The total number of app downloads more than doubled in the past year according to TripAdvisor. In its press release the company cites Distimo, a leader in app market data, which says the TripAdvisor is now the most popular travel app based on total app downloads.
"Reaching the milestone of 100 million downloads is evidence that travelers worldwide are benefitting from the TripAdvisor community's reviews and opinions, wherever their travels may take them," TripAdvisor president and CEO Stephen Kaufer said in a press release.
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TheStreet Ratings team rates TRIPADVISOR INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRIPADVISOR INC (TRIP) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive."