAQ:FB) did not have the best of run immediately after going public. Facebook was down 31% on its first year as a public company but has since found its way soaring on the success of mobile-advertising business.
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