The ultra-speedy Internet speeds guaranteed by Google Inc.’s (NASDAQ:GOOG) untried fiber network in Kansas City would be accessible to few residences immediately from September, but corporate would not be getting the ultra fast internet speed in near future.
The Kansas City Business Journal reports that as per stated by Google representatives, the fiber offerings were never really designed to used by huge businesses. In its place, they stated that corporate would take advantage in other methods, like by having the capability of interacting online with users who have blazing-fast bandwidth.
Its competitors include Facebook Inc (NASDAQ:FB) having profit margin of 26.95% with overall market cap of 50.68 billion and Yahoo! Inc. (NASDAQ:YHOO) that possessed profit margin 9.58% with total market cap of 19.70 billion.
Other technology stocks include Power One Inc (NASDAQ:PWER) having profit margin 10.99%, CenturyLink, Inc. (NYSE:CTL) with 3.09% profit margin, Atmel Corporation (NASDAQ:ATML) having 15.35% profit margin, SanDisk Corporation (NASDAQ:SNDK) having profit margin of 12.27%, Comverse Technology, Inc. (NASDAQ:CMVT) with -1.23% profit margin and NII Holdings, Inc. (NASDAQ:NIHD) with 1.68% profit margin.
Google Inc (NASDAQ:GOOG) dropped 0.37% or -$2.36 to trading at $632.57 following it hit intraday high level of $642.60. The total traded volume in the current trading session is 1.66 million shares as compared to average 2.35 million shares. Its fifty two week trading range is $480.60 – $670.25. The total market capitalization reached $206.87 billion.
The stock price was ahead its 52 week low price with 32.12% and it lagged behind -5.27% from its 52 week maximum mark. Stock price volatility for last month remained 1.88%. In its share capital, the company has 327.03 million outstanding shares out of which 259.85 million shares have been floated in the market. For now, stock ownership with company’s management remained 0.10%.
GOOG presented an optimistic weekly performance of 3.95% with respect to its rate of return and it remained 11.53% for the month. However, the performance for a quarter experienced a positive change of 3.25% and it surged 3.93% for a year and its year to date performance remained in red with -1.69%.
Current stock price is in the upbeat territory taking into account of 20 days moving average with +7.98% and continued bullish run for 50 days moving average with +8.59%. Its earning per share for the past twelve months was $33.73. Company’s beta coefficient was at 1.07. Beta measures the amount of market risk associated with market trade.
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