Alphabet Inc (NASDAQ:GOOG) officially announced third undersea internet cable project

Alphabet Inc (NASDAQ:GOOG) has officially announced its third undersea internet cable project which will connect Africa and Europe through Portugal. The company is also building multiple “branching units” into the system, which will allow it to expand into other countries in the region such as Nigeria in the near future.

The stock Earnings per share (EPS) and the diluted EPS are the profitability measures used in the fundamental analysis of companies. The figure of EPS only takes into account a Alphabet Inc(NASDAQ:GOOG) common shares, whereas the very important diluted EPS take into account all the convertible securities such as convertible bonds/convertible preferred stock, which are changed into equity or common stock. Dilutive effects occur when the number of shares increases, for example, through a new issue. If a company issues more shares to shareholders and other investors, this increases the number of shares outstanding and decreases the company’s earnings per share. Ultimately, this can decrease the stock price.Alphabet Inc (NASDAQ:GOOG) Diluted EPS is 39.86, whereas the EPS Estimate for next year is 53.74. Alphabet Inc (NASDAQ:GOOG) yearly performance is -2.09%. 

Key Performance indicators for Alphabet Inc (NASDAQ:GOOG), in last 4 months the performance of GOOG was -7.88% while its price to sale ratio is 5.18 and price to book ratio is 4.09. 

On 28 June 2019, Alphabet Inc (NASDAQ:GOOG), a Technology sector firm, traded 1.69 Million shares in last trading session and stock moved up 0.46% with closing price of $1080.91 per share. withAlphabet Inc (NASDAQ:GOOG) traded 1.69 Million shares. The GOOG distance from 20 day simple moving average is -0.12% and distance from 50-Day simple moving average is -5.37%.The relative strength index for stock is 42.77 and Average true range of GOOG is 19.06. 

Analyst’s mean target price for GOOG is $1275.00 while analysts mean recommendation is 2.20. The Stock value has moved between $973.79 – 1286.8 in last one year. GOOG market capitalization is 736007.86. Company has 0.02% insider ownership. 

Alphabet Inc (NASDAQ:GOOG) is under coverage by number of analysts. Stock has got OUTPERFORM rating from 21 of Thomson Reuters analysts, 5 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Buy rating has been given by 18 analysts to the company stock. 

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