[at Barrons.com] – Amazon (AMZN) Prime Day sales event captured headlines earlier this week, but the firm was also holding its Amazon Web Services (AWS) summit on Tuesday and Wednesday as well. Analysts were largely pleased with what they heart, good news for investors as Amazon’s cloud business is becoming more important and establishing dominance alongside other tech giant offerings like Microsoft’s (MSFT) Azure. Raymond James’s Aaron Kessler reiterated an Outperform rating on the stock Thursday: AWS Summit 2016 (July 12-13) focused on four high level trends Amazon believes is driving the shift to public cloud: 1) ubiquitous use of data, 2) switching from servers to services, 3) the importance of security and governance, and 4) distributed devices (i.e. Read more on this. , valued at $ecting to http://finance.ya, finished at $. Looking at the equity, the company’s one day range is $ with the price of the stock fluctuating between $ over the last 52 weeks. AMZN shares are currently priced at x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s x forward p/e ratio. According to a consensus of 0 analysts, the earnings estimate of $ per share would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $ which would be a $0.00 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $0.00 . If reported, that would be a 0.00% decrease over the year-ago quarter. Recently, d AMZN from to (/fin). Previously, d AMZN from to . The average price target for AMZN shares is $, which is 0.00% below where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Company Update: Amazon.com Inc (NASDAQ:AMZN) – Why You Should Watch FB, GOOGL, AMZN Ahead Of Earnings Company Update (NASDAQ:AMZN): Google Express vs. Amazon Prime Now (GOOG, AMZN) Stock Update (NASDAQ:AMZN): How Amazon.com Inc’s Cloud Business Is Doing In 5 Numbers