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Google Inc.

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Google Inc., builds products and provides services to organize the information and make it universally accessible and useful. It provides Search, a service that delivers relevant search results in response to user queries; Product Listing Ads that offer product information.

 

BALANCE SHEET

Google Inc. earned $3.3 billion, or $9.94 per share, during the opening three months of the year. That was a 16 percent increase from $2.9 billion, or $8.75 per share, last year. If not for certain expenses, Google said it would have earned $11.58 per share. Revenue climbed 31 percent from last year to $14 billion. After subtracting advertising commissions, Google's revenue totaled $11 billion — about $335 million below analyst estimates. The first-quarter numbers show that a recent decline in Google's average ad prices is easing. That's an indication that marketers are starting to pay more for the ads that Google distributes to smartphones and tablet computers. Google's average price, or the "cost per click" to advertisers, has fallen from the previous year in six consecutive quarters, including the opening three months of the year.

 

GOOG PE stands at 24.83 below the industry average of 67.86 and above the S&P 500 average of 16.70. The stock is currently trading 9% below its intrinsic value of $874.82 this suggests that the stock is undervalued at these levels. GOOG's current Price/Sales of 5.03 is above the average of its industry of 2.33. The beta of 1.15 implies higher volatility of the stock with respect to the S&P 500. GOOG’s Total Debt/Equity is 7.70 and is acceptable for our model. At the end of the quarter, Google had $50.1 billion in cash and cash equivalents. The company pays no dividend.

 

I believe GOOG is still a buy

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Google Inc., builds products and provides services to organize the information and make it universally accessible and useful. It provides Search, a service that delivers relevant search results in response to user queries; Product Listing Ads that offer product information.

 

BALANCE SHEET

Google Inc. earned $3.3 billion, or $9.94 per share, during the opening three months of the year. That was a 16 percent increase from $2.9 billion, or $8.75 per share, last year. If not for certain expenses, Google said it would have earned $11.58 per share. Revenue climbed 31 percent from last year to $14 billion. After subtracting advertising commissions, Google's revenue totaled $11 billion — about $335 million below analyst estimates. The first-quarter numbers show that a recent decline in Google's average ad prices is easing. That's an indication that marketers are starting to pay more for the ads that Google distributes to smartphones and tablet computers. Google's average price, or the "cost per click" to advertisers, has fallen from the previous year in six consecutive quarters, including the opening three months of the year.

 

GOOG PE stands at 24.83 below the industry average of 67.86 and above the S&P 500 average of 16.70. The stock is currently trading 9% below its intrinsic value of $874.82 this suggests that the stock is undervalued at these levels. GOOG's current Price/Sales of 5.03 is above the average of its industry of 2.33. The beta of 1.15 implies higher volatility of the stock with respect to the S&P 500. GOOG’s Total Debt/Equity is 7.70 and is acceptable for our model. At the end of the quarter, Google had $50.1 billion in cash and cash equivalents. The company pays no dividend.

 

I believe GOOG is still a buy

 

Google is always going to be a Buy as long as Sergey Brin,Eric Schmidt and Larry Page are there. They know how to do the business, what to acquire and not to acquire.

 

They are same as how Steve Jobs was important to Apple inc. Apple deteriorated after Steve jobs was gone cause he was the main link in the company that was making the difference.

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Google has been growing at an impressive clip for a company of its size. Its ability to keep growing has given the company a market value of more than $263 billion, second only to Apple Inc. among technology companies.

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Earnings per share are in a solid uptrend, while both gross and net margins have declined. These diverging trends can be viewed from either a glass half full or glass half empty perspective.

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CEO Larry Page is taking a step back to focus on the "bigger picture”. Former Android and Chrome head Sundar Pichai will now lead all of Google's core products. Google sent an internal memo to employees this afternoon to explain the changes.

 

Pichai will now head up research, search, maps, Google+, commerce and ads, and infrastructure, in addition to Android, Chrome, and Google Apps. The six executives leading each of those product areas will now report directly to Pichai instead of Page. YouTube, run by Susan Wojcicki, will not be under Pichai's domain.

 

Read more: Google Exec Reorganization - Business Insider

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CEO Larry Page is taking a step back to focus on the "bigger picture”. Former Android and Chrome head Sundar Pichai will now lead all of Google's core products. Google sent an internal memo to employees this afternoon to explain the changes.

 

Pichai will now head up research, search, maps, Google+, commerce and ads, and infrastructure, in addition to Android, Chrome, and Google Apps. The six executives leading each of those product areas will now report directly to Pichai instead of Page. YouTube, run by Susan Wojcicki, will not be under Pichai's domain.

 

Read more: Google Exec Reorganization - Business Insider

 

 

Google management CEO Larry pages in transferring leadership of core google product to sundar pichai, According to sources close to the situation….

 

Here you can read more: Exclusive: Google CEO Larry Page Reorgs Staff, Anoints Sundar Pichai as New Product Czar | Re/code

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