Microstrategy (MSTR -0.6%) edges lower following a bearish note from Drexel Hamilton, which is...

|By:, SA News Editor

Microstrategy (MSTR -0.6%) edges lower following a bearish note from Drexel Hamilton, which is troubled by the business intelligence software vendor's aggressive R&D spending plans for its cloud offerings. Together with Microstrategy's recent profit weakness, the firm believes a spending ramp will "weigh on margins for the forseeable future."