Amazon shares dip as cloud revenue misses Street; analysts still upbeat

Net income was US$749mil (RM3.31bil), or US$1.54 (RM6.81) a share, the Seattle-based company said Feb 2 in a statement.

The bottom line was better than Wall Street expected, even if the top line fell slightly short.

Amazon.com, Inc.’s growth estimate for the current quarter is 35, and 54.2 percent for the next quarter. That said however, the number came in almost $1 billion below Street views for $44.7 billion. Eleven analysts surveyed by Zacks expected $44.87 billion.

The investment management firm now holds a total of 31,821 shares of Amazon.com which is valued at $26,423,522 according to the information filed on Jan 31, 2017.Amazon.com makes up approximately 3.47% of Buckingham Capital Management Inc’s portfolio. The insider owns 80,902,734 shares which have current market value of around $67972859052.12.Mr. L. John Doerr is another major inside shareholder in the company.

While e-commerce is its primary source of revenues, reports suggest that Amazon (NASDAQ:AMZN) has assembled a Google-like set of advertising tools and services indicating that it is looking to derive higher revenues from digital advertising. Goodwin Daniel L bought a new stake in shares of Amazon.com during the second quarter worth about $215,000. The Stock had a 1.4 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.37 and 1.37 respectively.

For the full year, Amazon brought in $136bn in revenue, up 27 per cent from $107bn in 2015.

The tepid response also shows how much Wall Street’s attitude has changed towards the company in the previous year. Also keep an eye on $780 and $757.94 where the 200-day moving average now sits. (NASDAQ:AMZN) to post net income of about $0.78 per share on $32,687.30M in revenue.

What Analysts Say About NIC Inc. The highest analyst price target is $1,250.00, which implies a rally of 200 percent. AMZN’s seven period stock performance has resulted in shares declining by a -0.5% and sporting a 50.76% return over the last 12 months. Reed Hastings’ video-streaming service plans to shell out some $6 billion on TV shows and movies this year.

Number of analysts are eying on this stock, and after detailed observation, they have given the stock mean recommendation is 2.00 (1=Buy, 5=sell). The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.

A 5.1% move in the shares AMZN, +0.62% of the fifth-largest company in the S&P 500 index by market capitalization might seem like a pretty big deal, but it would be a lot smaller than usual. The Stock now has a Weekly Volatility of 1.41% and Monthly Volatility of 1.43%.

So far, not only has Friday’s low of $801 in Amazon shares fallen within the forecast by options traders, but relative to past earnings events of the last few years, call and put premiums were decidedly below average.