Company Update (NASDAQ:GOOG): Like Apple, Google Android Said Ordered To Unlock Smartphones

[at Investor’s Business Daily] – Apple (AAPL) isn’t the only tech giant to face government demands to unlock cellphones. Alphabet (GOOGL) unit Google reportedly has been ordered to help federal agents open cellphones in seven states. … Read more on this. Alphabet Inc. (GOOG) , currently valued at $516.60B, started the session at $749.88. During today’s session, GOOG traded between $748.74 to $757.88 and has traded between $515.18 and $789.87 over the past year. Priced at 21.51x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry’s 17.40x forward p/e ratio. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $7.94 per share, which would be $1.06 better than the year-ago quarter and a $0.14 sequential increase. What we find to be interesting is that the full-year EPS estimate of $34.62 is a $5.04 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.32 Billion. If realized, that would be a 17.73% increase over the year-ago quarter. Recently, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. The average price target for GOOG shares by the analysts covering the stock is $930.08, which is 24.03% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update (NASDAQ:AAPL): Like Apple, Google Android Said Ordered To Unlock Smartphones Stock Update: Google Inc (NASDAQ:GOOG) – Google to take on Apple in the UK with Android Pay Company Update (NASDAQ:GOOG): Google gives peek at new Android system