Company Update: Google Inc (NASDAQ:GOOG) – 420 Million Android Devices Don’t Get Security Updates, Google Reports

[at Forbes] – Google might be doing a lot to improve Android security, but hundreds of millions of users aren’t getting patches. Read more on this. Alphabet Inc. (GOOG) , currently valued at $522.55B, opened this morning at $769.73. Looking at today’s market, GOOG one day range is $754.23 to $769.90 with a trailing 52-week range being $515.18 to $789.87. Google (GOOG) shares are currently priced at 22.14x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 21.02x earnings multiple for the same period. According to a consensus of 37 analysts, the earnings estimate of $7.95 per share would be $1.07 better than the year-ago quarter and a $0.15 sequential increase. What we find to be interesting is that the full-year EPS estimate of $34.62 is a $5.04 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.37 Billion. If reported, that would be a 18.02% increase over the year-ago quarter. More recently, Pivotal Research Group upgraded GOOG from Hold to Buy (Apr 11, 2016). Previously, Goldman upgraded GOOG from Neutral to Buy. The average price target for GOOG shares by the analysts covering the stock is $930.08, which is 20.83% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update (NASDAQ:GOOG): Like Apple, Google Android Said Ordered To Unlock Smartphones Stock Update: Google Inc (NASDAQ:GOOG) – Google to take on Apple in the UK with Android Pay Company Update (NASDAQ:GOOG): Google gives peek at new Android system
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