Market Update: Microsoft Corporation (NASDAQ:MSFT) – Bored of virtual reality? Microsoft’s betting on ‘mixed reality’ now

[at CNBC] – Microsoft declared its Windows 10 operating system was the best place for “mixed reality” computing at the Computex IT trade show in Taiwan. Read more on this. Microsoft Corporation (MSFT) , valued at $414.07B, opened at $52.50. Shares have traded today between $52.44 and $52.95 per share and has traded between $39.72 and $56.85 over the past year. Microsoft (MSFT) shares are currently priced at 19.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.28x earnings multiple for the same period. The company pays shareholders $1.44 per share annually in dividends, yielding 2.75%. 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 $2.67 which would be a $0.21 better 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. More 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 $57.66, which is 9.83% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Market Update: Microsoft Corporation (NASDAQ:MSFT) – Here’s Why Microsoft (MSFT) Stock Is Advancing Today 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