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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

(AMZN)
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Amazon pushes security products with indoor drone and car alarm

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09/24/2020 | 09:30pm EDT
FILE PHOTO: The logo of Amazon is pictured inside the company's office in Bengaluru

Amazon.com Inc on Thursday announced a drone for recording security video inside homes and car products for alerting vehicle owners about attempted break-ins.

The news reflects Amazon's growing security business since its acquisition of smart doorbell maker Ring in 2018, an effort that's drawn scrutinty from civil liberties advocates. It also represents Amazon's latest push into shoppers' homes, which evolved from package delivery years ago to gadgets that let consumers turn off the lights or stream media by voice command.

Amazon's indoor drone, the Ring Always Home Cam available next year, aims to capture video where customers otherwise lack static cameras. It can show users video where an alarm has gone off, said Amazon Vice President Daniel Rausch.

"It's super reassuring to be able to get a view inside your home," he said in an interview. The device only records while flying, Ring said.

The company also announced a car device that sounds an alarm when a break-in or bump is detected. It unveiled a vehicle security camera, and the Ring Car Connect software that works with other vehicle cameras for video play back and alerting. Tesla Inc is the first automaker whose models are compatible.

Ring devices have garnered criticism from civil liberties advocates such as the San Francisco-based Electronic Frontier Foundation (EFF), which has said the company should end partnerships with police.

"Amazon and other companies offer a high-speed digital mechanism by which people can make snap judgments about who does, and who does not, belong in their neighborhood, and summon police to confront them," EFF staff wrote in a June blog post.

Ring President Leila Rouhi said in an interview the company will never proactively share videos with law enforcement; users control what to share. Ring's aim is to give peace of mind, she said.

Amazon also announced a cloud-based gaming service called Luna, spherical Echo speakers and features for its voice assistant Alexa, like the ability to delete all prior recordings. Various subscriptions help Amazon monetize the products.

The new devices come as Amazon is working to maintain U.S. market share in smart speakers over rivals Apple Inc and Alphabet Inc's Google.

Amazon's stock closed up 0.7%.

By Jeffrey Dastin


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 3.05% 1556.88 Delayed Quote.16.24%
AMAZON.COM, INC. 1.52% 3211.01 Delayed Quote.73.77%
APPLE INC. 3.71% 115.32 Delayed Quote.57.09%
STREAM MEDIA CORPORATION 25.57% 388 End-of-day quote.38.57%
TESLA, INC. 1.18% 410.83 Delayed Quote.391.04%
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Financials (USD)
Sales 2020 370 B - -
Net income 2020 16 553 M - -
Net cash 2020 55 489 M - -
P/E ratio 2020 99,4x
Yield 2020 -
Capitalization 1 608 B 1 608 B -
EV / Sales 2020 4,20x
EV / Sales 2021 3,49x
Nbr of Employees 798 000
Free-Float 81,3%
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Amazon.com, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Average target price 3 743,40 $
Last Close Price 3 211,01 $
Spread / Highest target 40,1%
Spread / Average Target 16,6%
Spread / Lowest Target 4,64%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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