Google Inc. (NASDAQ:GOOG) – Google brings ubiquitous ‘white space’ broadband one step closer

Google Inc. (NASDAQ:GOOG) [at The Verge] – So-called “white space” frequencies have considerable benefits when compared to traditional Wi-Fi signals, and now Google has created an API to make the process of utilizing them easier. Companies using the Spectrum Database API will be able to search for frequencies unoccupied by TV or radio signals in specific areas of the United States, and register equipment that uses those frequencies to broadcast wireless internet. Google has pushed TV white space as a cost-effective way to bring broadband to rural areas Google has championed unlicensed TV white space (TVWS) over the last few years.
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Google Inc. (GOOG), with a current value of $345.60B, ended trading yesterday at $1,035.23.
Looking at today’s market, GOOG one day range is $1,030.50 to $1,038.00 with the price of the stock fluctuating between $636.00 to $1,041.52 over the last 52 weeks.
Priced at 23.43x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry’s -24.19x forward p/e ratio.

According to a consensus of 40 analysts, the earnings estimate of $12.22 per share would be $1.63 better than the year-ago quarter and a $0.39 sequential increase. The full-year EPS estimate is $44.06, which would be a $4.24 better than last year.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $16.69 Billion. If realized, that would be a 37.25% increase over the year-ago quarter.
In terms of ratings, CRT Capital Initiated GOOG at Buy (Sep 19, 2013). Previously, Janney Initiated GOOG at to Buy.
When considering if the stock is under or overvalued, the average price target is $1,080.10, which is 0.00% above where the stock opened this morning.
Google Inc. (NASDAQ:GOOG), a technology company, builds products and provides services to organize the information and make it universally accessible and useful. It provides Search, AdWords, AdSense and YouTube. Further, the company offers Android Mobile OS, Google Chrome, Google+, Google Wallet and much more.
Tag Helper ~ Stock Code: GOOG | Common Company name: Google | Full Company name: Google Inc. (NASDAQ:GOOG) .

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