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Company Update: Amazon.com Inc (NASDAQ:AMZN) – Boingo And Amazon Align To Deliver Fast, Free Wi-Fi To Amazon Underground Customers

[Benzinga] – Boingo Wireless (NASDAQ: WIFI ) revealed that it aligned with Amazon.com, Inc. (NASDAQ: AMZN ) to offer fast, free Wi-Fi to Android phone, as well as tablet customers who download Boingo’s Wi-Finder app … Read more on this. Amazon.com, Inc. (AMZN) , currently valued at $348.03B, began trading this morning at $725.71. Today’s price range has been between $722.58 and $737.77 per share with its 52-week range being $428.83 to $737.77. Amazon (AMZN) shares are currently priced at 135.08x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.67x earnings multiple for the same period. According to a consensus of 36 analysts, the earnings estimate of $1.10 per share would be $0.91 better than the year-ago quarter and a $0.12 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $5.39 would be a $4.14 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $29.54 Billion. If reported, that would be a 27.44% increase over the year-ago quarter. Recently, Maxim Group Initiated AMZN at Buy (Jun 23, 2016). Previously, Raymond James downgraded AMZN from Strong Buy to Outperform. The average price target for AMZN shares by the analysts covering the stock is $802.92, which is 10.64% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Company Update (NASDAQ:AMZN): Google Express vs. Amazon Prime Now (GOOG, AMZN) Stock Update (NASDAQ:AMZN): Getting Free Shipping on Amazon Is Now Going to Cost You a Whole Lot More — Tech Roundup Market Update (NASDAQ:AMZN): Amazon Web Services Announces Amazon Lumberyard — A Free, Cross-Platform, 3D Game Engine Integrated with AWS and Twitch
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