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Stock Update (NASDAQ:MSFT): With LinkedIn deal, Microsoft is bringing in a new era of software: VC investor

[at CNBC] – This Microsoft-LinkedIn deal means wer are decidedly at the start of a new era in software, says venture capital investor Gordon Ritter. Read more on this. Microsoft Corporation (MSFT) , valued at $393.53B, started the session at $49.78. Looking at today’s trading action, the company’s one day range from $49.75 to $50.12 with a trailing 52-week range being $39.72 to $56.85. Microsoft (MSFT) shares are currently priced at 18.66x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 0.54x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.44 per share annually in dividends, yielding 2.80%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $0.58 per share, which would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.67, which would be a $0.21 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.17 Billion. If realized, that would be a 0.05% 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. The average price target for MSFT shares by the analysts covering it is $57.79, which is 16.09% above where the stock opened. See more in (NASDAQ:MSFT) Similar Articles: Market Update (NASDAQ:MSFT): Microsoft finally buys Yahoo, but it’s called LinkedIn Market Update: Microsoft Corporation (NASDAQ:MSFT) – Yahoo! (YHOO) Stock Climbs on Potential Microsoft Deal Company Update: Microsoft Corporation (NASDAQ:MSFT) – Tableau Tumbles On Microsoft Rivalry; Software Stocks Down Hard
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