Square $SQ Earnings Beat But Lower Digital Sales Guidance

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  • #13336
    Super Harley
    Participant

    [article]375[/article]

    #13337
    Truman
    Participant

    Square has been a great success and one of convenience for all. Technology is impressive!

    #13347
    MoneyNeverSleeps
    Participant

    See them at venues all over now – fairs and festivals

    #13370
    ThePitBoss
    Participant

    Square Inc: $SQ Analyst Actions After Earnings:

    – Guggenheim raised to Buy from Neutral with $44 target.
    – Wedbush maintained Neutral rating and $37 target.
    – Citigroup downgraded to Neutral from Buy with $38 target

    #13418
    TradersCom
    Keymaster

    SQ Square Inc Cl A 39.21 +$1.25 on 3.29% on 142% increase in volume

    #13497
    Truman
    Participant

    Square has been a great success and one of convenience for all. Technology is impressive!

    #13498
    Truman
    Participant

    Square $SQ Add Bitcoin cryptocurrency Buying Option to Money-Transfer Service

    Square told website Tech Crunch late Tuesday that it’s letting Square Cash app users buy and sell Bitcoin via an exchange. Square Cash users cannot send the digital currency to other users of the money-transfer service

    Square is “in an early-mover position as a mainstream fintech company providing cryptocurrency services,” Credit Suisse analyst Paul Condra said in a note to clients.

    “We believe Square is aggregating the bitcoin of its users rather than creating individual private bitcoin addresses per user. This is similar to how the popular app Coinbase works. ” Condra said.

    As of November, Coinbase reported having almost 12 million users, up from 7 million in June. Coinbase charges roughly 1.5% per bitcoin purchase.

    Square Cash lets users send money to friends or family members via emails. Square Cash competes with Apple’s (AAPL) new person-to-person payment service and PayPal Holding’s (PYPL) Venmo service. Normally Square Cash users link a bank or credit card account to the smartphone app.

    Square Inc NYSE: SQ · November 15, 1:04 PM EST 40.45 ▲ 0.71 (1.79%)

    #13529
    TradersCom
    Keymaster

    [tweet]931271129532166154[/tweet]

    #15672
    ThePitBoss
    Participant

    Great chart from @gotsanctuary for one of our favorite stocks $SQ

    GotSanctuary @GotSanctuary

    You’re so square, baby I don’t care

    #18249
    ThePitBoss
    Participant

    Square Inc.$SQ was reiterated as a Buy AND target price was raised to $100 from $76 at Stifel.
    The 52-week range is $27.21 to $92.92

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