Pinterest said on Thursday it would pay Amazon Web Services $4 billion for using its cloud services through 2031.
While the Magnificent Seven trade at forward multiples that demand near-flawless execution, a handful of profitable internet platforms have been left behind in the rotation.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Pinterest (PINS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Shares of Pinterest (NYSE:PINS | PINS Price Prediction) are down 6% in midday trading on Tuesday, changing hands near $18.75.
Zacks.com users have recently been watching Pinterest (PINS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Evaluate Pinterest's (PINS) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
Pinterest executed a $2B share buyback, retiring 109M shares at an average price of $18, reducing the share count by 16%. PINS timed buybacks aggressively and opportunistically, leveraging a $1B convertible debt deal with Elliott Management at favorable terms. Q1 results were strong: $1B revenue (+17% Y/Y), 11% MAU growth to 631M, and continued conservative guidance outperformance.
A blowout first-quarter performance from Pinterest NYSE: PINS has sent shares up almost 8%, signaling that the company's multi-year transition from a digital discovery tool to a commercial shopping platform is gaining traction. Pinterest posted strong top-line growth and a solid beat on profitability estimates, underpinned by record user engagement and the maturation of its artificial intelligence (AI) driven advertising technology.
PINS tops Q1 estimates as AI-driven ads and advertiser demand lift revenue 18% and users to 631M, while Performance+ adoption and margins gain.