Company Update: Google Inc. (NASDAQ:GOOG) – Google invites All Access subscribers to buy Glass eyewear device

Google Inc. (NASDAQ:GOOG) [at San Jose Mercury News] – Google on Tuesday began sending out invitations to purchase its $1,500 Glass wearable device to users of its All Access music subscription service.
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Google Inc. (GOOG), with a current value of $374.41B, ended trading at $1,109.46.
 
Looking at the stock, its one day range is $1,106.26 to $1,121.00 with a one year range of $695.52 to $1,121.00.
 
GOOG shares are currently priced at 25.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -3.16x earnings multiple.
 

 
Consensus earnings for the current quarter by the 40 sell-side analysts covering the stock is an estimate of $12.24 per share, which would be $1.65 better than the year-ago quarter and a $0.39 sequential increase. The full-year EPS estimate is $44.16, which would be a $4.34 better than last year.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.72 Billion. If reported, that would be a 37.50% 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.
 
With the above information in mind, readers should note that the average price target is $1,118.59, 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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