Stock Update (NASDAQ:MSFT): Microsoft’s Xbox Live Experiencing Continuing Service Issues

[at Forbes] – Maybe a little less grinding on those gears. The new year has not been great for either Xbox Live or PSN. It’s Microsoft’s turn to see some problems with its online gaming network, moving through various outages over the past couple of days, resulting in severely limited services over the course Read more on this. Microsoft Corporation (MSFT) , with a current market cap of $406.18B, opened this morning at $52.34. Looking at today’s market, MSFT one day range is $51.16 to $52.37 with its 52-week range being $39.72 to $56.85. Priced at 18.78x this year’s forecasted earnings, MSFT shares are relatively expensive compared to the industry ’s 6.67x forward p/e ratio. The company pays shareholders $1.44 per share in dividend income per year, for a current yield of 2.78%. Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.64 per share, which would be $0.03 better than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.76, which would be a $0.30 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.08 Billion. If realized, that would be a 1.61% increase over the year-ago quarter. Recently, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight (Jan 13, 2016). Previously, BMO Capital Markets Initiated MSFT at to Outperform. With the above information in mind, readers should note that the average price target is $58.56, which is 11.88% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update (NASDAQ:MSFT): Microsoft’s Xbox One dumps Kinect hand gestures Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft: Why You Should Be Buying An Xbox One This Holiday Season Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s Former Xbox Head: Xbox One Launch Problems Were Predictable And Preventable