Microsoft Corporation (NASDAQ: MSFT), reported the Q1 earnings. The firm reported earnings per share of $0.67 as against the estimated $0.59. The revenue was also less compared to the estimated value. The estimated revenue was $21.03 Bn while the actual revenue was $20.4 Bn. The firm’s revenue in productivity and business procedure has declined by 3% and is recorded at $6.3 Bn. The products and cloud services’ revenue has increased by 5% because of the increase in Office 365 revenue. The server products and cloud services’ revenue has contributed majorly to the earnings reported in Q3.
Post the earnings report, the firm has been performing fine on the stock markets. The firm opened at $47.53 on Thursday, and escalated to $48.95 before closing at $48.03. It gained 0.83 points which is about 1.76% during the trading hours. After the trading hours, it gained 7.87% and attained a price $51.81. The market capitalization recorded by the firm is $377 Bn. The P/E ratio for Microsoft is recorded at 32.91. The firm’s different cloud products have gained quite an attention, and are responsible for the growth potential. The firm is working towards innovation, and this year the release of Windows 10, Office 365 and Azure will help improve the firm’s stand at the markets. Enterprise mobility customers have doubled over the year, and the installations have also increased 6x improving the position for the firm.
Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. The companys Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
Micron Technologies Inc. (NASDAQ: MU), has received an analysts’ consensus of $22.66 per share EPS. This stock may decline by $15 per share in case the company stumbles at the stock market. The higher price estimate target as per the analysts stands at $40.
The firm has received a strong sell rating from the analysts at Zacks. The average rating received from 28 analysts is recorded at 1.82. 9 analysts have given it a hold rating while 16 have given it a strong buy rating. The firm performed quite well at the market on Thursday. The firm opened at $16.4 and escalated to $17.01 before closing at $16.72. The firm gained 0.29 points which translates to 1.77%. The market cap recorded by the firm is currently at $17.8 Bn while the P/E ratio is 5.57
The year to date stock performance for the firm stands at -52.24%, while the stocks have declined by 8.83% in the last three months. Microsoft and Micron Technology is looking to improve its position with innovative products.
Micron Technology, Inc., together with its subsidiaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.