If the stock only moves 7-8% on these earnings the market makers are making $$$s on their option sales.
Solid earnings for sure.
If Q1 2025 guide of 24B and 75% GM is annualized they are trading at FCF of ~30. Cheap compared to other faang.
I belive their revenue and margins both get cut in half some point over the next two years. Putting it at around a 120x FCF multiple. At one point we get there and if q4/Q1 is the top, TBD.
Straddle options where priced at 11% into close.
If the stock only moves 7-8% on these earnings the market makers are making $$$s on their option sales.
Solid earnings for sure.
If Q1 2025 guide of 24B and 75% GM is annualized they are trading at FCF of ~30. Cheap compared to other faang.
I belive their revenue and margins both get cut in half some point over the next two years. Putting it at around a 120x FCF multiple. At one point we get there and if q4/Q1 is the top, TBD.