Shutterstock Stock Shudders After Big Earnings Decline
Companies have discovered that they have to have a digital presence in today's world in order to maximize their potential. Shutterstock (NYSE: SSTK) has sought to make the task of developing a digital presence easier, providing images, video, and other assets and tools to give its clients access to the resources they need to modernize the way they reach out to potential customers.
Coming into Wednesday's second-quarter financial report, Shutterstock investors were expecting to see signs of further revenue growth and discipline on the bottom line. Instead, sales growth fell short of expectations, and the company saw net income drop substantially, raising further doubts about Shutterstock's long-term future. Let's take a closer look at Shutterstock and what its latest results mean for its prospects going forward.
Image source: Shutterstock.
Source: Fool.com
Shutterstock Inc. Stock
Shutterstock Inc. is currently one of the favorites of our community with 10 Buy predictions and no Sell predictions.
With a target price of 60 € there is a hugely positive potential of 74.37% for Shutterstock Inc. compared to the current price of 34.41 €.
