Market Update (NASDAQ:AMZN): Red Hat Earnings Report Ahead: Amazon A Threat In Linux Landscape?

[at Investor’s Business Daily] – There’s a notion out there, says Deutsche Bank analyst Karl Keirstead, that Amazon’s (AMZN) flavor of the Linux open-source operating system is about as good as other Linux distributions — and since it’s … Read more on this. Amazon.com, Inc. (AMZN) , valued at $257.02B, started trading this morning at $548.91. Today’s price range has been between $538.58 and $551.77 per share with a one year range of $365.65 to $696.44. AMZN shares are currently priced at 121.62x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.78x forward p/e ratio. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $0.58 per share, which would be $0.58 worse than the year-ago quarter and a $0.30 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.60 is a $3.35 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $27.96 Billion. If reported, that would be a 23.06% increase over the year-ago quarter. In terms of ratings, Canaccord Genuity upgraded AMZN from Hold to Buy (Feb 18, 2016). Previously, Susquehanna Initiated AMZN at to Positive. Given all the information above, we should disclose to readers that the average price target is $736.27, which is 34.13% above than it opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Company Update (NASDAQ:AMZN): [$$] Amazon Platform Likely Not a 2U Threat Market Update (NASDAQ:AMZN): Amazon Web Services Announces Amazon Lumberyard — A Free, Cross-Platform, 3D Game Engine Integrated with AWS and Twitch Market Update: Amazon.com Inc (NASDAQ:AMZN) – Tech Earnings: Amazon.com Inc and Alphabet Inc Go Bonkers