NEW YORK (TheStreet) -- Facebook (FB) shares are advancing by 0.14% to $98.08 on Monday morning, after the social networking company announced yesterday that it's building a new data center in Ireland.
Located in Clonee, County Meath, this will be the company's second data center in Europe. The first one is in Sweden.
"The facility will become part of the infrastructure that enables billions of people to connect with the people and things they care about on Facebook, Messenger, Instagram and more," the company said.
Additionally, the data center will be powered by 100% renewable energy and will be built from scratch as part of the Open Compute Project, an industry-wide coalition of companies dedicated to creating energy and cost efficient infrastructure solutions and sharing them as open source.
On Wednesday, Facebook will announce its fourth quarter fiscal 2015 financial results after the closing bell. Analysts are expecting the company to earn 68 cents a share on revenue of $5.36 billion. Overall, the company's earnings are anticipated to grow year-over-year.
Separately, TheStreet ratings currently has a Buy rating on the stock with a letter grade of B+.
The gross profit margin for Facebook is currently very high, coming in at 94.80%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 19.90% trails the industry average.
Overall, the company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share and expanding profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: FB