GOOGL - Alphabet Inc.
1,439.50 -2.81 (-0.19%)
After hours: 5:45PM EDT
Chart Events
Hanging Man
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 1,434.87 |
| Open | 1,435.00 |
| Bid | 1,439.50 x 1200 |
| Ask | 1,441.50 x 1300 |
| Day's Range | 1,421.61 - 1,443.00 |
| 52 Week Range | 1,008.87 - 1,530.74 |
| Volume | 1,109,786 |
| Avg. Volume | 2,714,333 |
| Market Cap | 983.52B |
| Beta (5Y Monthly) | 1.06 |
| PE Ratio (TTM) | 29.10 |
| EPS (TTM) | 49.57 |
| Earnings Date | Jul 23, 2020 - Jul 27, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1,525.22 |
Fair Value
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- Bloomberg
Zoom Transforms Hype Into Huge Jump in Sales, Customers
(Bloomberg) -- Zoom Video Communications Inc. reported quarterly sales that leapfrogged estimates, showing that a surge in demand for its video-conference service during the coronavirus pandemic has translated into more paying customers. The company also about doubled its annual revenue forecast.Revenue increased about 170% to $328.2 million in the period that ended April 30, the San Jose, California-based company said Tuesday in a statement. Analysts, on average, expected $203 million, according to data compiled by Bloomberg. Profit, excluding some items, was 20 cents a share, compared with analysts’ average projection of 9 cents.Zoom projected sales of as much as $1.8 billion in the fiscal year, from a forecast of as much as $915 million in early March. Analysts estimated $930.8 million.Chief Executive Officer Eric Yuan has tried to ensure that his virtual-meeting platform can cope with a swell of demand from people forced to remain home to prevent the spread of Covid-19. While security and privacy issues plagued the system early in the quarantine, Zoom has become an essential social network, attracting more than 300 million participants some days, up from 10 million in December. The software maker allows gatherings of as long as 40 minutes for no charge. While Zoom has attracted more buzz than corporate rivals, its ability to attract more paying customers will determine how well it’s faring against competition from Microsoft Corp., Cisco Systems Inc. and Alphabet Inc.’s Google.Shares increased 4% in extended trading after closing at a record $208.08 in New York. The stock has more than tripled this year.Zoom said it ended the quarter with about 265,400 customers with more than 10 employees, a more than fourfold increase from the same period a year earlier. The company now has 769 corporate clients that have spent more than $100,000 on Zoom’s products over the last 12 months, about double from a year earlier.The company said its expects adjusted profit in the fiscal year will be $355 million to $380 million, or $1.21 to $1.29 a share. Analysts had estimated 46 cents, just more than Zoom’s earlier forecast. The company has been spending to bolster its network capacity, including by buying cloud-computing services from Oracle Corp. during the pandemic. Zoom also continues to use Amazon.com Inc.’s cloud service.With Zoom’s popularity has come controversy over the company’s security practices. Trolls have invaded myriad meetings, religious gatherings and other events, to share pornography and shout profanity or racial epithets, in a phenomenon known as “Zoombombing.” The company highlighted or created a raft of tools users can employ to prevent the virtual attacks, including passwords and waiting rooms.There also were instances when Zoom calls were routed through servers in China even when no participant was based there and users were unwittingly sending metadata to Facebook Inc. when they signed in. Zoom put an end to both practices. The company pledged to commit to bolstering privacy over all other concerns for three months, purchasing a secure-messaging company, Keybase, to bring the highest standard of encryption to the platform, and hiring cybersecurity experts to guide safety efforts.(Updates with profit forecast in the seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Twitter Names Inovia’s Patrick Pichette as Board Chairman
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- Bloomberg
Apple Music Pauses Browse Feature in Support of #BlackOutTuesday
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- Barrons.com
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- MarketWatch
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Don’t Miss This Seminal Moment for Racial Justice, Travel Industry
One of my favorite expressions, which seems particularly appropriate as U.S. cities burn anew, is “a luta continua,” Portuguese for “the struggle continues.” Because 52 years after the 1968 uprisings and riots, which were triggered by the assassination of Martin Luther King Jr. and so much more, one can make the argument that not much […]
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Facebook, Apple, Nike and other companies support protesters with donations and hashtags
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Coronavirus update: Global case tally tops 6 million as weekend protests spark concerns they will lead to an increase in infections
The number of global cases of the coronavirus that causes COVID-19 climbed above 6 million on Monday, after a weekend dominated by protests across the U.S. at the death of an unarmed black man at the hands of a white police officer in Minneapolis last week.
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After a spate of device hacks, Google beefs up Nest security protections
Google has added its line of Nest smart home devices to its Advanced Protection Program, a security offering that adds stronger account protections for high-risk users like politicians and journalists. The program, launched in 2017, allows anyone who signs up access to a range of additional account security features, like limiting third-party access to account data, anti-malware protections and allowing the use of physical security keys to help thwart some of the most advanced cyberattacks. Google said that adding Nest to the program was a "top request" from users.
- Barrons.com
Zoom Reports Earnings Today. Here’s What to Expect.
(ZM) shares never cease to amaze. The stock has nearly tripled for the year to date, driving the company’s market capitalization to $56 billion, about 60 times projected revenues for the year. For the April quarter, Zoom has projected revenue of $199 million to $201 million, with profits of 10 cents a share.
- Investopedia
How Corporate America Is Reacting to the Protests
The death of African American George Floyd at the hands of a Minneapolis police officer has triggered protests in multiple U.S. cities. While mostly peaceful, demonstrations grew violent in some cities, promoting the deployment of the National Guard as some protestors set vehicles and buildings on fire, engaged in acts of vandalism and looted stores. U.S. Google & YouTube homepages said, "We stand in support of racial equality, and all those who search for it.""For those feeling grief, anger, sadness & fear, you are not alone," said CEO Sundar Pichai in a statement.
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Europeans Want to Travel Again. What That Means for Booking Stock.
Increased interest in travel in Europe could bode well for Booking Holdings stock, one analyst says.
