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by winston » Tue Aug 29, 2023 9:47 pm
Revenue of $74.6 billion (up 7% year over year) and diluted earnings per share of $1.44 (up 19%).
As of June 30, the company had $118 billion of cash, cash equivalents, and marketable securities on its balance sheet, with under $14 billion of long-term debt.
Shares currently trade at a forward price-to-earnings ratio of 23.2.
by behappyalways » Sun Sep 03, 2023 9:17 pm
by behappyalways » Mon Sep 04, 2023 4:28 pm
by behappyalways » Sun Sep 17, 2023 1:23 pm
by winston » Wed Sep 27, 2023 10:21 pm
It’s a major player in quantum computing too. Their 72-qubit processor, Bristlecone, reduces data testing errors and works smoothly with critical software and field control electronics.
Together, institutional investors now own 27.13% of Alphabet’s outstanding shares.
Despite the gradual nature of benefiting from this trend, two factors could support and potentially enhance recent stock gains: ongoing recovery in digital advertising demand and cost-saving measures implemented in the past year.
by winston » Sun Oct 01, 2023 5:54 pm
Wedbush cited AI growth, as well as the rebound in enterprise IT spending.
The company also has the digital ad rebound, plus the positive impact of cost reduction efforts on its side.
Reasonable valuation (23.3 times forward earnings), coupled with the prospect of healthy earnings growth.
by behappyalways » Sun Oct 08, 2023 6:16 pm
by winston » Mon Oct 09, 2023 9:46 pm
With a multitude of economic datapoints pointing to slower growth or a potential recession, the company’s advertising-driven operating segments could see a sales slowdown.
Additionally, faster-growing businesses might choose to lower their cloud-based spending until the economic climate is more certain. This would likely slow the growth rate for Google Cloud.
There’s no question Google is the go-to for advertisers seeking to reach a broad audience or target their marketing campaign. Translation: Alphabet’s Google possesses exceptionally strong pricing power during long-winded periods of economic expansion.
While Google serves as a steady cash-flow foundation for Alphabet, it’s the company’s ancillary operating segments that are far more exciting for long-term investors.
For instance, Google Cloud has generated an operating profit in each of the past two quarters after years of losses. Traditionally, cloud services generate considerably higher margins than advertising. If Google Cloud continues to grow by a double-digit pace, which seems feasible given that enterprise cloud spending is still in its early innings, this segment could become Alphabet’s leading cash-flow driver within a couple of years.
Don’t overlook YouTube, either. The introduction of Shorts (short-form videos often lasting less than 60 seconds) has ballooned viewership and created new advertising opportunities. YouTube trails only Facebook as the world’s most-visited social site.
Lastly, Alphabet’s valuation is historically cheap, which makes its stock ripe for the picking. As of the closing bell on Oct. 3, 2023, shares of Alphabet could be purchased for just below 20 times forward-year earnings and roughly 14 times forward-year cash flow. Over the past five years, Alphabet has averaged a valuation of 25 times forward-year earnings and 18 times forward-year cash flow.
by winston » Wed Oct 25, 2023 8:14 am
by winston » Fri Oct 27, 2023 8:30 am
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