Company Update: Google Inc. (NASDAQ:GOOG) – Google Cuts Cloud Service Prices, Adds Features

Google Inc. (NASDAQ:GOOG) [at Bloomberg] – Dec. 3 (Bloomberg) — Google lowered prices for some of its cloud computing service for businesses and added features as it steps up competition with Amazon and Microsoft. Deirdre Bolton reports on “Movers …
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Google Inc. (GOOG), valued at $353.00B, finished at $1,054.48.
During the trading session, GOOG traded between $1,049.02 to $1,057.80 with the price of the stock fluctuating between $682.33 to $1,068.00 over the last 52 weeks.
 
GOOG shares are currently priced at 23.89x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -22.13x earnings multiple for the same period.

 
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 $0.37 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.
More recently, CRT Capital Initiated GOOG at Buy (Sep 19, 2013). Previously, Janney Initiated GOOG at to Buy.
With the above information in mind, readers should note that 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) .

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