Here's what analysts are saying about Google's huge re-organization announcement

Google announced a major re-organization on Monday that will see the creation of a new parent company called Alphabet.

Larry Page will lead Alphabet, while former Chrome and Android head Sundar Pichai will become the CEO of Google, now a subsidiary of the bigger company Alphabet. Sergey Brin will serve as Alphabet's president.

Google's shares rocketed up 6% in after-hours trading.

Here's a round-up of what the analysts have had to say about the huge announcement so far. Most of the analysts seem to agree that the move will provide more transparency around Google's financial reporting, as well as more managerial focus on its separate operations. However, the true impact of the re-org probably won't be clear until Google/Alphabet next reports its earnings.