Google's Stock Sets New All-Time High

News
By Daniel Starkey
published

The company synonymous with search continues to post solid numbers -- both in earnings and in stock price.

Despite weak numbers posted by Motorola Mobility a few days ago, Google's third-quarter earnings, triggered a stock price jump of over 10 percent and set a new record at just over $1,000 per share. 

To Google's credit, it has seen strong growth in the Android phone sales, paid clicks, and advertising with its partners. Since its IPO in 2004, Google has continued to show strong growth more or less consistently. If it continue to prepare itself this well for a mobile-driven world, it probably won't be losing relevance any time soon.

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Daniel Starkey
11 Comments Comment from the forums
  • back_by_demand
    How many shares are there? The amount per share is far more than the figure Apple peaked at, but if there are half as many shares then company total value is much less. Half a story here.
    Reply
  • Sangeet Khatri
    I am not a guy who knows a lot about commerce and all, but all I know is that Google packs the most innovation that any tech company ever does.

    Hence it is always good to see a good innovative company gain Market Value. Good to see that.
    Reply
  • TeKEffect
    Not it's not half a story. It's not comparing Google to Apple. Google is hitting a all time for its share price. No one said it's market cap surpassed apple.
    Reply
  • back_by_demand
    Never said it did, but height of share price means dick if there are only a million shares
    Reply
  • JD88
    Share price is more an indication of investor confidence in future performance. It actually matters very much.

    Market cap is what determines the total value. Google's market cap is around $338 billion.

    For comparison, Apple is $508 billion and Microsoft is $292 billion as of today.
    Reply
  • mman74
    back_by_demand, height of share price means dick? How do you think the markets work? The price of the share is everything to anyone with a vested interest in the company, it's how you make money on the share.
    The market capitalization means dick to everyone except to fanboy trolls who want to tell everyone "my company is bigger than yours". To the rest of us it means jack.
    Reply
  • w8gaming
    11758317 said:
    How many shares are there? The amount per share is far more than the figure Apple peaked at, but if there are half as many shares then company total value is much less. Half a story here.

    Hmm, in today's world normally we just "google" it for the answer.

    But anyway, the article never implies in anyway the market cap of Google has surpassed Apple, or trying to compare Google to Apple in any way. And by virtue that such comparison is never made, it can already be safely deduced that it does not. So the article did not try to misled anyone.
    Reply
  • back_by_demand
    FFS, share price AND number of shares, thanks for JD88 providing market cap. The story didn't provide any information that even though the shares are worth more than Apples, the company is worth less. Therefore, only half a story. Bad journalism and just pushing a sound bite.
    Reply
  • back_by_demand
    And w8gaming, I never said the article misled, if fact it says nothing apart from a share price. You are misleading people by putting words in my mouth. Apple is used as an example by me, I would have hoped the writers of the article would have had the sense to do comparisons rather than leaving an obvious question hanging.
    Reply
  • anti-painkilla
    Where in the article does it mention Apple?

    Google stocks have set an all time high for GOOG stocks. There are other stocks that are higher than that. Calumet and Hecla had a stock price of $1000 back in 1907.
    Reply