Twitter's stock fell more than 16 percent Wednesday after the social network reported mixed quarterly results and posted guidance that disappointed Wall Street.
At least 10 firms cut their price targets following the earnings and guidance releases.
The company said it sees second-quarter sales between $590 million and $610 million, well below the estimated $678 million.
On Tuesday, the company reported adjusted first-quarter earnings of 15 cents per share on $594.5 million in revenue. Earnings rose from 7 cents per share in the previous year, while sales climbed 36 percent from $435.9 million in the prior-year period.