Google investing $7B this year in data centre and office space expansions

  • Alphabet (GOOG,GOOGL) will invest more than $7B on office space and data centres across 19 states in 2021.
  • The post-pandemic spending increase will create at least 10,000 full-time jobs.
  • At least $1B of Alphabet 's investment will go to its home state of California.
  • Data centre expansions will happen in Nebraska, South Carolina, Virginia, Nevada, and Texas. Existing data centre sites in Nebraska, Ohio, Texas, and Nevada will be fully operational this year.
  • "Not only will these investments enable us to create new opportunities in the places where we operate; they'll also make it possible to provide products and services that help boost economic recovery. In 2020, Alphabet Search, Alphabet Play, YouTube, and Alphabet advertising tools helped provide $426 billion of economic activity for more than 2 million American businesses, non-profits, publishers, creators, and developers, according to our 2020 U.S. Economic Impact Report, released today," says CEO Sundar Pichai in a blog post.

    For this year the company from Mountain View could earn a total revenue around 226.26 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2020's revenue of 182.53 billion USD.

    Historical revenues and results Alphabet plus estimates 2020

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    The analysts expect for 2021 a net profit of 47.6 billion USD. The majority of the analysts expects for this year a profit per share of 69.64 USD. With this the price/earnings-ratio is 29.19.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the internet companies is a poor 0.27 percent.

    Most recent target prices around 2552 USD

    Goldman Sachs , Barclays and ABN AMRO recently provided recommendations for the stock.

    Based on the current number of outstanding shares Alphabet 's market capitalization 609.41 billion USD. The Alphabet stock was the past 12 months quite volatile. Since last March the stock is even 85 percent higher. This year the stock price moved between 1075 and 2145 dollar.

    Historical stock prices Alphabet

    historical stocks alphabet

    Click here for dividend Alphabet. At 18.09 the stock trades 0.33 percent lower at 2032.53 USD.

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