Facebook’s Data Breach Fiasco Is An Opportunity To Buy

Creator of CryptoMettle.com and Individual/Private investor • Mar 21, 2018 at 2:47 PM EDT

Shares of Facebook are down nearly 8% following the recent data breach debacle. Some investors have rushed to reduce their stake in the social networking giant, but should you be adding your stake instead?

Shares of Facebook, Inc. (NASDAQ:FB) are down following the recent data debacle. The company has lost nearly 40% of market value or about 7%. This might seem to be a good opportunity to sell for those looking to take off before the ship sinks, but to the contrary, shrewd investors would be looking to add to their positions.

The ongoing events have no doubt affected the stock price, but the question is whether this will continue into the foreseeable future.The company's revenues and net income have grown consistently over the last several quarters and look certain to maintain this trend. Analysts believe that once the impact of the bad press the company has received over the last few days fades, then Facebook’s stock price will recoup the losses.

This article appeared first on CAGR Value.

Disclosure: I have no position in Facebook, Inc. (NASDAQ:FB) stock.

Disclosure:

The material appearing on this article is based on data and information from sources I believe to be accurate and reliable. However, the material is not guaranteed as to accuracy nor does it purport to be complete. Opinions and projections, both my own and those of others, reflect views as of dates indicated and are subject to change without notice. The contributions and opinions of others do not necessarily reflect the views of Maithya Kitonyi. Nothing appearing on this article should be considered a recommendation to buy or to sell any security or related financial instrument. Investors should discuss any investment with their personal investment counsel. Past performance does not guarantee future results.

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