Microsoft Corp. Stock Rating Reaffirmed by TheStreet (MSFT)
Microsoft Corp. (NASDAQ:MSFT)‘s stock had its “buy” rating restated by stock analysts at TheStreet in a report issued on Monday, Analyst Ratings Network reports.
The analysts wrote, “So now there’s word that Microsoft (MSFT) wants to find a way to let customers buy a device and then choose between Windows Phone and Google’s (GOOG) Android operating system.
If this doesn’t highlight what’s wrong with tech outside of the hundreds of innovative startups saturating pockets of the country and a handful of major players I’m not sure what does.
As I noted earlier Monday at TheStreet, Apple (AAPL) continues to crush the competition and, meantime, Microsoft barely runs in place with Windows Phone.
Is this the only solution to its inability to execute the maker of the excellent Xbox platform and apparent hub of Pacific Northwest innovation can come up with? To, for all intents and purposes, grab cheap marketshare in hardware by admitting the experiment to merge Windows desktop with Windows Mobile failed so it can do no better than offer an Android option? See, look, we did something, we sold a few devices, but it really had nothing to do with anything we did other than poach off of an already existing idea because, well, we basically suck and have run out of original ideas. We have NO way forward! Harsh, I know. Maybe even a tad unprofessional. But, I don’t like to mess around. I prefer cutting straight to what they call #truth on Twitter (TWTR)!”
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 2.11% on Monday, hitting $36.13. 43,615,036 shares of the company’s stock traded hands. Microsoft Corp. has a 52 week low of $26.28 and a 52 week high of $38.98. The stock’s 50-day moving average is $37. and its 200-day moving average is $34.61. The company has a market cap of $301.6 billion and a price-to-earnings ratio of 13.82.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.07. The company had revenue of $18.53 billion for the quarter, compared to the consensus estimate of $17.83 billion. During the same quarter last year, the company posted $0.65 earnings per share. Microsoft Corp.’s revenue was up 15.7% compared to the same quarter last year. On average, analysts predict that Microsoft Corp. will post $2.67 earnings per share for the current fiscal year.
In other Microsoft Corp. news, EVP Tami Reller unloaded 5,800 shares of Microsoft Corp. stock on the open market in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $37.35, for a total transaction of $216,630.00. Following the completion of the sale, the executive vice president now directly owns 461,774 shares in the company, valued at approximately $17,247,259. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Microsoft Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, December 19th. They now have a $38.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Microsoft Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 9th. Finally, analysts at Evercore Partners reiterated an “overweight” rating on shares of Microsoft Corp. in a research note to investors on Wednesday, November 27th. They now have a $45.00 price target on the stock, up previously from $38.00. Five investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $35.48.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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