Seeking Alpha

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
Comments (10)
  • KevinRemde
    , contributor
    Comments (426) | Send Message
     
    ...and I'm all smiles. :)
    23 Jul 2014, 08:23 AM Reply Like
  • Island_Dweller
    , contributor
    Comments (497) | 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 (2043) | 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 (1974) | 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 (31) | 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 (1851) | Send Message
     
    Taking Stock Of 2 Tech Giants: What's Next For Apple And Microsoft
    by AARTI SHAHANI
    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.
    http://n.pr/1jV8Xrp
    23 Jul 2014, 08:53 AM Reply Like
  • Shaduc
    , contributor
    Comments (1851) | 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.
    http://on.recode.net/1...
    23 Jul 2014, 12:08 PM Reply Like
  • Ruffdog
    , contributor
    Comments (1974) | 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 (20) | 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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