Research Desk Line-up: Fang Holdings Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 12, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Alphabet, Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG). SoftBank Group Corp., announced on June 09, 2017, that it has entered into a definitive agreement that, through a subsidiary, to acquire Boston Dynamics, an advanced dynamic robotics Company, from Alphabet, Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) for an undisclosed amount. Softbank views this transaction as a step to position itself according to the next wave of smart robotics. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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Discover more of our free reports coverage from other companies within the Internet Information Providers industry. Pro-TD has currently selected Fang Holdings Limited (NYSE: SFUN) for due-diligence and potential coverage as the Company announced on June 09, 2017, that it will report its unaudited financial results for Q1 2017 which ended on March 31, 2017 before the U.S. market opens on Tuesday, June 20, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Fang Holdings when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GOOGL and GOOG; also brushing on SFUN. Go directly to your stock of interest and access today's free coverage at:

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The Announcement

According to the Company, smart robotics are going to the primary drivers of the next stage of Information Revolution, where Boston Dynamics is a clear technology leader in advanced dynamic robots and is well-known for its "BigDog" line of quadrupedal robots, initially developed to take part in combat under a military contract with America's DARPA research agency. The Company was created as a technology spin-off from Massachusetts' Institute of Technology by Prof Marc Raibert in 1992, who was the founder and lead researcher of the Leg Lab, a research group focused on machines that have dynamic movements.

For Boston Dynamics, this step is a definitive strategy to expand its portfolio of offerings, where its current portfolio is limited to military-centered designs. The Company suffered an initial setback when the US Marine Corps rejected its BigDog robot in 2015. According to the reports, the machine's noise would reveal the location of the troops, if used in an actual combat situation.

Softbank additionally announced on June 09, 2017, that it has agreed to acquire Japanese bipedal robotics Company Schaft, also owned by Alphabet, Inc. Schaft is known for its bipedal S-One Robot, the winner of the DARPA Robotics Challenge Trials in 2014, before it was acquired by Alphabet. The Company was founded in the JSK Robotics Laboratory at the University of Tokyo, where it has been operating in a stealth mode after its purchase by Alphabet.

According to initial speculations, it is not clear if Boston Dynamics will be incorporated in Softbank itself, or brought under the Vision Fund, the Company's technology investment fund, worth $93 billion.

Company Growth Prospects

Softbank announced on October 14, 2016, the establishment of SoftBank Vision Fund which is aimed at building businesses that will create the first line of Information Revolution. The fund targets meaningful, long-term investments in Companies and foundational platform firms that drive the next stage of innovation. The investment period for the fund was 5 years from the initial closing, and 12 years for the funding period, subject to certain exceptions.

Recently, on May 22, 2017, the Company announced that the first major closing of the SoftBank Vision Fund, with over $93 billion of committed capital. The committed capital from SoftBank was $28 billion, including certain expected in-kind contributions. The Company additionally acquired ARM Holdings on July 18, 2016, which was a Cambridge-based, microchip producer, which are used in iPhones and more than 95% of all smartphones. SoftBank initially paid £17 per share and offered shareholders an interim dividend of 3.78p per share.

Last Close Stock Review

Alphabet Class A common stock's share price finished last Friday's trading session at $970.12, sliding 3.40%. A total volume of 3.64 million shares have exchanged hands, which was higher than the 3-month average volume of 1.57 million shares. The Company's stock price soared 12.62% in the last three months, 22.57% in the past six months, and 30.65% in the previous twelve months. Moreover, the stock surged 22.42% since the start of the year. The stock is trading at a PE ratio of 31.27 and currently has a market cap of $662.41 billion.

On Friday, June 09, 2017, the stock closed the trading session at $949.83, falling 3.41% from its previous closing price of $983.41. A total volume of 3.30 million shares have exchanged hands, which was higher than the 3-month average volume of 1.47 million shares. Alphabet Class C's stock price soared 12.64% in the last three months, 23.16% in the past six months, and 30.37% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 23.06%. The stock is trading at a PE ratio of 32.10. At Friday's closing price, the stock's net capitalization stands at $646.75 billion.

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