Microsoft Corporation (NASDAQ:MSFT) and China Electronics Technology Group and (CETC) announced a partnership aimed at providing world-class operating system technology and services for Chinese users in specialized fields in government institutions and critical infrastructure state-owned enterprises.
CETC and Microsoft will partner to explore how to support the configuration, deployment and maintenance of localized Windows 10 in the computer systems of Chinese users in specialized fields.
As part of the cooperation, relevant CETC subsidiary companies will become members of the Microsoft Partner Network and sign a Microsoft Premier Support for Development agreement. These steps will provide training and certification to the relevant CETC subsidiary companies from Microsoft for the latest technology for Windows deployment, support and best practices.
CETC is preparing to start internal testing for its support of Windows 10 in the coming months. The companies intend this collaboration to grow over time so it can deepen service to these specialized fields. (Original Source)
Shares of Microsoft closed yesterday at $43.87. MSFT has a 1-year high of $50.05 and a 1-year low of $39.72. The stock’s 50-day moving average is $44.41 and its 200-day moving average is $44.56.
On the ratings front, Microsoft has been the subject of a number of recent research reports. In a report issued on September 15, Piper Jaffray analyst Katherine Egbert maintained a Buy rating on MSFT, with a price target of $53, which represents a potential upside of 20.8% from where the stock is currently trading. Separately, on September 14, Evercore ISI’s Kirk Materne reiterated a Buy rating on the stock and has a price target of $54.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Katherine Egbert and Kirk Materne have a total average return of 1.6% and 13.9% respectively. Egbert has a success rate of 51.0% and is ranked #1751 out of 3766 analysts, while Materne has a success rate of 70.0% and is ranked #753.
The street is mostly Bullish on MSFT stock. Out of 18 analysts who cover the stock, 12 suggest a Buy rating , 4 suggest a Hold and 2 recommend to Sell the stock. The 12-month average price target assigned to the stock is $53.45, which implies an upside of 21.8% from current levels.