Shares of the company Alphabet fell after the results for the first quarter of 2017 disappointed investors. Thus, the company's net profit totaled 5.25 billion dollars, which is 310 million dollars less than the average market forecast. It is worth noting an increase of 27% compared to the same period of the previous year's spending. The growth in the spending on cloud services, and YouTube according to the company’s estimates will have a positive effect for the company’s results in the future. Our medium-term outlook remains positive on the shares with the growth potential by 30-35% until the end of the year, but in the near future we can see a decrease in the company's shares.