NEW YORK (TheStreet) -- Twitter (TWTR) shares are down 1.3% to $36.37 in early market trading on Tuesday despite November numbers calculated by analysts at Cantor Fitzgerald that showed strong user growth for the social media website during the month.
Using comScore data, the firm estimates that unique visitors to the website increased by 8.5% over the previous month to 88.3 million people in November, rebounding from the 4% drop in unique visitor growth the company saw in October.
"M/M data is not as instructive as Y/Y data as it fails to account for seasonality, that said, we view the faster M/M growth for social players as meaningful and consistent with the secular growth trend toward social/mobile platforms," said analysts at the firm.
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TheStreet Ratings team rates TWITTER INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate TWITTER INC (TWTR) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been generally deteriorating net income."