(3.14 + 0.31) x 29 = $100

2016 $3.14 EPS estimate times 1.1 (since lately they've beat estimates every quarter) x 29% EPS growth rate (trailing yoy non-gaap rate from 2014-15) gives a $100 price target.

This does not account for their cash on hand, obviously but I think that using the forward estimate is more than generous.

29 x 2.28 = $66 plus $18 cash = $84 trailing value. The company more than deserves a higher multiple in my opinion. This is partially based on their ability to grow revs and eps at a very strong clip, while still investing in new avenues.

One can make a case for 35 PE on forward EPS of 3.14 plus $20 cash = $130 price target in 12 months.....