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Stock Market & Financial Investment News

News Breaks
April 12, 2012
11:20 EDTGOOG, MMIEarnings 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
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April 16, 2014
07:07 EDTGOOGAmazon, Google, Microsoft cut prices for cloud computing products, WSJ says
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06:52 EDTGOOGSamsung objects to Apple's patent claims in $2B court battle, Bloomberg says
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06:50 EDTGOOGGoogle could be working on smart contact lenses, Business Insider says
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06:08 EDTGOOGGoogle seeking third-party developers for 'modular' project, WSJ reports
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April 15, 2014
13:18 EDTGOOGDaniel Graf to join Twitter's product team
Daniel Graf, who led efforts on Google Maps (GOOG), is joining Twitter's (TWTR) product team, Graf announced in a tweet. Reference Link
12:45 EDTGOOGEarnings Preview: Google shares down 8% since last earnings report
Google (GOOG, GOOGL) is expected to report first quarter earnings after the market close on Wednesday, April 16 with a conference call scheduled for 4:30 pm ET. Google is a global technology company that focuses on Internet search, cloud computing, and advertising technologies. EXPECTATIONS: Analysts are looking for earnings per share of $6.39 on revenue of $15.52B. The consensus range is $5.83-$6.96 for EPS, and $14.94B-$16.12B for revenue, according to First Call. LAST QUARTER: Google reported Q4 EPS $12.01 against estimates of $12.26 on revenue of $16.86B against estimates of $16.75B. Google reported Q4 paid clicks up 31% and average cost-per-click decreased approximately 11%. The company also reported Q4 Sites revenue $10.55B and Q4 Network revenue $3.52B. NEWS: Google effectively split its stock with a dividend distribution of Class C shares, which began trading in early April. In the past quarter, the company reached a deal with a European Union after sending an improved commitments proposal in context of the ongoing antitrust investigation on online search and search advertising. Google also announced that it resolved the copyright litigation with Viacom (VIA, VIAB). The company announced partnerships and agreements with VMware (VMW), Cisco (CSCO), and OmniVision (OVTI) as well as acquisitions of SlickLogin, Titan Aerospace and parts of Green Throttle Games. STREET RESEARCH: Cantor said Google is being boosted by product listing ads, which are expected to increase the company's 2014 ad revenue by $1B. Atlantic Equities and Bernstein said Google's weakness provides a buying opportunity, citing strong year-over-year revenue growth at "core Google." Bernstein added predictions that Google Play, Computer and App Engine, and Apps for Enterprise and government will become multi-billion dollar businesses. Ahead of the Q1 earnings, Susquehanna said the results should beat expectations due to continued website growth, PLAs, and early benefits from Enhanced Campaigns and YouTube. PRICE ACTION: Google shares have dropped over 8% since the first day of trading following the company's Q4 report. In Tuesday midday trading ahead of Q1 report, Google shares are down a little over 2%.
08:39 EDTGOOGNetlist patent with LRDIMM claims confirmed in reexamination
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08:20 EDTGOOGAeroVironment has limited comparability to Google acquisition, says CRT Capital
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07:11 EDTGOOGLattice FPGAs selected by Google ATAP Group for Project Ara smartphone prototype
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06:46 EDTGOOGGoogle price target raised to $700 from $650 at Jefferies
Jefferies raised its price target for Google shares to $700 ahead of the company's Q1 results on Wednesday and it keeps a Buy rating on the stock. The new price target reflects the sale of Motorola. Jefferies notes its survey indicates Google's traffic trends were solid in Q1.
06:38 EDTGOOGGoogle to use satellites to take photos, expand use of Internet, NY Times says
Google said that it would use Titan Aerospace's drone satellites to take photos of the Earth and connect people to the Internet, according to The New York Times. Google announced yesterday that it would buy Titan. Reference Link
06:02 EDTGOOGGoogle Glass goes on sale to U.S. residents today, USA Today reports
Beginning at 9 am ET, Google Glass will be available for U.S. residents for $1,500 plus tax, USA Today reports. This one-day sale is an expansion of the company's 2012 Glass Explorer program. Reference Link
April 14, 2014
14:06 EDTGOOGGoogle to acquire Titan Aerospace, WSJ says
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13:32 EDTGOOGGoogle April volatility elevated at 68 into Q1 and revenue outlook
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07:06 EDTGOOGU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
06:11 EDTGOOGIntel works with HzO to enhance water resistance in products, DigiTimes says
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April 13, 2014
20:11 EDTGOOGGoogle, Palo Alto, Cvent worth looking into, Barron's says
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April 11, 2014
06:43 EDTGOOGGoogle enhancing Android security with apps checks, Re/code says
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06:29 EDTGOOGGoogle says 'Jelly Bean' affected by Heartbleed
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05:57 EDTGOOGCisco, Juniper say some products affected by Heartbleed bug, WSJ reports
Both Cisco (CSCO) and Juniper (JNPR) have disclosed that some of their products are affected by the Heartbleed bug, the Wall Street Journal reports. The companies say the security flaw affects routers, switches and firewalls used by businesses. Reference Link
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