Facebook's warning of slowing growth in 2017 could be a "gift to investors" looking to jump into what is still a lucrative boat, internet analyst Victor Anthony said Thursday.
Anthony, a senior internet media analyst with Axiom Capital Management, was not worried by the announcement, saying the Street had already factored in the growth deceleration forecast.
Instead, he told CNBC's "Squawk Box," Facebook is playing a different game.
"They always guide aggressively with expenses, and beat that expense guidance," Anthony said. He said he's expecting that to happen again.
Shares of Facebook were trading at $121.42 in premarket trading Thursday, down 4.5 percent.
Anthony said now may be the time to get on board with Facebook in light of Wehner's announcement that Facebook is gearing up for extensive hiring extensively and expanding its data centers.
"I think the pullback is really a gift for investors who've been on the sidelines," Anthony said.