Stock Update (NASDAQ:MSFT): Growing the cloud: How Microsoft, Inphi could help expand the entire industry

[at American City Business Journals] – Microsoft is teaming with California-based semiconductor design company Inphi on a new product to make it easier for companies to connect data centers and, ultimately, expand the cloud computing industry. Cloud companies connect data centers – using large pipes and fiber optic cables – to improve reliability and reduce costs and latency, or the time it takes for data to travel from a server to a device. The challenge is the hardware available on the market now is cumbersome and consumes a lot of energy – a precious resource for data centers, which suck up enormous amounts of power to supply the racks of computers running inside. Read more on this. Microsoft Corporation (MSFT) , with a current value of $426.86B, opened at $53.72. Today’s price range has been between $53.46 and $53.97 per share with the price of the stock fluctuating between $39.72 to $56.85 over the last 52 weeks. Priced at 19.51x this year’s forecasted earnings, MSFT shares are relatively inexpensive compared to the industry’s 20.60x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 2.69%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $0.64 per share, which would be $0.03 better than the year-ago quarter and a $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.76 is a $0.30 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.10 Billion. If reported, that would be a 1.70% increase over the year-ago quarter. Recently, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $58.73, which is 9.33% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Earnings: Cloud Growth Shines Through As PC sales Play Spoil Sports Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Analyst: 2016 will be a ‘206 area code street battle for the cloud’ and Microsoft could beat Amazon Market Update (NASDAQ:MSFT): Cloud wars setback? Microsoft caps storage while competitors expand
Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.