New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 12, 2012
11:20 EDTMMI, GOOGEarnings Preview: Google's Q1 results could closely resemble Q4 numbers
Google (GOOG) is expected to report Q1 earnings after the market close on Thursday, April 12, with a conference call scheduled for 4:30 pm ET. The consensus estimate is $9.65 for EPS and $8.15B for revenue, according to First Call. Google reported weaker than expected fourth quarter results after its third quarter results beat expectations. The outlook for first quarter results is mixed, as Google's shares have pulled back a bit in the last few weeks. In fact, Google shares have slipped 1.54% this year, compared to the Nasdaq's gain of 15.79%. Last quarter, Investors were particularly concerned about an unexpected drop in prices for Google's Internet search ads. Some analysts believe the change reflects a shift to more searches on smartphones, where advertising rates are lower. Others are worried that the downturn in ad prices is a sign that Google is losing share to competitors, including Facebook (FB). Investors will be looking for clues in order to determine whether the drop in ad prices last year was an aberration or the start of a trend that could slow the company's growth. Google's Q1 expenses also are likely to be a focal point of the report, as CEO Larry Page has pledged to make expensive investments in employees and projects that he believes will boost the company's long-term returns. Analysts also will likely inquire about the status of Google's proposed $12.5B acquisition of cellphone maker Motorola Mobility Holdings (MMI). Needham's Q1 estimates are below consensus expectations, with the firm predicting that the company will be hurt by continued declines in cost-per-click, or CPC, rates and weakness in Europe. The firm expects Google to report Q1 net revenue of $8.043B and pro forma EPS of $9.26. Needham says that while the number of Google's U.S. core search queries increased 9% YoY in Q1, strong mobile growth should push overall query growth ahead of these expectations. However, the firm believes that CPC rates could decline 4%. Additionally, Needham believes that European search spending continued to slow due to the macro environment there. After conducting industry checks and evaluating YouTube trends, Nthe firm expects the growth of Google's display business to moderate in Q1. However, Needham expects advertisers to continue to allocate more of their budgets to Google, given its deep search relationships, large YouTube audience, and end-to-end display advertising ecosystem. Android activations reached 850,000 per day in Q1, Needham notes, and the operating system should continue to be the primary growth engine for Google's mobile advertising and app revenue, said the firm. Needham maintains a Buy rating on the shares with a $750 price target. Consensus estimates for Q2 and FY12 are: $10.01 on $8.43B in revenue and $42.60 on $35.45B in revenue, respectively.
News For GOOG;MMI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 12, 2014
09:35 EDTGOOGActive equity options trading
Subscribe for More Information
07:30 EDTGOOGAmazon forced to remove app from Google Play store, TechCrunch reports
Subscribe for More Information
07:18 EDTGOOGCato Institute holds a conference
2014 Cato Institute Surveillance Conference is being held in Washington, D.C. on December 12 with webcasted presentations to begin at 9 am. Webcast Link
06:05 EDTGOOGGoogle to shut down engineering operations in Russia, The Information reports
Subscribe for More Information
December 11, 2014
10:17 EDTGOOGCiti upbeat on Google in face of pending Apple decision on Safari
Subscribe for More Information
08:53 EDTGOOGBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:09 EDTGOOGGoogle shares pricing in loss of Apple search deal, says Citigroup
Subscribe for More Information
06:17 EDTGOOGGoogle to shut Google News service in Spain
Subscribe for More Information
December 9, 2014
06:14 EDTGOOGGoogle launches Street View in Dubai
Subscribe for More Information
06:00 EDTGOOGSalesforce.com names YouTube CEO Susan Wojcicki to board
Subscribe for More Information
December 7, 2014
13:47 EDTGOOGGoogle could reach $634 in a year, Barron's says
Google shares look attractive at current levels and shares could reach $634.00 in a year, driven by stabilizing ad pricing, Barron's contends in a feature article. Reference Link
December 5, 2014
12:50 EDTGOOGOn The Fly: Midday Wrap
Subscribe for More Information
10:20 EDTGOOGYahoo rises, Google falls after BofA changes ratings on both
Shares of Yahoo (YHOO) are rising and Google's (GOOG, GOOGL) stock is falling after Bank of America Merrill Lynch upgraded Yahoo and downgraded Google. WHAT'S NEW: Bank of America analyst Justin Post upgraded his rating on Yahoo to Buy from Neutral. Post said he had previously not expected to obtain information about Yahoo's strategy for avoiding taxes on the sale of its stake in Chinese e-commerce giant Alibaba (BABA) at least until well into 2015. However, Yahoo's CFO recently stated that the company continued to be optimistic that it would be able to cut its tax bill and added that the company would divulge its plans for doing so during its next earnings conference call. Yahoo's next earnings conference call is expected to take place by the end of next month, Post noted. He set a $62 price target on Yahoo shares. Meanwhile, Post downgraded Google to Neutral from Buy. The analyst thinks the company is facing several headwinds, including the maturity of its search business, a lack of products that can provide catalysts, and margin pressures as it invests in competitive businesses. As a result of these headwinds, Google's results are likely to be below expectations, Post believes. Meanwhile, the company is also facing increased regulatory risk, particularly in the EU, and increased competition from Facebook (FB) and other social networks. He trimmed his price target on Google to $580 from $600. PRICE ACTION: In early trading, Yahoo climbed 1% to $50.94, while Google class A shares declined 1.5% to $534.33.
10:00 EDTGOOGOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:55 EDTGOOGYahoo seen overtaking Twitter in U.S. mobile ad market share, WSJ reports
Research firm eMarketer predicts Google (GOOG, GOOGL) and Facebook (FB) will account for about 35% and 17%, respectively, of the U.S. mobile ad market in 2015, but the firm also expects Yahoo (YHOO) will edge past Twitter (TWTR) in terms of mobile ad revenue, with projected market shares of 3.74% and 3.69%, respectively, reported The Wall Street Journal. Reference Link
08:14 EDTGOOGGoogle volatility low into being downgraded to Neutral from Buy at BofA/Merrill
Subscribe for More Information
07:38 EDTGOOGFollow-up: Google downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Google to Neutral from Buy. The firm lowered estimates slightly below the Street due to lack of product catalysts, search maturity, and margin pressure from investments. BofA/Merrill is also cautious on online advertising growth given increased regulatory risk in the EU, potential Facebook (FB) competition, share loss from social growth, and a strong Apple (AAPL) product cycle. Price target lowered to $580 from $600.
07:28 EDTGOOGGoogle downgraded to Neutral from Buy at BofA/Merrill
Subscribe for More Information
06:15 EDTGOOGGoogle revamps incentive program for firms that sell productivity apps, services
Subscribe for More Information
06:03 EDTGOOGiOS mobile traffic shows iPhone 6 launch strong, says Piper Jaffray
Piper Jaffray says that according to Quantcast data, Apple's (AAPL) iOS mobile traffic share increased from 60.6% at iPhone 6 launch to 61.4% nine weeks after launch, while Google's (GOOG) Android decreased from 38.4% to 37.5% in the same period. Piper views the iOS mobile traffic share as further evidence that the iPhone 6 launch in the U.S. is off to a strong start. It keeps an Overweight rating on Apple shares with a $135 price target.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use