Microsoft upgraded after earnings; +2.3% premarket

"We are becoming more constructive on Microsoft (NASDAQ:MSFT) as the company starts to provide more compelling evidence of its move to the cloud," says Pacific Crest's Brendan Barnicle, boosting the stock to Outperform with $54 price target. He notes an acceleration in the company's cloud business last quarter thanks to increased adoption of its Azure and Office 365 offerings.

BofA's Kash Rangan throws in the towel on his Underperform rating, saying his team's concerns are apparently not so worrisome to those who invest in the stock.

Shares +2.3% premarket

Previously: Microsoft Corporation misses by $0.06, beats on revenue

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Comments (10)
  • KevinRemde
    , contributor
    Comments (572) | Send Message
    ...and I'm all smiles. :)
    23 Jul 2014, 08:23 AM Reply Like
  • Island_Dweller
    , contributor
    Comments (649) | Send Message
    For me the journey started back when I was anticipating an inevitable Ballmer exit yet I didn't expect it to happen for quite some time, and until then I was just going to soak the dividends. Funny how much change can happen in less than 2 years.


    All smiles.
    23 Jul 2014, 08:26 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (2146) | Send Message
    Happy to be here, having started accumulating this 'PC is dead', dinosaur of a company at below $30... :)
    23 Jul 2014, 08:27 AM Reply Like
  • makeme
    , contributor
    Comments (23) | Send Message
    Bill Gates must be thinking why did I not make him the CEO 5 years ago
    23 Jul 2014, 08:30 AM Reply Like
  • Ruffdog
    , contributor
    Comments (3548) | Send Message
    Bill will start selling his 20m share he sells quarterly by the end of the month and he will get more $$$ than he ever got!
    23 Jul 2014, 10:39 AM Reply Like
  • SunFunRum
    , contributor
    Comments (36) | Send Message
    These analysts are always late to the party with their "expert" predictions!
    23 Jul 2014, 08:47 AM Reply Like
  • Shaduc
    , contributor
    Comments (2984) | Send Message
    Taking Stock Of 2 Tech Giants: What's Next For Apple And Microsoft
    July 23, 2014 4:45 AM ET
    Listen to the Story
    Morning Edition 3 min 32 sec
    Microsoft's new CEO is getting a lot of love from Wall Street, but the company is struggling to stay relevant. And Apple has found its footing again, mostly through a massive stock buyback program.
    23 Jul 2014, 08:53 AM Reply Like
  • Shaduc
    , contributor
    Comments (2984) | Send Message
    Global revenue for videogames on PCs and consoles like the Xbox One and PlayStation 4 will shrink from $46.5 billion currently to $41 billion in 2019, Juniper Research forecast.
    23 Jul 2014, 12:08 PM Reply Like
  • Ruffdog
    , contributor
    Comments (3548) | Send Message
    Like BofA's Kash Rangan throws in the towel AARTI SHAHANI will do the same. AAPL is the next netscape. IPhone 6 will be a dud.
    23 Jul 2014, 10:43 AM Reply Like
  • Baby Danny
    , contributor
    Comments (25) | Send Message
    We will see how much they raise the dividend to really know what's going on!
    25 Jul 2014, 08:57 AM Reply Like
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