NEW YORK (TheStreet) -- Google Inc. (GOOGL - Get Report) will today introduce a new TV set-top box as it moves quickly to take control of digital content in the home, battling Amazon.com (AMZN - Get Report) and Apple (AAPL - Get Report), the Wall Street Journal reports.
During its developer conference today, Gooigle plans to show off at least one small set-top box that resembles products like the Roku, Amazon's Fire TV, and Apple's Apple TV, sources say, the Journal notes.
Google's device will carry another company's brand, but will be powered by Google's new Android TV software designed to play movies, games and other content on TV, sources added.
- Despite its growing revenue, the company underperformed as compared with the industry average of 21.3%. Since the same quarter one year prior, revenues rose by 19.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Although GOOGL's debt-to-equity ratio of 0.07 is very low, it is currently higher than that of the industry average. Along with this, the company maintains a quick ratio of 4.17, which clearly demonstrates the ability to cover short-term cash needs.
- Net operating cash flow has increased to $4,391.00 million or 20.86% when compared to the same quarter last year. Despite an increase in cash flow, GOOGLE INC's average is still marginally south of the industry average growth rate of 23.24%.
- GOOGL's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 37.28%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Despite the heavy decline in its share price, this stock is still more expensive (when compared to its current earnings) than most other companies in its industry.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Internet Software & Services industry and the overall market, GOOGLE INC's return on equity is below that of both the industry average and the S&P 500.
- You can view the full analysis from the report here: GOOGL Ratings Report