Shares of Microsoft jumped 2.8% to $238.83 at 10:37 EST on Wednesday, after five consecutive sessions in a row of gains. NASDAQ Composite is sliding 0.79% to $13,518.55, following last session’s downward trend, This seems, up to now, a somewhat rough trend exchanging session today.
Microsoft’s last close was $232.33, 0.17% under its 52-week high of $239.24.
Microsoft’s sales growth is 10.5% for the current quarter and 10.2% for the next. The company’s growth estimates for the current quarter and the next is 12.9% and 17.1%, respectively.
Year-on-year quarterly revenue growth grew by 16.7%, now sitting on 153.28B for the twelve trailing months.
Microsoft’s last day, last week, and last month’s average volatility was 1.22%, 1.43%, and 0.24%, respectively.
Microsoft’s last day, last week, and last month’s high and low average amplitude percentage was 1.78%, 2.36%, and 1.92%, respectively.
Microsoft’s Stock Yearly Top and Bottom Value
Microsoft’s stock is valued at $238.83 at 10:37 EST, below its 52-week high of $239.24 and way above its 52-week low of $132.52.
Microsoft’s Moving Average
Microsoft’s value is above its 50-day moving average of $219.23 and way higher than its 200-day moving average of $213.48.
Previous days news about Microsoft
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, "Roughly 90% of upcoming cloud deployments have already been approved by company executives, the analyst added, leaving Microsoft to rapidly boost its market share in the coming months.", "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."
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 Business Insider on Monday, 25 January, "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.", "Just hours after announcing the price hike, Microsoft issued an update back-tracking on its decision."
Microsoft puts on its game face. According to The Wall Street Journal on Monday, 25 January, "But Microsoft has instead doubled down, continuing to update its Xbox consoles while investing more in the software and services side. "
US stock index futures mixed ahead of corporate giants’ earnings; Microsoft reports after the close. According to FX Empire on Tuesday, 26 January, "General Electric, Verizon and Johnson & Johnson are slated to report results before the bell, while tech giant Microsoft will announce its fiscal second-quarter earnings after the bell.", "After climbing as much as 1.4% to an intraday record, the NASDAQ Composite gave back a good portion of its gains, with the so-called "stay-at-home" winners, including Microsoft Corp, Facebook Inc and Apple Inc, rising after upbeat results from Netflix Inc last week."
Microsoft poised for record revenue boosted by cloud, videogaming. According to The Wall Street Journal on Tuesday, 26 January, "Wall Street expects Microsoft to post $40.2 billion in sales, the highest for any three-month period and up around 9% from the prior-year quarter. ", "Azure became a bigger source of revenue for Microsoft than its Windows operating system licenses in the September quarter, said Brent Bracelin, an analyst at Piper Sandler. "
Macron tells google and Microsoft to get on board with EU rules. According to Bloomberg Quint on Tuesday, 26 January, "During a call with Microsoft Corp. CEO Satya Nadella and Sundar Pichai of Alphabet Inc. on Monday, Macron told the executives any unfair practices will be seen as an attack on European democracy, according to an account of the conversation from one of the president’s aides. ", "Under the Digital Services Act, very large platforms like Microsoft and Google could face fines as high as 6% of global revenue if they don’t comply with orders to remove illegal content. "
Microsoft sales climb 17%, lifted by robust cloud demand. According to Bloomberg Quint on Tuesday, 26 January, "Even though the market is growing, Microsoft continues to face competition from Amazon.com Inc.’s AWS and a renewed cloud-infrastructure push at Alphabet Inc.’s Google. ", "Xbox content and services revenue jumped 40% in the December quarter, Microsoft said."
Microsoft hits $40 billion in quarterly sales for first time; stock up over 6%. According to MarketWatch on Tuesday, 26 January, "As personal-computer sales spiked due to work-from-home needs and Microsoft began selling new Xbox consoles in the holiday season, sales in Microsoft’s "more personal computing" segment grew to $15.12 billion from $13.21 billion in the same quarter a year ago. ", "Microsoft stock has increased 40.8% in the past 12 months, as the Dow Jones Industrial Average – which counts Microsoft as a component – has increased 6.8%."
Stock futures rise as Microsoft kicks off big-tech earnings on a high note. According to CNBC on Tuesday, 26 January, "Futures contracts tied to the major U.S. equity indexes rose during the overnight session Tuesday as Wall Street pored over earnings results from Microsoft and awaited similar updates from Apple, Facebook and Tesla due Wednesday.", "Investors are likely hoping that Microsoft – the second-largest publicly traded company in the U.S. worth $1.76 trillion – and its solid earnings results herald similar success from Apple, Facebook and Tesla. "