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Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft beats Wall Street view on high demand for cloud products

[Reuters] – (Reuters) – Microsoft Corp (MSFT.O) reported quarterly revenue and profit that beat analysts’ expectations, driven by aggressive cost cutting and growing demand for its cloud products and services. Microsoft, … Read more on this. Microsoft Corporation (MSFT) , valued at $415.81B, opened this morning at $51.82. Looking at the equity, the company’s one day range is $51.25 to $52.21 and has traded between $39.72 and $56.85 over the past 12 months. MSFT shares are currently priced at 18.56x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.49x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.78%. In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $0.71 per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.76 is a $0.30 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $25.26 Billion. If reported, that would be a 4.57% decrease over the year-ago quarter. More recently, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight (Jan 13, 2016). Previously, BMO Capital Markets Initiated MSFT at to Outperform. Investors should keep in mind is that the average price target is $58.00, which is 11.93% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Analyst: 2016 will be a ‘206 area code street battle for the cloud’ and Microsoft could beat Amazon Company Update: Microsoft Corporation (NASDAQ:MSFT) – Cloud services bolster Microsoft results, shares soar Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up
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