Company Update (NASDAQ:MSFT): Arrow Electronics Speed Up Hybrid Cloud Growth With Microsoft’s Cloud Solution

[Benzinga] – Arrow Electronics, Inc. (NYSE: ARW ) disclosed its participation in the Microsoft Corporation (NASDAQ: MSFT ) Cloud Solution Provider Program. According to the company, the software firm’s solution was … Read more on this. Microsoft Corporation (MSFT) , valued at $398.13B, opened this morning at $50.00. During today’s session, MSFT traded between $49.78 to $50.75 with its 52-week range being $39.72 to $56.85. Microsoft (MSFT) shares are currently priced at 18.75x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.35x earnings multiple for the same period. And for income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.89%. According to a consensus of 28 analysts, the earnings estimate of $0.58 per share would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.66 is a $0.20 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.16 Billion. If reported, that would be a 0.09% decrease over the year-ago quarter. In terms of ratings, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. Investors should keep in mind is that the average price target is $57.86, which is 15.72% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Stock Still a Buy on Cloud Momentum (MSFT) Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Earnings: Cloud Growth Shines Through As PC sales Play Spoil Sports Company Update (NASDAQ:MSFT): Other than cloud, look for this on MSFT earnings