Company Update: Google Inc. (NASDAQ:GOOG) – Trust Nobody As Another ‘Web 2.0′ Service Is Switched Off By Google

Google Inc. (NASDAQ:GOOG) [at Forbes] – Bump Technologies was acquired by Google in September 2013. Three months later the products are being discontinued, the team are “focused on new projects within Google”, and users of Bump Technologies’ apps are left out in the cold. Why should users continue to trust in the cloud when services and functionality can be switched off with little consultation?
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Google Inc. (GOOG), with a current value of $371.50B, finished at $1,120.71.
 
Looking at today’s market, GOOG one day range is $1,111.29 to $1,116.00 and has traded between $695.52 and $1,121.00 over the past 12 months.
 
GOOG shares are currently priced at 25.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -7.61x forward p/e ratio.
 

 
According to a consensus of 40 analysts, the earnings estimate of $12.24 per share 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 based on a consensus revenue forecast of the current quarter of $16.72 Billion. If realized, that would be a 37.50% increase over the year-ago quarter.
 
Recently, 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 $1,118.59, which is 0.00% below 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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