3 Things Investors Are Missing About Google's Cloud Business
Share prices of (NASDAQ: GOOG) (NASDAQ: GOOGL) tumbled following the release late Tuesday of its third-quarter results. Most of its businesses are doing well enough, but its cloud computing segment fell short of expectations over reports of slowing growth.
You might want to use the stock's sizable pullback as an entry opportunity, though. The market is mostly missing a handful of details about the company's cloud business.
Alphabet turned $76.7 billion in revenue into earnings per share (EPS) of $1.55 during the third quarter ending in September. Both figures are measurably up from year-earlier levels, and both beat analysts' consensus estimates of $76 billion in sales and EPS of $1.45.
Source Fool.com
Alphabet Inc. A Stock
€154.46
1.260%
The stock is an absolute favorite of our community with 80 Buy predictions and no Sell predictions.
As a result the target price of 161 € shows a slightly positive potential of 4.23% compared to the current price of 154.46 € for Alphabet Inc. A.
