AOL beat analysts' revenue forecasts. Is it time to buy a stock that once was synonymous with the Internet?
A decade and a half ago, America Online was synonymous with the Internet for those who used dial-up modems to connect to the Web. These days, it's a much smaller company. But, it's one that just surprised analysts with better-than-expected revenues.
On CNBC's Squawk Box Tuesday morning, AOL's CEO Tim Armstrong said:
"Our results today essentially are improvements across the entire board for AOL. Advertising revenue lines, consumer traffic, and then the real technology stack behind the future of where the company’s going, so we’re really excited about the results today."
Does this mean the stock's a buy?
On CNBC's Street Signs Talking Numbers segments, AOL gets a look from both the fundamentals and technicals perspectives.
Analyzing AOL from the fundamentals is Andrew Busch, editor and publisher of The Busch Report. On the technicals is Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson.
Should you dial-up AOL to your portfolio? Watch the video above to see what the fundamentals and technicals have to say about this stock.
More from Talking Numbers:
- Information Technology
- Investment & Company Information