Alphabet

Google is downsizing its advertising sales team, part of a broader trend of job cuts at the tech giant owned by Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL). This decision highlights the ongoing reduction in workforce across various sectors, as companies increasingly turn to artificial intelligence software and automation to manage tasks more efficiently, Reuters reports. Recently, Google announced layoffs in its Voice Assistant units and hardware teams, including those responsible for Pixel, Nest, and Fitbit products, as well as in its augmented reality division. The company focuses on its customer solutions unit, which caters to medium-level advertiser clients, as a primary area for future growth. This move follows similar layoffs at Amazon.com Inc (NASDAQ:AMZN), which included several hundred employees in streaming and studio operations, and 500 workers at Twitch, its video streaming platform. Previous reports indicated that Google is looking to reorganize its large ad sales unit, which employs around 30,000 people. Sean Downey, who leads ad […]

Alphabet’s (GOOG) Google plans to cut hundreds of roles in its advertising sales unit as part of a restructuring process, Business Insider reported Tuesday, citing a memo by Google’s Chief Business Officer Philipp Schindler. Google’s Customer Solutions division, which caters to its medium-level customers, will become the “core” team, Schindler was quoted as saying in the email. “Several hundred jobs globally will be eliminated or put at risk,” the report quoted Schindler as saying. A Google spokesperson told MT Newswires in an emailed statement that the company goes through a team structuring process every year to provide the best service to its ad customers. “We map customers to the right specialist teams and sales channels to meet their service needs,” the spokesperson said. “As part of this, a few hundred roles globally are being eliminated and impacted employees will be able to apply for open roles on the team or

Alphabet, Inc. (NASDAQ:GOOGL) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 22.94% BMO Capital → $170 Initiates Coverage On → Outperform 12/07/2023 20.05% Roth MKM $152 → $166 Maintains Buy 11/21/2023 27.28% Tigress Financial $172 → $176 Maintains Strong Buy 11/16/2023 -6.71% Wells Fargo $126 → $129 Maintains Equal-Weight 10/25/2023 8.48% Piper Sandler $147 → $150 Maintains Overweight 10/25/2023 — Monness, Crespi, Hardt Downgrades Buy → Neutral 10/25/2023 12.09% RBC Capital → $155 Reiterates Outperform → Outperform 10/25/2023 9.92% Roth MKM $146 → $152 Maintains Buy 10/25/2023 1.24% JMP Securities $138 → $140 Maintains Market Outperform 10/25/2023 15.71% Wedbush → $160 Reiterates Outperform → Outperform 10/25/2023 30.17% Barclays $200 → $180 Maintains Overweight 10/25/2023 8.48% Morgan Stanley $155 → $150 Maintains Overweight 10/25/2023 25.83% Rosenblatt $163 → $174 Maintains Buy 10/25/2023 15.71% Needham $140 → $160 Maintains Buy 10/25/2023 10.65% Keybanc

Alphabet (GOOG, GOOGL) reported Q3 earnings late Tuesday of $1.55 per diluted share, up from $1.06 a year earlier. Analysts polled by Capital IQ expected $1.45. Revenue for the quarter ended Sept. 30 was $76.69 billion, up from $69.09 billion a year earlier. Analysts surveyed by Capital IQ projected $75.75 billion.

Alphabet (NASDAQ:GOOGL) reported quarterly earnings of $1.55 per share which beat the analyst consensus estimate of $1.45 by 6.9 percent. This is a 46.23 percent increase over earnings of $1.06 per share from the same period last year. The company reported quarterly sales of $76.69 billion which beat the analyst consensus estimate of $75.94 billion by 0.99 percent. This is a 11.00 percent increase over sales of $69.09 billion the same period last year.

Alphabet Inc Expects Q4 Headwinds In Hardware Segment; Says Q3 Capex Was $8B With Largest Component In Servers, Data Centers。

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We up our 12-month target to $157 from $142, on a P/E of 21x our 2025 EPS estimate, which we initiate at $7.46, below its historical forward averages. We keep our 2023 EPS estimate at $5.70 but raise 2024 to $6.57 from $6.44. Ahead of Q3 results set after the close on 10/24, we see upside to Q3/Q4 consensus views given improving trends within both Search and YouTube along with robust cloud growth. We conservatively look for GOOGL Search growth of 6% to 8% in Q3/Q4 (5% in Q2/2% in Q1), as digital ad trends remain favorable while greater AI emphasis supports higher ROI and overall ad spend. We see YouTube growth accelerating to over 10% in Q3/Q4 (+4% in Q2), on easier comps, greater Shorts monetization,

Alphabet (NASDAQ:GOOGL) Posts Q2 EPS of $1.44 on Revenue of $74.6 Billion, Vs CIQ Analyst Consensus of $1.34/Share on Revenue of $72.8 Billion.