NEW YORK (TheStreet) -- Shares of Facebook Inc. (FB - Get Report) are down slightly in pre-market trade after the social network was briefly unavailable this morning in several countries in Europe and the U.S., with an outage affecting desktop and mobile sites, CNBC reports.
About 9 a.m. London time, the site forwarded to an error message telling users the unspecified problem would be fixed as soon as possible. After 30 minutes, normal service had been resumed with the website once again allowing users to log in. Reports from news wires indicated that users from all over the world had been hit by the outage, CNBC said..
A company representative told CNBC that Facebook had "resolved the issue quickly, and we are now back to 100 percent."
- FB's very impressive revenue growth greatly exceeded the industry average of 21.3%. Since the same quarter one year prior, revenues leaped by 71.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Although FB's debt-to-equity ratio of 0.02 is very low, it is currently higher than that of the industry average. Along with this, the company maintains a quick ratio of 13.15, which clearly demonstrates the ability to cover short-term cash needs.
- Powered by its strong earnings growth of 177.77% and other important driving factors, this stock has surged by 170.46% over the past year, outperforming the rise in the S&P 500 Index during the same period. Setting our sights on the months ahead, however, we feel that the stock's sharp appreciation over the last year has driven it to a price level which is now relatively expensive compared to the rest of its industry. The implication is that its reduced upside potential is not good enough to warrant further investment at this time.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. When compared to other companies in the Internet Software & Services industry and the overall market, FACEBOOK INC's return on equity is below that of both the industry average and the S&P 500.
- You can view the full analysis from the report here: FB Ratings Report
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