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Tag: GOOGL

  • Beat Earnings Plus a Stock Split: Alphabet Inc. (GOOGL) stock Advances Further After Hours

    On February 01, the Google parent company, Alphabet Inc. (GOOGL) posted its results for Q4 and fiscal 2021 along with a stock split in form of a stock dividend. Consequently, the stock increased further in the after-hours to reach $3,005 per share.

    The anticipation of the earnings report had already caused investors to flock towards the stock during the regular session. Hence, the stock traded a heavy volume of 3.43 million (212% of average) to add 1.73% in the regular session. After closing the session at $2,752.88 with a gain of $46.81, the stock increased further after hours. Following the announcement, GOOGL increased by 9.16% or $252.12 at an after-hours volume of 1.15 million shares on Tuesday.

    GOOGL’s Financial Results

    During Q4 of 2021, the company generated revenues of $75.3B against $56.8B in the year-ago quarter. Thus, the revenue not only increased by 32% YOY but also beat the analyst’s expectations of $72.3B.

    Moreover, the fiscal 2021 revenues of the company were $257.6B against $182.5B in the previous year. This marks an increase of 41% YOY.

    Additionally, GOOGL reported a net income of $20.6B in Q4 2021, against $15.2B in the year-ago quarter. Resultantly, the diluted EPS was $30.69 and $22.30 in Q4 of 2021 and 2020, respectively. Therefore, the EPS beat analysts’ estimate of $27.68 for the fourth quarter of 2021.

    Furthermore, the diluted EPS for fiscal 2021 was $112.20 against $58.61 for the previous year.

    Stock Split

    Along with the results, the company also announced the approval of a 20-for-1 stock split by its board. The stock split will be in the form of a one-time special stock dividend on GOOGL’s Class A, B & C stock shares.

    After approval of the stock split from the company’s stockholders, the one-time dividend will be paid on July 15, 2022, after the close of business. For every share held by a stockholder, a dividend of 19 additional shares of the same class stock will be paid. Further, the record date for this special dividend in relation to the stock split is July 1, 2022.

    Google Cloud Next ‘21

    Recently, the company held Google Cloud Next ’21 from October 12 to October 14, 2021. During the event, Chief Executive Officer, Google Cloud, Thomas Kurian participated in an opening keynote on October 12.

    Before that, Mr. Kurian also participated in the Deutsche Bank 2021 Technology Conference on September 9, 2021.

  • Apple (AAPL) or Alphabet (GOOGL): Which is the Better Stock Pick?

    Apple (AAPL) or Alphabet (GOOGL): Which is the Better Stock Pick?

    Apple (AAPL) and Alphabet (GOOGL) are two renowned names all over the world in the tech industry. There is a great rivalry between these trillion-dollar tech giants as both are giving their best shot to innovate as well as to expand their network in the globe through their products and services.No doubt both companies have brought massive returns to their long-term investors and will continue the trend in the future.

    Generally, it becomes difficult to decide the best stock between the two when both tend to keep winning but a deep understanding of the company’s infrastructure, strategies, and developments helps investors to determine which stock is better to add to their portfolio. Let’s look at both stocks to determine which will be the best bet for you in the future.

    Apple (AAPL):

    Apple (AAPL) Inc. is an American multinational technology company that works on products and services related to computer hardware, computer software, consumer electronics, cloud computing, fintech, and artificial intelligence. The stock price has surged about 460% with an increase in revenue from $215.6 billion to 274.5 billion over the past five years. The net income grew to $57.4 billion from $47.5 billion in the same tenure.

    Despite the Corona Virus pandemic, the company’s revenue growth and gross margin from its products remained stable mainly due to its multiple innovative electronic products including Macs, iPhones, iPads Apple watches, Apple TVs, etc. Besides its products, Apple is growing its ecosystem day by day as 20% of revenue was generated from its online services and now it has more than 600 million paid subscribers from all over the world.

    The iPhone 12 series which is the first iPhone series to support the 5G technology could add more hype in the future as rough estimates from its suppliers suggest that it could ship 230 million iPhones in 2021. Moreover, Apple will repeat its innovation strategy by launching new versions of its other hardware products. The company is also working on an augmented reality headset which is expected to launch in the next year followed by a pair of AR glasses in 2023.

    Apple’s not done yet as the tech giant has also been working on the development of electric vehicles.Analysts suggest that Apple will launch its car between 2024 to 2026 and if it happens,it will be a game-changer for the tech giant, but some analysts think that Apple will have to face great competition in the automobile industry.

    Alphabet(GOOGL):

    Google is an American multinationalconglomerate company that provides internet-related services and products which include search engine, cloud computing, artificial intelligence, online advertising computer software, and hardware, etc. The investors enjoyed the massive return in the past and hoping to get more profits from the company in the future.

    There is no doubt that Google is leading over the internet as its search engine has a 90% market share which is about 89% ahead of the secondly ranked Bing. The company has generated 80% of its total sales with $147 billion in revenue in the past year through online advertising services. The company’s leadership is making serious efforts to innovate its services and products and to evolve Google into digital. Google has launched many professional certificate training programs to diversify its ecosystem.

    Google Cloud Platform is the strong competitor of Amazon Web Services and Microsoft Azure now it is ranked third among public cloud service providers. With the evolution of Big Data, the demand for the cloud is increasing day by the day so we can expect that Google will likely generate handsome profit through its cloud services.

    Another important thing to notice about Alphabet as it never pays dividend rather it returns money to its shareholders via a share buyback. Management believes that share buyback is the tax-efficient process to return cash to the shareholders and it is more beneficial for the shareholder to retain and use the earnings for future business growth.

    Conclusion:

    Both tech giants are evolving rapidly and have enough cash in their balance sheets. It is for sure that investors of both companies would be happy in the decade from now, but Apple is the favorite between these two due to its launching iPhone 12 series, AR headsets with AR glasses, and EV car that would prove to be the gamechanger for the stock. On the other hand, Alphabet is facing great competition in online advertising from Facebook.It has shown much growth in cloud services last year but still, it’s a small segment in Alphabet and requires significant effort to compete with AWS and Azure.

  • The Three Best Tech Stocks to Buy and Watch in 2021

    The Three Best Tech Stocks to Buy and Watch in 2021

    The Teck stocks are highly surrounded by the bulls.

    The tech market is a vast market and is evolving every single day. Each industry is somewhat a part of the broader tech market, now. Technologies like Artificial Intelligence (AI), Blockchain, Augmented Reality (AR), Internet of Things (IoT), and other software-based companies have turned into big tech firms.

    With all the focus turning online, the tech firms are the first to benefit from this historic transformation in the digital world. The tech stocks, in general, are growth stocks such as Amazon (AMZN), Apple (APPL), and Facebook (FB).

    In the longer-run, the tech stocks will be getting bigger and there are several other tech firms that have much upside potential. Let’s see the three best tech stocks to buy and watch in 2021.

    Alphabet (GOOGL)

    Alphabet (GOOGL) the parent company that operates the internet deity, Google, is one of the biggest tech’s in the market. The company has delivered robust returns in the past and can continue with the same growth rate over the next decade.

    Google search engine has a global market share upward of 91.9%, which is breathtaking for any company to hold such a big market share. The company has the leadership that has evolved Google into a digital. That leadership is a big positive for the company that would generate healthy profits for several years.

    Another important segment of Google is its Cloud segment which is enhancing and still a relatively small part of the entire company. Google Cloud was able to brag 53%+ and 46%+ revenues in 2019 and 2020, respectively. The Cloud industry is growing at a rapid pace and the demand is increasing every single year. So, with time, this segment would bring massive profits to the company.

    salesforce.com (CRM)

    Saleforce.com (CRM) is a cloud-based software company that is shaping itself to be a part of the future digital world. The company owns the world’s largest cloud-based CRM platform and controls over 20% of the market.

    The company’s revenue surged over 26% in the first nine months of the fiscal year 2021, which ended in January. Salesforce recorded double-digit percentage growth in its sales, service, and marketing, and commerce clouds. Moreover, in the longer run, the company has targeted to achieve over $50 billion in annual revenue by fiscal 2026. So, the company has big motives and is one of the safest bets in the tech market.

    Shopify (SHOP)

    Shopify (SHOP) is a multinational e-commerce firm based in Canada. The company runs one of the biggest e-commerce platforms. It’s a good time to buy Shopify on the dip, as the shares are trading downward around $1,391.25, as we write this.

    The company recently reported its fourth-quarter outcomes, recording revenue growth of 94% to $977.7 million. While the adjusted earnings per share soared by a whopping 267% year-over-year to $1.58 per share. The company surpassed analyst’s estimates on earnings of $1.28 per share and revenue of $910.2 million.

    Jefferies analyst Samad Samana after examining the quarterly report said that the Q4 results were largely in-line with high buy-side expectations. And, 2021 is also expected to continue with strong growth momentum.

    So, investors who are eyeing tech stocks, Alphabet (GOOGL), Salesforce.com (CRM), and Shopify (SHOP) are the stocks to buy and watch this year.

  • Google Announces Updates To Make Google Search Work Better

    Google Announces Updates To Make Google Search Work Better

    Alphabet Inc’s (NASDAQ: GOOGL) has announced that it has decided to make a number of improvements in its core search engine to improve the experience of users. The company is planning to use AI to provide a seamless experience to its users by answering their questions with very specific answers. Google aimed to better handle the broad questions of users and typos in their queries.

    In the past 22 years, Google has made tremendous progress and always tried to make Google Search better for users every day. With the emergence of new technological advancements and the evolution of AI, Google strive to bring the AI in its products to execute its mission to organize the world’s information and make it accessible universally and useful.

    Some of the new updates of Google will really be helpful and some updates will only be for fun, but all are aimed at providing the best search result to the user. Google Search is already using the AI-based Algorithm to improve the search results but the company is trying to improve its more.

    Google disclosed that 1 in 10 searches every day are misspelled but the ‘Did You Mean’ generator is already doing a good job. But the company revealed that it is launching a new spelling algorithm to improve its ability to detect what the user is really searching for and will provide the result in just 3 milliseconds. This single change will make an improvement in spelling. This will be the greatest achievement of the company over the course of the last five years.

    Google Search also improved in a way that it will now provide the user-specific paragraphs or segments of video they are searching for. Sometimes the single sentence that solves the query of the user might be ranked in the deep web pages. But now Google has made improvements and announced that it will not only index web pages but also index individual passages from web pages. This new update of Google will improve the 7% of search queries across all languages as it launched it out globally.

    It has also made improvements in navigation so that things will be executed in a better way. Its Live busyness updates help people to know the busy places so that they can social distance themselves. It has also added a new feature of the Live view. Google has also planned to add COVID-19 safety information front and center on Business Profiles across Google Search and Maps.

    Alphabet Inc. has also announced that it is testing new technology in which it will use an AI-driven approach to better understand the semantics of videos and identify the important moments’ users are looking for. Google has also announced the updates in shopping features.

    If you don’t remember the song you just try to hum the song then Google will recognize it and will play for you.  The ‘hum to search’ feature will retrieve the song which was stuck in your mind.  Additionally, Google has also added new features in the search engine, Maps, and voice assistant to aid voters in the US to find their nearest voting locations.

     

  • Top 20 Stocks That Can Be A Good Buys In Content & Information Industry

    Top 20 Stocks That Can Be A Good Buys In Content & Information Industry

    The Internet is considered to be the main source of information and it plays a very important role in the daily routines of people. The Internet content industry includes the providers of personal services, staffing, and outsourcing services. Companies in the internet industry are operating in a highly competitive environment. They need to keep pace with new technological advancements.

    Internet companies are working in the global market and they have a diverse customer base. One positive thing for this industry is that it has many opportunities to grow the business because people always turn towards the internet content industry for the information. Their main challenge is to update their strategies with the changing external environment which is helpful for their business growth.

    Here are the few companies in the internet content industry which are following new trends to keep  pace with the market:

    Facebook Inc. (NASDAQ: FB)

    Facebook Inc. (NASDAQ: FB) shares were trading down -0.90% at $252.53 at the time of writing on Friday. Facebook Inc. (FB) share price went from a low point around $137.10 to briefly over $304.67 in the past 52 weeks, though shares have since pulled back to $252.53. FB market cap has remained high, hitting $725.94B at the time of writing, giving it a price-to-sales ratio of more than 9.

    Facebook Inc revealed that it is not clear whether the platform will be able to run in the European Union if the new Ireland data protection ruling will be implemented. The company revealed in Ireland’s High court that if the country’s Data Protection Commission in regard to its data transfer mechanism isn’t blocked, its platform will bear a huge shock. If we look at the recent analyst rating FB, KeyBanc Capital Markets initiated coverage on FB shares with an Overweight rating and a $287.22 price target, which implies room for 34.69% upside momentum this year.

    Snap Inc. (NYSE: SNAP)

    Snap Inc. (NYSE: SNAP) last closed at $23.82, in a 52-week range of $7.89 to $26.76. Analysts have a consensus price target of $26.27. Snap Inc. (SNAP) and NFL have recently disclosed that they have decided to extend their multi-year partnership. The company has created a special augmented reality Lens that takes fans from the Kansas City Chiefs’ locker room through the tunnel and into Arrowhead Stadium, where they’ll be greeted by Kansas City’s Patrick Mahomes and Houston’s Deshaun Watson.

    Pinterest Inc. (NYSE: PINS)

    Pinterest Inc. (NYSE: PINS) stock soar by 0.79% to $36.88. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. Pinterest Inc. (PINS) has earlier participated in the Deutsche Bank Virtual Technology Conference on September 15, 2020. This company previously revealed that it has decided to demonetize pages that lead to election-related content on its platform. The company aimed to stop the spread of misinformation about the 2020 presidential election which is to be held in November 2020.

    Twitter Inc. (NYSE: TWTR)

    Twitter Inc. (NYSE: TWTR) shares headed rising, higher as much as 2.03%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at a Sector weight. Twitter Inc. (TWTR) has revealed that it has decided to ask U.S. lawmakers and White House officials, including President Donald Trump, to review and improve their account passwords as part of a push to increase security before the Nov. 3 election. This company has a total market capitalization of $31.12 billion at the time of writing.

    Remark Holdings Inc. (NASDAQ: MARK)

    Remark Holdings Inc. (NASDAQ: MARK) rose 11.93% after gaining more than $0.13 on Friday. Remark Holdings Inc. (MARK) has earlier participated in H.C. Wainwright & Co. 22nd Annual Global Investment Conference on September 14, 2020. Previously, the company announced that its AI’s engineering team won three out of five Championships in the Visual Object Tracking category at the 16th European Conference on Computer Vision. 

    Tencent Music Entertainment Group (NYSE: TME)

    Tencent Music Entertainment Group (NYSE: TME) last closed at $15.62, in a 52-week range of $9.22 to $17.97. Analysts have a consensus price target of $15.19. Previously, the Tencent Music Entertainment Group has partnered with Tencent ’99 Giving Day’ and the Rainbow Chamber Singers to host an online concert titled ‘Learn to Love Yourself,’ streaming live on QQ Music, KuGou Music, Kuwo Music, and WeSing.

    Zillow Group Inc. (NASDAQ: Z)

    Zillow Group Inc. (NASDAQ: Z) fall -0.60% after losing more than -$0.58 on Friday. Zillow Group Inc. (Z) has earlier announced that it has decided to start buying and selling homes in Jacksonville. Jacksonville becomes the 25th market where homeowners can safely and conveniently buy and sell real estate through Zillow Offers service. Looking at the market cap, its market cap is 415.41 billion at the time of writing.

    iQIYI Inc. (NASDAQ: IQ)

    iQIYI Inc. (NASDAQ: IQ) last closed at $23.20, in a 52-week range of $14.51 to $27.50. Analysts have a consensus price target of $23.08. iQIYI Inc. (IQ) has expanded its highly-acclaimed Mist Theater, with the release of season 1 of Sisyphus on September 2. The 12-episode Sisyphus is the fourth suspense thriller released as part of its Mist Theater. This company market cap has remained high, hitting $16.79 billion at the time of writing.

    Baidu Inc. (NASDAQ: BIDU)

    Baidu Inc. (NASDAQ: BIDU) Shares headed falling, lower as much as -0.01% after Jakubowitz Law has announced that securities fraud class action lawsuits have started on behalf of shareholders of the various publicly-traded companies. The most recent rating by Morgan Stanley, on September 08, 2020, is at an Equal-weight. Baidu Inc. (BIDU)

    Match Group Inc. (NASDAQ: MTCH)

    Match Group Inc. (NASDAQ: MTCH) stock soar by 0.79% to $108.41. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. Match Group Inc. (MTCH) share price went from a low point around $44.74 to briefly over $123.00 in the past 52 weeks, though shares have since pulled back to $108.41. MTCH market cap has remained high, hitting $27.97B at the time of writing.

    ANGI Homeservices Inc. (NASDAQ: ANGI)

    ANGI Homeservices Inc. (NASDAQ: ANGI) shares headed falling, lower as much as -2.45%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. ANGI Homeservices Inc. (ANGI) stock fluctuated between the low of $4.10 and a high of $17.05. It has moved up 152.20% from its 52-weeks low and moved down-39.35% from its 52-weeks high. This company market capitalization has remained high, hitting $5.26 billion at the time of writing.

    Groupon Inc. (NASDAQ: GRPN)

    Groupon Inc. (NASDAQ: GRPN) stock soar by 2.60% to $26.05. The most recent rating by DA Davidson, on June 17, 2020, is at a Buy. Groupon Inc. (GRPN) share price went from a low point around $9.60 to briefly over $63.20 in the past 52 weeks, though shares have since pulled back to $26.05. Groupon Inc.’s market cap has remained high, hitting $729.40 million at the time of writing.

    Alphabet Inc. (NASDAQ: GOOGL)

    Alphabet Inc. (NASDAQ: GOOGL) fall -2.42% after losing more than -$35.95 on Friday. Alphabet Inc. (GOOGL) stock fluctuated between the low of $1008.87 and a high of $1726.10. It has moved up 43.83% from its 52-weeks low and moved down-15.93% from its 52-weeks high. This company market capitalization has remained high, hitting $1014.27 billion at the time of writing.

    Alphabet Inc. (NASDAQ: GOOG)

    Alphabet Inc. (NASDAQ: GOOG) last closed at $1459.99, in a 52-week range of $1013.54 to $1733.18. Analysts have a consensus price target of $1707.08. Alphabet Inc. (GOOG) has moved up 44.05% from its 52-weeks low and moved down-15.76% from its 52-weeks high. This company market capitalization has remained high, hitting $1002.23 billion at the time of writing.

    Grubhub Inc. (NYSE: GRUB)

    Grubhub Inc. (NYSE: GRUB) stock soar by 0.61% to $69.25. The most recent rating by Piper Sandler, on July 28, 2020, is at a Neutral. Grubhub Inc. (GRUB) share price went from a low point around $29.35 to briefly over $79.18 in the past 52 weeks, though shares have since pulled back to $69.25. Grubhub Inc.’s market cap has remained high, hitting $6.35 billion at the time of writing.

    CarGurus Inc. (NASDAQ: CARG)

    CarGurus Inc. (NASDAQ: CARG) shares headed falling, lower as much as -2.26%. The most recent rating by BTIG Research, on August 07, 2020, is at a Neutral. CarGurus Inc. (CARG) fluctuated between the low of $14.25 and a high of $40.91. It has moved up 63.72% from its 52-weeks low and moved down-42.97% from its 52-weeks high. This company market capitalization has remained high, hitting $2.70 billion at the time of writing.

    Momo Inc. (NASDAQ: MOMO)

    Momo Inc. (NASDAQ: MOMO) fall -1.33% after losing more than -$0.2 on Friday. Momo Inc. (MOMO) share price went from a low point around $13.87 to briefly over $39.42 in the past 52 weeks, though shares have since pulled back to $14.82. Momo Inc.’s market cap has remained high, hitting $3.14 billion at the time of writing.

    Yandex N.V. (NASDAQ: YNDX)

    Yandex N.V. (NASDAQ: YNDX) last closed at $60.97, in a 52-week range of $27.93 to $70.11. Analysts have a consensus price target of $57.09. Yandex N.V. (YNDX) has moved up 118.30% from its 52-weeks low and moved down-13.04% from its 52-weeks high. This company market capitalization has remained high, hitting $21.32 billion at the time of writing.

    Liberty TripAdvisor Holdings Inc. (NASDAQ: LTRPA)

    Liberty TripAdvisor Holdings Inc. (NASDAQ: LTRPA) stock drop by -1.41% to $2.10. The most recent rating by Guggenheim, on June 13, 2019, is at a Neutral. Liberty TripAdvisor Holdings Inc. (LTRPA) share price went from a low point around $0.86 to briefly over $10.20 in the past 52 weeks, though shares have since pulled back to $2.10. Momo Inc.’s market cap has remained high, hitting $266.49 Million at the time of writing.

    Yelp Inc. (NYSE: YELP)

    Yelp Inc. (NYSE: YELP) shares headed falling, lower as much as -4.02%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at a Sector weight. Yelp Inc. (YELP) has launched a tag for businesses to mark themselves as ‘Latinx-owned’ in a move designed to support Latino businesses hit hard by the pandemic. This company has a market capitalization of $1.56 billion at the time of writing.