We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Alphabet (GOOGL) Updates Google TV With Profiles Feature
Read MoreHide Full Article
Alphabet’s (GOOGL - Free Report) division Google continues to make strong efforts to bolster its footprints in the streaming world on the back of its Google TV platform.
The company has started rolling out an advanced feature, Google TV Profiles, widely, which was announced last year.
The feature was introduced to address the issue that Google TV supports only one user profile on its home screen. With Google TV Profiles, users can now create multiple profiles, as it converts any existing Google accounts into a Profile.
Hence, the underlined feature allows users to switch among profiles, offering them a personalized content experience.
Consequently, the latest move is expected to drive the company’s user momentum and Google TV’s adoption rate.
Apart from the latest move, the company recently started rolling out Google TV’s revamped “Proactive” screensaver, which offers recommendations for certain types of content. It also provides weather forecasts.
Apart from these, the Google TV app was recently made available on iOS. It replaced Google Play Movies & TV app on iOS.
Also, Google started rolling out redesigned Google TV, which includes a bar named “Highlights” with the news feed.
In addition to the above-mentioned efforts, the company has been making aggressive efforts toward the expansion of Google TV across the world. Notably, Google TV on Android is currently available in more than 100 countries. Further, the company is gearing up to expand.
Wrapping Up
Google remains well-poised to cater to the increasing demand for streaming services on the back of its growing Google TV efforts, which will help it expand its presence in the booming streaming market.
Per a report from Grand View Research, the global video streaming market is expected to witness a CAGR of 21.3% between 2022 and 2030.
According to a Fortune Business Insights report, the particular market is expected to hit $1.7 trillion by 2029, seeing a CAGR of 19.9% between 2022 and 2029.
We note that the growing prospects of Alphabet in such a promising market are expected to aid it in winning investors’ confidence in the days ahead.
Notably, Alphabet has lost 26% on a year-to-date basis compared with the Zacks Computer and Technology sector’s decline of 32.3%.
Zacks Rank & Stocks to Consider
Currently, Alphabet carries a Zacks Rank #3 (Hold).
Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Avnet (AVT - Free Report) , Aspen Technology (AZPN - Free Report) and Amdocs (DOX - Free Report) . While Avnet and Aspen technology sport a Zacks Rank #1 (Strong Buy), Amdocs carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Avnet has gained 8.9% in the year-to-date period. The long-term earnings growth rate for AVT is currently projected at 37.2%.
Aspen technology has returned 21.7% in the year-to-date period. The long-term earnings growth rate for AZPN is currently projected at 18.4%.
Amdocs has gained 5.6% in the year-to-date period. The long-term earnings growth rate for DOX is currently projected at 10%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Alphabet (GOOGL) Updates Google TV With Profiles Feature
Alphabet’s (GOOGL - Free Report) division Google continues to make strong efforts to bolster its footprints in the streaming world on the back of its Google TV platform.
The company has started rolling out an advanced feature, Google TV Profiles, widely, which was announced last year.
The feature was introduced to address the issue that Google TV supports only one user profile on its home screen. With Google TV Profiles, users can now create multiple profiles, as it converts any existing Google accounts into a Profile.
Hence, the underlined feature allows users to switch among profiles, offering them a personalized content experience.
Consequently, the latest move is expected to drive the company’s user momentum and Google TV’s adoption rate.
Alphabet Inc. Price and Consensus
Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote
Growing Google TV Efforts
Apart from the latest move, the company recently started rolling out Google TV’s revamped “Proactive” screensaver, which offers recommendations for certain types of content. It also provides weather forecasts.
Apart from these, the Google TV app was recently made available on iOS. It replaced Google Play Movies & TV app on iOS.
Also, Google started rolling out redesigned Google TV, which includes a bar named “Highlights” with the news feed.
In addition to the above-mentioned efforts, the company has been making aggressive efforts toward the expansion of Google TV across the world. Notably, Google TV on Android is currently available in more than 100 countries. Further, the company is gearing up to expand.
Wrapping Up
Google remains well-poised to cater to the increasing demand for streaming services on the back of its growing Google TV efforts, which will help it expand its presence in the booming streaming market.
Per a report from Grand View Research, the global video streaming market is expected to witness a CAGR of 21.3% between 2022 and 2030.
According to a Fortune Business Insights report, the particular market is expected to hit $1.7 trillion by 2029, seeing a CAGR of 19.9% between 2022 and 2029.
We note that the growing prospects of Alphabet in such a promising market are expected to aid it in winning investors’ confidence in the days ahead.
Notably, Alphabet has lost 26% on a year-to-date basis compared with the Zacks Computer and Technology sector’s decline of 32.3%.
Zacks Rank & Stocks to Consider
Currently, Alphabet carries a Zacks Rank #3 (Hold).
Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Avnet (AVT - Free Report) , Aspen Technology (AZPN - Free Report) and Amdocs (DOX - Free Report) . While Avnet and Aspen technology sport a Zacks Rank #1 (Strong Buy), Amdocs carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Avnet has gained 8.9% in the year-to-date period. The long-term earnings growth rate for AVT is currently projected at 37.2%.
Aspen technology has returned 21.7% in the year-to-date period. The long-term earnings growth rate for AZPN is currently projected at 18.4%.
Amdocs has gained 5.6% in the year-to-date period. The long-term earnings growth rate for DOX is currently projected at 10%.