Company Update (NASDAQ:GOOG): Oracle Seeks $9.3 Bil From Google Over Java Use; Trial Nears

[at Investor’s Business Daily] – Oracle (ORCL) stock slipped nearly 1% and Alphabet (GOOGL) stalled flat following a report that Oracle will seek as much as $9.3 billion in damages from Google Android’s use of Oracle’s iconic Java software. … Read more on this. Alphabet Inc. (GOOG) , with a current market cap of $504.90B, started the session at $736.79. Looking at the stock, its one day range is $732.50 to $738.99 with its 52-week range being $515.18 to $789.87. GOOG shares are currently priced at 21.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.40x earnings multiple. In a review of the consensus earnings estimate this quarter, 37 sell-side analysts are looking at $7.94 per share, which would be $1.06 better than the year-ago quarter and a $0.14 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $34.62, which would be a $5.04 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.32 Billion. If reported, that would be a 17.73% increase over the year-ago quarter. More recently, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. Given all the information above, we should disclose to readers that the average price target is $930.08, which is 26.23% above than it opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update (NYSE:ORCL): Oracle Seeks $9.3 Bil From Google Over Java Use; Trial Nears Company Update: Google Inc (NASDAQ:GOOG) – Google invented this weird-looking gadget to collect people’s medical info Market Update (NASDAQ:GOOG): France seeks 1.6 billion euros in back taxes from Google -source