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Google Stock In Focus For Far More Than Just Earnings

Alphabet’s March 11 acquisition of cloud and AI security firm Wiz bolsters its cloud and security capabilities and ties into the wider AI/cloud competition with Amazon, Microsoft and Oracle. The deal comes ahead of Alphabet’s April 29 first-quarter earnings, when analysts expect revenue of $113.9 billion (up ~18%) and EPS of $2.62; full-year estimates cited are $11.52 and $13.53 (later year). Technically, the stock has formed an early-stage cup base with a buy point at 349, is trading back above the 50-day moving average, and shows improving relative strength — prompting IBD to add Alphabet to its Leaderboard watchlist. The article flags near-term risk from the upcoming earnings report, recommending investors consider the technical setup but wait for the earnings outcome before initiating new positions.

Category

Alphabet

Sentiment

Mixed

Event

Corporate action

Reading time

1 min