Is Facebook The New Large Cap Growth Tech Stock?
by Bill Maurer
On Wednesday, social media giant Facebook (FB) reported its fourth quarter and fiscal 2012 earnings. Facebook handily beat analyst estimates for the quarter, which had come up a bit in recent months to begin with. Shares declined on the news after the company detailed plans to increase capital expenditures in 2013. After such a strong rally, the decline was not a total surprise in my opinion. Today, I'll cover the fourth quarter results, and then give a few scenarios for Facebook in 2013. If Facebook can hit its marks, I would not be surprised to see this stock back above its IPO price, and don't think $40 is out of the question. Facebook may now be the new large cap growth tech stock to own. The first part of my article will cover Facebook's Q4 results. read more »
More on FB
Facebook's Revitalized Ad Growth And Expansion Efforts Highlighted In Earnings by Trefis
Facebook Earnings: Some Key Concerns Remain Despite Solid Revenue Growth by Dividend Pros
Facebook's Revenue Per User In North America Is Now 3-4X Europe And Nearly 6X Asia by TechCrunch
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