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Market Update: Microsoft Corporation (NASDAQ:MSFT) – Here’s one growing concern Wall Street has about Microsoft

[Business Insider] – For most of the Steve Ballmer era at Microsoft, Microsoft’s revenue growth was sporadic… Read more on this. Microsoft Corporation (MSFT) , with a current value of $395.30B, started trading this morning at $49.80. A quick look at the market, the company’s stock traded between $49.66 and $50.33 and has traded between $39.72 and $56.85 over the past 12 months. Microsoft (MSFT) shares are currently priced at 18.77x 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 passive 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. The full-year EPS estimate is $2.66 which would be a $0.20 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.17 Billion. If reported, that would be a 0.05% decrease over the year-ago quarter. Recently, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. With the above information in mind, readers should note that the average price target is $57.73, which is 15.92% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft’s Azure: The Engine in BMW’s Mobile App (MSFT, AMZN) Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft beats Wall Street view on high demand for cloud products Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Analyst: 2016 will be a ‘206 area code street battle for the cloud’ and Microsoft could beat Amazon
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