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Square, Inc.

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Square reported strong fourth quarter results wherein both the earnings and revenues have grown significantly from the year-ago quarter. Robust gross payments volume continued to drive the results of the company. Also, positive contributions from Weebly and Zesty buyouts were major positives. Further, growing adoption of Cash App in the bitcoin space continued to drive the top-line growth. Additionally, strong product lines such as Square Terminal, Instant Deposits, Cash Card, Square Register and Caviar contributed well. We believe robust product lines of the company will continue to expand its seller base which will drive its business growth. Notably, the stock has outperformed the industry it belongs to over a year. However, higher investments and increasing product development expenses might hurt margins. Further, intensifying competition and foreign exchange fluctuations remain headwinds.

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