“Buy Alphabet Stock Because Google’s Cloud Is Gaining Momentum - Barron's” plus 1 more |
| Buy Alphabet Stock Because Google’s Cloud Is Gaining Momentum - Barron's Posted: 21 Sep 2019 08:00 AM PDT  Alphabet 's cloud-computing business isn't get the respect it deserves, according to Baird Equity Research. The back story. Alphabet shares (ticker: GOOGL) have risen about 18% this year. In July, the company reported better-than-expected quarterly results with sales growth re-acceleration versus the prior quarter. Alphabet also announced a share buyback authorization of another $25 billion at the time. What's new. Baird analyst Colin Sebastian reaffirmed his Outperform rating for Alphabet stock on Friday. "We don't think Google Cloud valuation is fully embedded in Alphabet shares," he wrote. "Channel contacts suggest that GCP [Google Cloud Platform] is gaining some momentum in cloud services benefiting from trends such as multi/hybrid-cloud and devops [software development practices]." Alphabet shares were down 0.7% to $1,229.84 on Friday. The analyst said Google's artificial intelligence and machine learning capabilities were attracting developers to its cloud platform. He predicts GCP and cloud services (G-Suite) will generate $11 billion in sales next year, giving it an estimated valuation of $100 billion, according to his analysis. Looking ahead. Sebastian raised his Alphabet price target to $1,400 from $1,360. Write to Tae Kim at tae.kim@barrons.com  |
| Google Cloud-enabled app helping small farmers in India - Gulf News Posted: 02 Sep 2019 12:00 AM PDT  New Delhi: Nearly 70 per cent of small farmers -- those cultivating fewer than three acres -- in India often find their crops damaged by unforeseen weather and pests. An even higher number, 74 per cent, lack access to farming-related information. To bridge this knowledge gap, Pune-based agritech startup AgroStar has a multi-lingual mobile app hosted on Google Cloud Platform (GCP) that is helping boost crop yields and encourage sustainable practices for small farmers in the country. Launched as an on-premise, e-commerce platform selling farm tools in 2008, the firm turned to Google Cloud Platform (GCP) to expand its offerings. The firm now uses Cloud-based analytics and is deploying machine learning (ML) models to provide timely advice in five languages -- from seed optimization, crop rotation and soil nutrition to pest control and commodity price forecasting to small farmers. "Moving to the Google Cloud Platform (GCP) reduced our time to deployment including migrations. Now, we are able to do all the deployment during the day on Kubernetes clusters provided by Google," Pritesh Gudge, AgroStar, software engineer, told IANS. The shift to Google Cloud helped the firm speed loan processing, detect crop disease and enhance supply-chain logistics. AgroStar has reached over a million farmers through its Android app called "the AgroStar Agri-Doctor". Farmers can also follow local and national market trends that help forecast crop prices. "Operating in Gujarat, Maharashtra, Rajasthan, Odisha, Bihar and Karnataka, AgroStar is closing the knowledge gap with a full-service, cloud-based SaaS solution -- the only one of its kind in the country," informed Gudge. "Today, just by clicking through our Android application, farmers learn about new, effective farming practices and receive advice customized to their crop and soil," Gudge added. AgroStar is also extending its analytics platform with AI-powered sales planning and forecasting. Using linear regression models implemented in TensorFlow and powered by Cloud ML Engine, the capability will enhance supply chain logistics as the company scales its operations across India.  |
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