NASDAQ Composite opens in less than three hours and Microsoft’s pre-market value is already 1.77% up.
The last session, NASDAQ Composite ended with Microsoft rising 0.44% to $225.95. NASDAQ Composite slid 0% to $13,543.06, after four sequential sessions in a row of gains, on what was a somewhat positive trend exchanging session.
Microsoft’s last close was $225.95, 3.06% below its 52-week high of $232.86.
News about Microsoft today
Microsoft admits it 'messed up' on its xbox live gold price hike, and is reversing the move following a huge backlash from fans. According to today’s article on Business Insider, "This is a sign that Microsoft is likely trying to push more users to sign up for the more expensive Game Pass, Insider’s Tyler Sonnemaker reported.", "Players would also no longer need the subscription – which is required for online multiplayer on Xbox consoles – to access free-to-play multiplayer games, Microsoft said as it reversed the price hike and admitted it "messed up."
Microsoft’s sales growth is 8.9% for the current quarter and 10.5% for the next. The company’s growth estimates for the current quarter and the next is 8.6% and 12.9%, respectively.
Year-on-year quarterly revenue growth grew by 12.4%, now sitting on 147.11B for the twelve trailing months.
Microsoft’s Stock Yearly Top and Bottom Value
Microsoft’s stock is valued at $225.95 at 06:39 EST, below its 52-week high of $232.86 and way higher than its 52-week low of $132.52.
Microsoft’s Moving Average
Microsoft’s worth is higher than its 50-day moving average of $217.86 and higher than its 200-day moving average of $213.08.
Microsoft’s last day, last week, and last month’s average volatility was 0.44%, 1.20%, and 0.07%, respectively.
Microsoft’s last day, last week, and last month’s high and low average amplitude percentage was 1.89%, 2.15%, and 1.85%, respectively.
Previous days news about Microsoft
Microsoft teams to be integrated with sap's Intelligent suite of solutions. According to Business Insider on Friday, 22 January, "SAP SE (SAP) and Microsoft Corp. (MSFT) plan to integrate Microsoft Teams with SAP’s intelligent suite of solutions. ", "The companies also formalized a expansion of an existing strategic partnership to accelerate the adoption of SAP S/4HANA on Microsoft Azure."
Microsoft stock is a buy while oracle is a sell, says Goldman Sachs. According to MarketWatch on Friday, 22 January, "Goldman Sachs analyst Kash Rangan initiated coverage on a basket of software names late Thursday, assigning buy ratings to shares of Microsoft Corp. , Workday Inc. , Adobe Systems Inc. , ServiceNow Inc. , Salesforce.com Inc. , and Splunk Inc. . "
Microsoft boosts price of xbox live gold, sparking gamer outrage. According to Bloomberg Quint on Friday, 22 January, "Last year, Microsoft removed the option for a full-year subscription at that price from the online store. ", "One user said Microsoft is out of touch with its community and the economic reality."
Microsoft president brad smith candidly confesses politics are pay-to-play in response to criticism over the company's donations to lawmakers who objected to US election results. According to Business Insider on Saturday, 23 January, "Smith argued to employees on Thursday that the contributions are still important because they get Microsoft’s lobbyists access to politicians, which helps them build relationships so the lawmakers are more receptive when Microsoft wants to lobby them on an issue.", "In 2020 alone, Microsoft gave $88,000 to lawmakers up for election who eventually objected to Electoral College results."
Tech giants Apple, Microsoft and Tesla headline busy earnings week. According to The Wall Street Journal on Saturday, 23 January, "Tech giants Microsoft Corp. , Apple Inc. and Tesla Inc. will be among the companies headlining a busy earnings week, shedding more light on how businesses performed at the end of 2020 as Covid-19 cases rose.", "For the first time ever in their respective histories, Apple’s quarterly sales are expected to cross $100 billion and Microsoft is projected to pass $40 billion."
Wedbush raises target as it predicts cloud services will lift Microsoft above wall street estimates. According to Business Insider on Sunday, 24 January, "Why It Matters: According to Ives, the current work-from environment"is further catalyzing more enterprises to make the strategic cloud shift with Microsoft across the board," leading to brisk growth for Azure. ", "In a nutshell, Microsoft CEO Satya Nadella and his company continue to lead a transformational cloud story," he wrote, that is narrowing the gap with Amazon.com, Inc. (NASDAQ:AMZN) and its competing cloud offering, Amazon Web Services."
Microsoft will leap another 20% as cloud-computing strength drives strong earnings, wedbush says. According to Business Insider on Sunday, 24 January, "The firm lifted its price target on Microsoft stock to $270 from $260, reflecting the expectation that shares will climb 19.5% from Friday’s close over the next 12 months.", "Ives estimates that Microsoft has only met 35% of the market for its cloud product and that permanent telework will accelerate other companies’ deployments of cloud-computing deals. "