The recent rise in the price of gold has changed the shape of its chart, suggesting $1,340 to be the new long-term price target.
RSS FEED» HelpCurrent DateTime: 08:44:37 18 Aug 2010LinksList Documentid: 30111251Subscribe to this RSS feed dapMgr.enableACB("ContextBlog300",false); dapMgr.renderAd("ContextBlog300","&PG=CNBAL3&AP=1089&PN=CNBC",300,250); CNBC ON DIGGpowered by diggsetDefault('cnbc_textbody');Where Google Stands Six Years after Going Public Published: Wednesday, 18 Aug 2010 | 11:43 AM ET Text Size By: Giovanny MoreanoQuantitative AnalystDigg getDiggParams(); Buzz cnbc_createYBuzzURL(); function fbs_click() {u=location.href;t=document.title;window.open('http://www.facebook.com/sharer.php?u='+encodeURIComponent(u)+'&t='+encodeURIComponent(t),'sharer','toolbar=0,status=0,width=626,height=436');return false;} FacebookTwitter cnbc_createTwitterURL(); addthis_pub = 'cnbccomrssfeeds'; addthis_hide_embed=false; addthis_options = 'linkedin, digg, delicious, google,facebook,more'; More ShareThursday marks the sixth anniversary of the Google's IPO. Although the company's share price is down about 20 percent this year, it's up an amazing 389 percent since the initial public offering on August 19, 2004.
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Since then, it has become synonymous with search. It is both a noun and a verb. And, it has revolutionized the Internet.
Google GOOGloading... cnbc_WSODChartLoad('http://api-cdn.cnbc.com/api/chart/chart.asp?&type=small&charttype=price&timeframe=3month&realtime=1&symbol=GOOG&showHeader=&showSidebar=0&hideExchange=0&changeOverTime=0&showExtendedHours=0','cnbcWSOD_chartID0EUEAC'); Quote | Chart | News | Profilecnbc_comboQuoteMove('popup_goog_ID0EUEAC15839609');[GOOG Loading... () ] cnbc_quoteComponent_init_getData("goog","WSODQ_COMPONENT_GOOG_ID0EUEAC15839609","WSODQ","true","ID0EUEAC15839609","off","false","inLineQuote"); got its start as a 1996 research project by a pair of Stanford PhD students, Sergey Brin and Larry Page. Two years later, it was incorporated in a friend's garage. And in 1999, Google received $25 million in funding from Silicon Valley venture capital firms. Five years later, the company went public, selling shares in a unique Dutch auction. Although Google's IPO got off to a rough start, it ranked among the biggest technology offerings ever. Shares originally priced at $85, about 25 percent below the intended price. And the size of the offering dropped by the same figure, to 19.6 million shares. The IPO gave Google a $23 billion market capitalization. Google's stock hit $700 a share in October, 2007, the same month the Dow reached its all-time high (although Google trades on the Nasdaq).
The company has become much more than a search engine, introducing many new products, such as Google Maps, Google News, and Gmail. As part of its expansion, Google has acquired other businesses, including YouTube, DoubleClick, and AdMob.
At the recent Techonomy conference in Lake Tahoe, Calif, CEO Eric Schmidt said Google is now acquiring, on average, two companies a month. What follows are some facts and figures about Google, as it celebrates its sixth birthday as a public company.
Stock Performance & Valuation
Close on August 17, 2010: $490.52Median price target: $630 (Source: Thomson One)All time intraday high: $747.24 on November 7, 2007All time closing high: $741.79 on November 6, 2007P/E: 21.22Price / Book: 4.48xTEV / EBITDA (Latest Twelve Months): 13.98xStock Price Percent Change
YTD: -21%1-Year: +10%3-Year: -2%5-Year: +72%Revenue:
2009 Revenue: $17.5 billion of which 47.3% was domesticLatest Qtr: $5.1 billion (Q1 2010)Google beat revenue estimates for 6 of the past 8 quartersForecast 2010 Revenue: $21.2 billionRevenue Growth (2009-10): 21%Earnings:
2009 EPS: $23.20Google beat annual EPS estimates for 4 of the past 5 yearsLatest Qtr: $6.45 (Q2 2010)Beat quarterly EPS estimates for 7 consecutive quarters, missed the last oneForecast 2010 EPS: $27.28EPS Growth (2009-10): 18%Analysts' Recommendations:
Strong Buy: 15Buy: 16Hold: 6Sell: 0Underperform: 1Three Highest Paid Executives
Nikesh AroraPresident of Global Sales Operations & Business DevelopmentHe is responsible for the business across 28 offices in Europe, Middle East, and Africa Operations with a team of over 2,500 peopleMr. Arora joined Google in 2007 and is based in LondonTotal Annual Compensation: $26.3MPatrick PichetteChief Financial OThursday marks the sixth anniversary of the Google's IPO. Although the company's share price is down about 20 percent this year, it's up an amazing 389 percent since the initial public offering on August 19, 2004.
Getty Images
Since then, it has become synonymous with search. It is both a noun and a verb. And, it has revolutionized the Internet.
Google GOOGloading... Quote | Chart | News | Profilecnbc_comboQuoteMove('popup_goog_ID0EUEAC15839609');[GOOG Loading... () ] cnbc_quoteComponent_init_getData("goog","WSODQ_COMPONENT_GOOG_ID0EUEAC15839609","WSODQ","true","ID0EUEAC15839609","off","false","inLineQuote"); got its start as a 1996 research project by a pair of Stanford PhD students, Sergey Brin and Larry Page. Two years later, it was incorporated in a friend's garage. And in 1999, Google received $25 million in funding from Silicon Valley venture capital firms. Five years later, the company went public, selling shares in a unique Dutch auction. Although Google's IPO got off to a rough start, it ranked among the biggest technology offerings ever. Shares originally priced at $85, about 25 percent below the intended price. And the size of the offering dropped by the same figure, to 19.6 million shares. The IPO gave Google a $23 billion market capitalization. Google's stock hit $700 a share in October, 2007, the same month the Dow reached its all-time high (although Google trades on the Nasdaq).
The company has become much more than a search engine, introducing many new products, such as Google Maps, Google News, and Gmail. As part of its expansion, Google has acquired other businesses, including YouTube, DoubleClick, and AdMob.
At the recent Techonomy conference in Lake Tahoe, Calif, CEO Eric Schmidt said Google is now acquiring, on average, two companies a month. What follows are some facts and figures about Google, as it celebrates its sixth birthday as a public company.
Stock Performance & Valuation
Close on August 17, 2010: $490.52Median price target: $630 (Source: Thomson One)All time intraday high: $747.24 on November 7, 2007All time closing high: $741.79 on November 6, 2007P/E: 21.22Price / Book: 4.48xTEV / EBITDA (Latest Twelve Months): 13.98xStock Price Percent Change
YTD: -21%1-Year: +10%3-Year: -2%5-Year: +72%Revenue:
2009 Revenue: $17.5 billion of which 47.3% was domesticLatest Qtr: $5.1 billion (Q1 2010)Google beat revenue estimates for 6 of the past 8 quartersForecast 2010 Revenue: $21.2 billionRevenue Growth (2009-10): 21%Earnings:
2009 EPS: $23.20Google beat annual EPS estimates for 4 of the past 5 yearsLatest Qtr: $6.45 (Q2 2010)Beat quarterly EPS estimates for 7 consecutive quarters, missed the last oneForecast 2010 EPS: $27.28EPS Growth (2009-10): 18%Analysts' Recommendations:
Strong Buy: 15Buy: 16Hold: 6Sell: 0Underperform: 1Three Highest Paid Executives
Nikesh AroraPresident of Global Sales Operations & Business DevelopmentHe is responsible for the business across 28 offices in Europe, Middle East, and Africa Operations with a team of over 2,500 peopleMr. Arora joined Google in 2007 and is based in LondonTotal Annual Compensation: $26.3MPatrick PichetteChief Financial Officer, Principal Accounting Officer and Senior Vice PresidentTotal Annual Compensation: $24.7MRobert Alan EustaceSenior Vice President of Engineering & ResearchTotal Annual Compensation: $15.2Source: CNBC Analytics, Capital IQ and Thomson Reuters
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