This GOOGL stock forecast article was written by Eliahu Gabay – Financial Analyst at I Know First.
Summary
GOOGL's stock has shown an impressive rise of close to 18% in the past month, indicating positive market sentiment.
Google's focus on generative AI presents opportunities to improve ad relevance, performance, and monetization, enhancing its search engine's capabilities.
Microsoft’s Bing hasn’t eaten into Google’s search engine dominance.
The company's revenue growth, particularly in online advertising and the cloud segment, demonstrates its strong financial health and potential.
Alphabet Inc., Google's parent company, announced a substantial stock buyback of $70 billion, fueling the market’s desire for investment in GOOGL.
This article was written by Julia Masch, a Financial Analyst at I Know First.
“The continued explosion of data and the need to process, store, analyze and share it is driving industry innovation and incredible demand for compute performance in the cloud, the network and the enterprise.”
“We’ve just completed a pivotal year where we changed our company name from TASER International to Axon Enterprise (Axon) to better reflect our go-forward mission and made significant investments to drive progress within our four strategic growth areas. We don’t intend to slow down in 2018. This year, we plan to introduce several new products and services and improve upon our existing suite of offerings – which we believe will grow recurring cash flows and increase average revenue per user. We’re also scaling up our offices across the world and cross-pollinating our internal groups to ensure we execute against one vision for Axon. In short, we are focused on disciplined execution and preparing for significant growth across the globe.”
— Rick Smith, CEO
Axon Reports Record Revenue of $95 million for Q4 2017 and $344 million for FY 2017
Following Axon Enterprises (AAXNS) Q4 quarterly update to shareholders on February 27th, 2018, Axon’s stock jumped from $27.25 to $39.35 per share, outperforming the market by more than 36%. Upon examining the drivers behind this impressive growth that occurred within the past month, the quarterly update to shareholders provides the following highlights and updates that shed light on the stock event:
Axon recorded annual revenue of $344 million, up 28% from 2016 and $82 million of cash and short-term investments and zero debt at December 31st, 2017. Introduces 2018 financial guidance, including 16%-18% revenue growth and 300-400 basis points of operating margin expansion. Net Sales increased 15% to $94.7 million in Q4 compared to
This article was written by Mingyue Liu, a financial analyst at I Know First.
Moody's Stock Price Prediction: Tycoon In A Dead-End Industry
"It's simply not for me to evaluate an independent rating agency's processes. But I will say that there was reason to be anxious--absolute reason to be anxious." (Jay Carney)
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