[at TechCrunch] – Opened in April 2012, Campus London, Google’s East London ‘startup hub’ was something of a new departure for Google. It was taking out a ten year lease of a building which would be populated by co-working spaces, hackers and startups that Google had nothing to do with and Google would not have a stake it in.
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Google Inc. (GOOG), with a current market cap of $353.99B, finished yesterday at $1,059.59.
During today’s session, GOOG traded between $1,057.50 to $1,066.35 with the price of the stock fluctuating between $682.33 to $1,068.00 over the last 52 weeks.
Priced at 24.08x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry’s -22.13x 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 $44.14, which would be a $4.32 better than last year.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.69 Billion. If reported, 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 perhaps the stock is under or overvalued, the average price target is $1,093.31, 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) .