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Shutterstock Stock Shudders After Big Earnings Decline


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.

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Source: Fool.com

Shutterstock Inc. Stock

€39.26
1.920%
There is an upward development for Shutterstock Inc. compared to yesterday, with an increase of €0.74 (1.920%).
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Shutterstock Inc..
As a result the target price of 60 € shows a very positive potential of 52.83% compared to the current price of 39.26 € for Shutterstock Inc..
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