Is The Trade Desk Stock a Buy Now?
Shares of The Trade Desk (NASDAQ: TTD) got clobbered following the release of the company's fourth-quarter results on Feb. 12, dropping by a whopping 33% during the following trading session.
The programmatic advertising platform provider missed its own revenue guidance, and investors weren't impressed with its guidance for the current quarter either. Let's look at the factors that are weighing on The Trade Desk and consider whether the stock's plunge has created an opportunity for savvy investors.
Acknowledging The Trade Desk's first revenue miss in its 33 quarters as a public company, CEO Jeff Green pointed out that "a series of small execution missteps" weighed on its performance last quarter. On the earnings conference call, he elaborated:
Source Fool.com
