Not very many people were impressed with Microsoft’s quarterly earnings report yesterday which has prompted the company’s shares to fall by around 9%, bringing the price to less than $43 per share. This seems to be a response to Microsoft’s disappointing commercial and consumer licensing revenue that its receives from Windows and Office.
Microsoft shares have fallen 9 percent in trading this morning, to less than $43 a share, after the company’s earnings report Monday afternoon. Investors appear to be reacting to the lower commercial and consumer licensing revenue reported by the company for its flagship Windows and Office franchises. Several analysts downgraded Microsoft’s shares following the earnings report, citing underlying trends in the company’s earnings report. Rick Sherlund, the Nomura Research analyst who has covered the company since it went public, wrote in a note to clients, “After a lengthy 16-month period of multiple expansion for Microsoft’s stock, we see a tougher transition ahead, and move to the sidelines with a Neutral rating on the stock, down from Buy.” He reduced his price target to $50 from $56 along with the downgrade.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
For the past six years, an early-stage startup accelerator known as The Founder Institute has been conducting research on the differences between…
In less than three years, Tinder has managed to claw its way to the top of the already crowded dating…
With how ridiculously popular ride-sharing services like Uber, companies in several other fields have been looking to achieve a similar…
Expedia has been on an acquisition spree recently and has consolidated the OTA market to the point where there's now…
