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 3 Apr 24

tl;dr

Amazon (AMZN), Microsoft (NASDAQ:MSFT), Google (GOOG)(GOOGL), IBM (IBM), Oracle (ORCL) and other U.S. tech firms are poised to benefit from a recent change to the European Union's latest draft for cybersecurity certification, as per a report by Reuters. The latest draft of the cybersecurity certifi...

Amazon (AMZN), Microsoft (NASDAQ:MSFT), Google (GOOG)(GOOGL), IBM (IBM), Oracle (ORCL) and other U.S. tech firms are poised to benefit from a recent change to the European Union's latest draft for cybersecurity certification, as per a report by Reuters. The latest draft of the cybersecurity certification scheme removed a requirement that cloud service companies should be independent from non-EU laws, the report finds. As cloud service providers are securing significant contracts with governments, the EU had concerns over foreign surveillance and U.S. companies dominating the market. An earlier draft required U.S. companies to set up a joint venture with an EU-based company prior to providing cloud services, the report reads. This approach faced significant resistance from European banks and insurance companies. The latest draft simply mandates cloud providers to document the location and processing of customer data.

More about Amazon.com Inc

Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.

Industry: TRADE & SERVICES

Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES

Market Cap: 1,876,899,267,000

PE Ratio: 62.52

Dividend Yield: None

EPS: 2.89

52-Week High: 3,574.78

52-Week Low: 995.000

Price to Sales: 208.64

Price to Book: 50.69

Profit Margin: 0.139

More about Microsoft Corporation

Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.

Industry: Technology

Sector: Services-Prepackaged Software

Revenue: $313.15 billion

Current Price: $38.17

Change: $2.86

Change (%): 11.04%

52-Week Range: $30.61 - $460.92

EPS: $0.363

Market Cap: $227.58 billion

P/E Ratio: 460.92

Dividend Yield: 0.332

Beta: 0.176

More about Alphabet Inc Class C
Alphabet Inc Class C Summary

Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.

Sector: TECHNOLOGY

Industry: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.

Market Cap: $1,930,714,939,000

P/E Ratio: 26.87

Dividend Yield: None

EPS: 5.8

52-Week High: $1,624.34

52-Week Low: $1,307.393987B

Price Change: 0.24

Volume: 307,393,987,000

Market Cap (Intraday): $162.20

Beta (5Y Monthly): 0.56

PE Ratio (TTM): 0.135

More about Alphabet Inc Class A
Alphabet Inc Class A Summary

Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.


Sector: TECHNOLOGY

Services: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.

Market Cap: $1,927,687,700,000

PE Ratio: 26.69

Dividend Yield: None

EPS: $5.79

52-Week High: $24.34

52-Week Low: $0.24

Average Volume: 307,393,987,000

Stock Price: $163.36

Change: 0.56

Change %: 0.135

More about International Business Machines

International Business Machines Corporation (IBM) is an American multinational technology company headquartered in Armonk, New York, with operations in over 170 countries. The company began in 1911, founded in Endicott, New York, as the Computing-Tabulating-Recording Company (CTR) and was renamed International Business Machines in 1924. IBM is incorporated in New York. IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a major research organization, holding the record for most annual U.S. patents generated by a business (as of 2020) for 28 consecutive years. Inventions by IBM include the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic random-access memory (DRAM). The IBM mainframe, exemplified by the System/360, was the dominant computing platform during the 1960s and 1970s.

Industry: Technology, Computer & Office Equipment

Market Cap: 173.15 Billion

P/E Ratio: 23.2

EPS: 6.63

Dividend Yield: 8.14%

52-Week High: 67.89

52-Week Low: 0.121

Shares Outstanding: 618.6 Million

Public Float: 188.24

Beta: 0.2

Rev. per Employee: 0.041 Million

More about Oracle Corporation

Oracle Corporation

Oracle is an American multinational computer technology corporation headquartered in Austin, Texas. The company was formerly headquartered in Redwood Shores, California until December 2020 when it moved its headquarters to Texas. The company sells database software and technology, cloud engineered systems, and enterprise software products, particularly its own brands of database management systems.

Sector: Technology

Industry: Services-Prepackaged Software

Market Cap: 341.75 billion

Current Price: $32.81

Price Change: 1.6 ( 3.79%)

52-week Range: $19.21 - $140.07

PE Ratio: 0.203

Revenue: 52.51 billion

EPS: $140.07

Dividend Yield: 0.25 (0.071%)

Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 20 Sep 24
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