Criteo S.A. (CRTO) stock prices updated...

Criteo S.A. stock price

Criteo S.A. latest news:

  • 12/14/2017 06:21:07

    Criteo stock plunges on lowered outlook following Apple's iOS update

    Shares of ad-retargeting firm Criteo S.A. fell 12% in premarket trading Thursday after the company dramatically lowered its 2018 revenue forecast due to changes Apple Inc. made to its mobile operating system. Apple's new iOS 11.2 software "disables the solution that some companies in the advertising ecosystem, including Criteo, currently use to reach Safari users," according to a release from Criteo. The company projects this change to reduce 2018 revenue by 22%, excluding traffic acquisition costs, if the firm can't effectively work within the new iOS landscape. Management had previously projected a 9% to 13% "net negative impact." Criteo said that it had a new solution "under development" but also that "its effectiveness cannot be assessed at this early stage." Criteo shares are down 23% this year, while Apple's stock is up 49%. The S&P 500 Index has gained 19%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

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