Market Update (NASDAQ:GOOG): Android Wear: The Smartphone-Centric Smartwatch

Google Inc (NASDAQ:GOOG) [at Seeking Alpha] – After looking over Google’s ( GOOG ) developer documentation, I came away very impressed with Android Wear. It’s an ingenious approach to wearables that leverages the Android OS devices Google assumes …
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Google Inc. (GOOG), with a current value of $406.13B, finished at $1,199.25.
 
Looking at today’s trading action, the company’s one day range from $1,197.69 to $1,209.60 with a trailing 52-week range being $761.26 to $1,228.88.
 
Google (GOOG) shares are currently priced at 23.56x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 25.37x earnings multiple for the same period.
 

 
In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $12.20 per share, which would be $0.62 better than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $51.42, which would be a $7.53 better than last year.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $16.57 Billion. If realized, that would be a 18.61% increase over the year-ago quarter.
 
Recently, CRT Capital Initiated GOOG at Buy (Sep 19, 2013). Previously, Janney Initiated GOOG at to Buy.
 
The average price target for GOOG shares by the analysts covering the stock is $1,322.38, which is 0.00% above where the stock opened this morning.
 
Summary (NASDAQ:GOOG) :  Google Inc., a technology company, builds products and provides services to organize the information. The company offers Google Search, which provides information online; Knowledge Graph that allows to search for things, people, or places, as well as builds systems that recognize speech and understand natural language; Google Now, which provides information to users when they need it; and Product Listing Ads that offer product image, price, and merchant information. It also provides AdWords, an auction-based advertising program; AdSense, which enables Websites that are part of the Google Network to deliver ads; Google Display, a display advertising network; DoubleClick Ad Exchange, a marketplace for the trading display ad space; and YouTube that offers video, interactive, and other ad formats. In addition, the company offers Android, an open source mobile software platform; hardware products, including Chromebook, Chrome, Chromecast, and Nexus devices; Google+ to share things online with people; Google Play, a cloud-based digital entertainment store for apps, music, books, and movies; Google Drive, a place for users to create, share, collaborate, and keep their stuff; and Google Wallet, a virtual wallet for in-store contactless payments. Further, it provides Google Apps, which include Gmail, Calendar, and Google Sites that are built for people to work anywhere, anytime, on any device without loss of security or control; Google Maps Application Programming Interface; and Google Earth Enterprise, a software solution for imagery and data visualization. Additionally, the company offers Google App Engine, a platform as a service offering; Google Cloud Storage; Google BigQuery for real time analytics; Google Cloud SQL for structured query language; and Google Compute Engine, an infrastructure as a service platform. It also offers mobile wireless devices, and related products and services. Google Inc. was founded in 1998 and is headquartered in Mountain View, California.
 
Tag Helper ~ Stock Code: GOOG | Common Company name: Google | Full Company name: Google Inc (NASDAQ:GOOG) .

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