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Stock Market & Financial Investment News

News Breaks
January 31, 2014
12:52 EDTGOOGGoogle advances after reporting higher than expected revenue
Shares of Google (GOOG) are climbing after the company reported higher than expected fourth quarter revenue, but lower than expected profit. WHAT'S NEW: Google's fourth quarter earnings per share came in at $12.01, versus analysts' consensus estimate of $12.26. The company's revenue came in at $16.86B, surpassing the consensus estimate of $16.75B. Google stated that the volume of clicks on paid ads jumped 31% last quarter versus the same period in 2012, while the average cost per click fell about 11% over the same period. Revenue from the company's sites rose to $10.55B last quarter, up from $8.64B in the same period in 2012. Gross revenue from its Google segment climbed 22%, while the company's other revenue surged 99% to $1.6B. The large increase in other revenue was driven by higher sales of apps and content from the company's Play store. Google said the momentum of its new product listing ads was strong, while sales of its hardware devices were also strong. ANALYST REACTION: A number of research firms reacted to Google's results by increasing their price targets on the stock. Deutsche Bank analyst Ross Sandler increased his price target on the shares to $1,310 from $1,220. He wrote that the growth of the company's core business accelerated, and the company should benefit from a significant increase in the number of mobile transactions,and kept a Buy rating on the stock. FBN Securities analyst Greg Naso increased his price target on the stock to $1,400 from $1,300. The search giant announced earlier this week that it was selling the Motorola Mobility unit, which should cause Google's profitability to rise significantly and is a strong positive for the company, Naso believes. He reiterated an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Google shares climbed $44.67, or 3.93%, to $1,180.06.
News For GOOG From The Last 14 Days
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August 21, 2015
17:40 EDTGOOGEU intensifies Google antitrust investigation, WSJ reports
The European Union is deepening its probe into allegations that Google abuses its dominance in advertising contracts with website operators and copies content from its competitors, the Wall Street Journal reports. Reference Link
13:50 EDTGOOGOn The Fly: Weekly technical notes, Gold, S&P 500, Germany, China, Energy
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13:38 EDTGOOGGoogle says brings tweets to mobile Google search app, desktop
In May, Google announced that it was bringing Tweets to Google Search on mobile devices. The company today updated the blog entry to say that it has "extended this to the desktop now, too, and in English everywhere." Reference Link
11:12 EDTGOOGQualcomm reportedly to enter consumer drone market
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10:34 EDTGOOGSamsung working on Android tablet with 18.4-inch display, Sam Mobile reports
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08:11 EDTGOOGDaimler AG could collaborate with Google, Apple, Reuters says
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06:18 EDTGOOGGoogle's Brin says life sciences group to become standalone company
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06:01 EDTGOOGABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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05:55 EDTGOOGGoogle building EUR150M data center in West Dublin, Independent.ie reports
Google is investing EUR150M to build a new data center in West Dublin, Ireland, Independent.ie reports. The first construction phase, which will create 400 jobs, is expected to be completed later this year. Reference Link
August 20, 2015
19:35 EDTGOOGGoogle tests video ads in search results, Digiday says
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18:59 EDTGOOGGoogle, Amazon, private equity compete for Indian data center unit, ET says
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12:56 EDTGOOGSmall drones bringing air traffic problems in U.S., Washington Post reports
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07:06 EDTGOOGGoogle loses some user data due to Belgium lightning strike, BBC News reports
Google has lost some data due to a lightning strike in Belgium, BBC News reports. While lightning did not strike the company's data center, the local power grid was struck by lightning four times, and some users' data has been permanently lost as a result. Reference Link
05:56 EDTGOOGGoogle Express to shut down two California delivery hubs, Re/code says
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August 19, 2015
13:13 EDTGOOGGoogle says to open YouTube production space in Mumbai 'soon'
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10:42 EDTGOOGAnalyst increases Google price target by $265, upgrades to buy
Research firm Atlantic Equities upgraded Google (GOOG, GOOGL) to Overweight from Market Weight, saying that it is more upbeat on the company's search business, while YouTube is becoming a major growth driver. Additionally, the search giant's margins look poised to improve, the firm stated. Overweight is Atlantic's equivalent of a buy rating. WHAT'S NEW: Google's second quarter results showed that its search business is weathering the transition to mobile better than expected, Atlantic Equities analyst James Cordwell stated in a note to investors today. Meanwhile, YouTube's revenue, despite growing very quickly, can rise even further since it still accounts for just roughly 5% of global TV viewing outside of China, according to Cordwell. Additionally, the movement of ad dollars from conventional TV to online TV looks set to accelerate, the analyst believes. Furthermore, Google is undertaking initiatives that should cause the amount of money it obtains from each mobile click to rise, the analyst believes. Commenting on the outlook for Google's margins, Cordwell believes that they should be boosted by the cost cuts being undertaken by the company's new CFO. The analyst raised his price target on the company's Class A shares to $825 from $560. PRICE ACTION: In mid-morning trading, Google's common stock rose $2.60 to $658.73 and its Class A shares rose $2.70 to $691.43.
10:00 EDTGOOGOn The Fly: Analyst Upgrade Summary
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06:53 EDTGOOGDeutsche Telekom exec calls for internet firms to subsidize online ads, FT says
Deutsche Telekom (DTEGY) senior vice president of technology strategy, governance, and programs Tomasz Gerszberg has called for internet companies such as Google (GOOG) and Facebook (FB) to subsidize users' mobile subscriptions due to the new way advertising takes over data allowances, the Financial Times reports, citing an article Gerszberg wrote on LinkedIn. The Deutsche Telekom executive said that consumers need to be protected from rising data charges related to "annoying" online ads, the report says. Reference Link
06:25 EDTGOOGGoogle upgraded to Overweight from Neutral at Atlantic Equities
Atlantic Equities analyst James Cordwell upgraded Google (GOOG, GOOGL) to Overweight and raised his price target for shares to $825 from $560. The search giant closed yesterday down $5.38 to $688.73. Google's YouTube unit "continues to grow very rapidly," while the revenue growth of Google Websites suggests the company is navigating the mobile transition on search better than expected, Cordwell tells investors in a research note. Further, a greater focus on costs by the new CFO is driving improved profitability, a trend that should continue, the analyst argues. Cordwell expects continued outperformance of Google shares.
05:56 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
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