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Market Update: Microsoft Corporation (NASDAQ:MSFT) – Not to be outdone by Google Assist, Microsoft plans its own bot

[at American City Business Journals] – Microsoft has its own plans for a voice-activated bot for Bing that sounds similar to Google’s voice-controlled platform Google Assist. In a job posting, Microsoft (MSFT) said it was looking for an engineer for the company’s “Bing Concierge Bot” team in Redmond. Read more on this. Microsoft Corporation (MSFT) , with a current market cap of $397.90B, started trading this morning at $50.48. Today, shares have traded between $50.43 and $51.22 per share with a trailing 52-week range being $39.72 to $56.85. Priced at 18.92x this year’s forecasted earnings, MSFT shares are relatively expensive compared to the industry’s 2.92x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.44 per share annually in dividends, yielding 2.85%. According to a consensus of 29 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 $22.16 Billion. If reported, that would be a 0.09% 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. When considering if the stock is under or overvalued, the average price target is $57.65, which is 14.20% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – How Microsoft CEO Satya Nadella plans to beat Amazon in the cloud 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 Makes Windows 10 ‘Free Upgrades’ Worse
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