Microsoft Corporation (NASDAQ:MSFT) announced a range of new products and services that help IT professionals lead their companies in the new era of enterprise computing, including the next generation of Windows management, Microsoft Office, hybrid cloud infrastructure and SQL Server.
“No business can succeed and scale without IT innovating and transforming,” said Satya Nadella, CEO of Microsoft. “Empowering IT professionals is a key part of Microsoft’s technology agenda spanning Windows 10, Office 365, Azure and other cloud technologies.”
Brad Anderson’s Official Microsoft Blog post about the company’s focus on IT professionals can be found here.
Speaking to more than 23,000 conference attendees, as well as thousands of online viewers, Nadella showcased how Microsoft is fueling IT pro innovation and success. He was joined on stage by José Ángel Sánchez, CEO of Real Madrid C.F., winner of the 2014 FIFA Club World Cup and the FIFA Best Club of the 20th Century.
“Real Madrid is a club with a great tradition of winning, and our partnership with Microsoft for digital transformation will help us win both on and off the field,” Sanchez said. “The Microsoft cloud and its entire product portfolio is helping us change into a truly data-driven organization and to provide 450 million fans around the globe with exclusive, personalized content and services — before, during and after matches.” (Original Source)
Shares of Microsoft opened today at $48.37 and are currently trading up at $48.78. MSFT has a 1-year high of $50.05 and a 1-year low of $38.51. The stock’s 50-day moving average is $43.04 and its 200-day moving average is $44.78.
On the ratings front, Microsoft has been the subject of a number of recent research reports. In a report issued on May 1, J.P. Morgan analyst Mark Murphy maintained a Hold rating on MSFT, with a price target of $47, which represents a slight downside potential from current levels. Separately, on April 30, FBR’s Daniel Ives maintained a Buy rating on the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Mark Murphy and Daniel Ives have a total average return of 18.8% and 9.3% respectively. Murphy has a success rate of 74.1% and is ranked #462 out of 3590 analysts, while Ives has a success rate of 65.7% and is ranked #388.
In total, 3 research analysts have rated the stock with a Sell rating, 7 research analysts have assigned a Hold rating and 11 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 $48.37 which is -0.3% under where the stock opened today.