Monday , 18 March 2024
Breaking News
Home » Business » Investors growing worries on Google Stock

Investors growing worries on Google Stock

Google’s stock is exactly where it was in September 2007, and it has fallen 9% since Eric Schmidt announced in January that he’d be stepping down as CEO.

Img Src: money.cnn.com

The problem, investors say, is that for every reason to believe in Google (GOOG, Fortune 500), there seems to be a counterbalancing reason for concern.

The company is growing rapidly, but antitrust battles are a threat to growth. Hiring increases could help create the next billion-dollar business, but the weight on margins scares some investors. New management should make the company more efficient, but near-term profits could suffer. And well-received product enhancements aren’t enough to reduce some investors’ worries about Facebook’s threat to Google’s business.

“There are many moving parts at Google that make it hard to assess [growth] on the revenue line, associated risk and competitive dynamics across its many markets,” said Joel Achramowicz, analyst at Blaylock Robert Van. “These uncertainties are causing the market to remain circumspect with regard to the name ‘Google.'”

Continue Reading

Related stories:

The Pirate Bay owners sent to jail by the order of court
Prince Michael Malachi Jet Jackson:Another Claiming MJ Dad!
Spirit Airlines pilots go on strike!
Buffett, Gates ask rich Americans to donate half their wealth
Salary hike forces Outsourcing Companies quit India!
New Euro Governance in Making?
Apple Paid Only 1.9% Tax Outside US!
Barclays to shut wealth management services in 130 countries