It’s neck and neck for who’s ahead, but recent stock price jumps for both Facebook (FB) and Amazon (AMZN) have the companies valued at above $300 billion each. Both are seeing record highs for their stock prices and market caps.
Most currently Facebook’s stock price is up thanks to its Q3 earnings beat yesterday, while Amazon’s cloud division, Amazon Web Services, has been getting some serious props from analysts that’s inspiring investor confidence.
At last check Facebook’s stock price was up about 5.2 percent, to $109.30 a share, giving the firm a market cap of nearly $308 billion. Amazon’s stock price was up nearly 2 percent, to $653.25 a share, for a market cap of $306.2 billion.
Which means that at this stage, only Apple, (AAPL, $674B), Google (GOOGL, $505B) and Microsoft (MSFT, $433B) boast higher market caps in the tech industry.
In its latest quarter, Facebook reported earnings of 57 cents per share, above analyst estimates of 52 cents. Revenue was $4.5 billion, topping estimates of $4.37 billion.
Meanwhile, for Amazon, AWS could be heading toward revenue of $16 billion by 2017, up from $4.6 billion last year, according to a new Deutsche Bank estimate. With a 10X multiple for the valuation vs. annual revenue, that gives you a $160 billion valuation for AWS, the firm said. That valuation would also make AWS—were it a standalone business—nearly as large as Oracle, which has a market cap of $172 billion.
Photo of Mark Zuckerberg via Shutterstock.
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