Research archive for GOOG

Alphabet (Google) announced that it has reached a deal to buy a cyber security company called Mandiant for around $5.4 billion. The deal will bolster their cloud business with increased cybersecurity offerings at a time when companies are experiencing waves of attacks on their systems. This deal is the second-largest in history for Alphabet after the Motorola Mobility deal which cost the company a cool $12.5 billion.

Google's parent Alphabet had results out on Tuesday night that were very, very good. That sent shares up to a new all-time high in trading on Wednesday, above $3 000 per share. They closed up 7.5% on the day.

Alphabet (Google) announced that it will invest about $700 million to buy 1.28% of Bharti Airtel. An additional $300 million will be available to grow the company's infrastructure over the next five years.

Google has confirmed that it acquired Israeli cybersecurity startup Siemplify in an effort to add security orchestration, automation, and response (SOAR) capabilities to its cloud business. The transaction will set Google back by $500 million which is a blip in the ocean for a company with over $169 billion in cash.

Alphabet's market cap crossed the $2 trillion mark for the first time yesterday, joining Apple and Microsoft in this exclusive club. I have to mention that all three companies are part of the Vestact model portfolio. What's even more mind-blowing is that Alphabet only hit the $1 trillion mark in January last year, making it the fastest to go from $1 trillion to $2 trillion.

Last night Alphabet, the parent company of Google, Android and Youtube released third-quarter results. As expected, the numbers were impressive. Revenues came in at $65 billion, 41% higher than this time last year. Net income came in at $19 billion, up 68% versus the comparative period. Wow!

Yesterday, Google Cloud announced a new feature that provides its users with custom carbon footprint tracking, to track the emissions their cloud usage generates. This is the first step towards being carbon-free, a goal that Google Cloud has set to achieve in the next decade.

The big tech companies are the largest and most profitable businesses around at the moment. It means that they are easy targets for lawyers and regulators. If lawyers can get even the smallest allegation to stick, it could result in large and very public fines. Currently all of these companies are involved in numerous court cases around the world.

After the market closed last night, Google (also known as Alphabet), reported its second-quarter numbers. The street had high expectations for the company, but those were easily surpassed as Google posted its fourth consecutive quarter of record profits. The stock is up another 3% in after-hours trade.

We often talk about how massive companies compete against each other. But leading tech giants also do a lot business together. Did you know that Apple is Google Cloud's biggest client? When you pay Apple a monthly iCloud fee for your data storage, you are actually using Google.

On Tuesday, Alphabet (Google) released blockbuster first quarter numbers. Revenues shot up 34% to $55.3 billion. The biggest rise was from advertising revenues which increased from $33.8 billion to $44.7 billion year-on-year, the fastest growth in four years!

Over the last two weeks, education companies Advtech and Curro both released okay looking numbers. Nursery school divisions have been weak because there is no legal requirement to send a child to nursery school. Both groups successfully launched digital-only schools. Online learning is becoming the new norm, so it makes sense to have digital-only schools. Not having to build and maintain a physical campus is a huge saving!

Taking a cut on app store transactions has become a controversial topic after the big rift between Apple and Epic Games. Apple App Store and Google Play (Android) are the top 2 players in that world. Their argument is that they created the platforms, meaning they should get their pound of flesh for every purchase. Makes sense. The problem for the developers is that the pound of flesh is currently 30%. Is that too high? Maybe.

I have run out of words to describe what a good investment owning shares in Google has been. Yes, really. This company is amazing. They were out with quarterly results again on Tuesday night and they really delivered superlative numbers. The stock price went up 10% at one point on Wednesday. They now trade above $2 000 a share.

Alphabet/ Google was one of the many tech companies to report on Thursday night. Thanks to a strong beat on expectations, the stock managed to close up 3.8% - good going consider the overall beating that the Nasdaq took on Friday. Google reported revenue of $46bn and EPS of $16.20, analysts were only expecting $43bn and $11.18, respectively.