Microsoft Corporation (NASDAQ:MSFT) announced that the next release of its flagship ERP solution, Microsoft Dynamics AX, will be generally available in the first quarter of 2016. The new release, architected for the cloud, brings the power and intelligence of the next generation of cloud computing in an enterprise-class business application to people and organizations worldwide.
Microsoft announced that a public preview of the new solution for customers and partners will be available in early December. Revealing the new name of the release, Microsoft Dynamics AX, the company departed from branding that included years or versions of the product to a simple brand that underscores Dynamics AX is a cloud-based service that will be regularly updated. The company will also implement a new, simple and transparent subscription pricing model to make it easier than ever for organizations to purchase the solution in a way that helps them grow at their own pace.
“Our ambition to build the intelligent cloud comes to life with apps optimized for modern business, like Dynamics AX,” said Scott Guthrie, executive vice president, Microsoft Cloud and Enterprise. “When you combine the hyperscale, enterprise-grade and hybrid-cloud capabilities of Microsoft Azure with the real-time insights and intuitive user experience of Dynamics AX, organizations and individuals are empowered to transform their business operations.”
This latest release delivers a new, intelligent user experience, optimized to deliver value to organizations by enabling them to make smarter decisions faster. It brings proven business processes to the cloud, which means that the full set of capabilities of this solution will be available to customers from day one. Dynamics AX introduces continuous management services that enable the software to quickly adapt to an organization’s business needs. The new Dynamics AX also harnesses the power of the cloud, giving businesses and people global availability and scale to work anywhere, anytime so they can grow at their own pace and on their terms. (Original Source)
Shares of Microsoft are trading at $54.08, up $0.23 or 0.43%. MSFT has a 1-year high of $54.98 and a 1-year low of $39.72. The stock’s 50-day moving average is $50.09 and its 200-day moving average is $46.35.
On the ratings front, Microsoft has been the subject of a number of recent research reports. In a report issued on November 12, Deutsche Bank analyst Karl Keirstead maintained a Buy rating on MSFT, with a price target of $60, which implies an upside of 11.4% from current levels. Separately, on November 11, CLSA’s Ed Maguire reiterated a Buy rating on the stock and has a price target of $60.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Karl Keirstead and Ed Maguire have a total average return of 4.6% and 5.1% respectively. Keirstead has a success rate of 54.2% and is ranked #848 out of 3855 analysts, while Maguire has a success rate of 52.7% and is ranked #1103.
Overall, 2 research analysts have rated the stock with a Sell rating, 5 research analysts have assigned a Hold rating and 14 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $56.33 which is 4.6% above where the stock closed yesterday.