(GOOG) Google Incorporated – Bull of the Day

Google‘s (GOOG) third quarter earnings beat the Zacks Consensus Estimate, signaling a much stronger second half of 2010 than anticipated. Additionally, Google provided color on its display, mobile and video business for the first time this quarter, which resulted in nearly all analysts raising estimates for the year.

While the growing competition is always something to look out for, we cannot ignore Google’s market position, solid cash flow, focus on innovation, technology and infrastructure, strategic acquisitions and proactive approach to mobile. Consequently, we are upgrading the shares to Outperform.

GOOG shares are currently trading at a discount to its closest competitor, Yahoo! Inc. We believe the company’s solid position in the core search market and other growth initiatives justify a premium to the peer group.

GOOGLE INC-CL A (GOOG): Free Stock Analysis Report

Zacks Investment Research

About vitalstocks

This is a sample profile field. Vitalstocks is the operating company for Stockbloghub. This will place the picture of the author or company in the profile. Here is another extra line of information.

Comments

Powered by Facebook Comments


Similar Posts: | | Internet Information Providers | Technology

RSS feeds: GOOG | Google Inc. | Internet Information Providers | Technology |

Other Posts by | RSS Feed for this author