Microsoft Corporation (NASDAQ: MSFT) and Nissan Motor Co. Ltd. on Tuesday announced that all Nissan LEAF models and Infiniti models in Europe will have Connect Telematics Systems (CTS) powered by Microsoft Azure. Since the Nissan LEAF’s launch in 2010, more than 200,000 have been sold worldwide, making it the world’s best-selling electric vehicle. Nissan selected Azure to meet customers’ expectations about in-vehicle mobility solutions, create additional ways to interact with their vehicles, and enhance safety.
Nissan designs cars to meet the needs of the next generation of car buyers, the environmentally conscious “digital natives.” Having transformed the performance, practicality and public perception of EVs around the world since the LEAF’s launch, Nissan remains one of the leaders in EV technology. The connectivity to their owners and to the world around them makes electric cars more attractive and convenient. Maps, range prediction, charging station availability, charge status, plus all the services customers have come to expect when inside a vehicle are dependent on that connectivity. Azure provides a global cloud platform with cutting-edge security that allows Nissan to deliver services worldwide to this broad customer base.
Nissan CTS is coupled to Azure, allowing a remote connection to the vehicle. With CTS, Nissan LEAF drivers can perform a range of functions on their car, while not even inside. These include using mobile phones to turn on and adjust climate controls and set charging functions remotely even when the vehicle is powered down. An onboard timer can also be programmed to start the charging event.
As countries and regulations become more stringent on data privacy and technology standards, Nissan and Microsoft are committed to investing in meeting regulatory standards around the globe. Nissan selected Azure because of its enterprise-grade security and compliance. Microsoft was the first major cloud provider to adopt the world’s first international cloud privacy standard, ISO 27018, providing another reason enterprise customers can move with confidence to Azure. Azure supports multiple operating systems, programming languages and tools, providing flexibility and choice for Nissan.
With the standard Hands-Free Text Messaging Assistant for all Nissan LEAF around the world, drivers can manage incoming text messages via voice control without taking their hands from the wheel or their eyes off the road. Drivers are alerted to an incoming text and, after initiating the system, can hear the text read out loud and respond by voice, or via the steering wheel switches using preset answers such as “driving, can’t text,” “on my way,” “running late,” “okay.” These experiences are powered by the back-end connectivity and support of Azure.
Nissan can also send over-the-air “point of interest” (POI) updates as they become available, enabling customers to have the latest information as the company continues to refresh its services. Connectivity to Azure allows Nissan to bring new connected features to market faster and offer flexibility for the future.
The partnership allows Nissan to tap into Microsoft’s deep expertise across critical areas such as data management and analytics. Azure offers Nissan the scale and commitment to security it needs to support its global operations. The expansive global footprint of Microsoft’s datacenters provides the coverage to support Nissan’s vehicles anywhere they are in the world.
“Microsoft Azure will help us deliver a more innovative and intelligent future for our connected technologies,” said Celso Guiotoko, chief information officer and corporate vice president in charge of global corporate IS/IT, Nissan. “This is also a bold first step toward innovations that will realize future new mobility.”
Nissan’s connected platform powered by Azure is allowing Nissan to continue to provide its customers with exceptional value and add new services throughout the vehicle life cycle.
“Our partnership with Nissan shows what automakers can accomplish by tapping into Microsoft’s intelligent cloud platform,” said Peggy Johnson, executive vice president of business development, Microsoft. “Further, our collaboration reveals tremendous possibilities for how consumers can get more out of their connected driving experience.” (Original Source)
Shares of Microsoft closed yesterday at $54.8, down $0.68 or -1.23%. MSFT has a 1-year high of $56.85 and a 1-year low of $39.72. The stock’s 50-day moving average is $54.92 and its 200-day moving average is $48.28.
On the ratings front, Microsoft has been the subject of a number of recent research reports. In a report released yesterday, FBR analyst Daniel Ives reiterated a Buy rating on MSFT, with a price target of $60, which implies an upside of 9.5% from current levels. Separately, on December 22, Pacific Crest’s Brendan Barnicle maintained a Buy rating on the stock and has a price target of $65.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Daniel Ives and Brendan Barnicle have a total average return of 3.1% and 15.1% respectively. Ives has a success rate of 48.7% and is ranked #755 out of 3648 analysts, while Barnicle has a success rate of 75.9% and is ranked #118.
The street is mostly Bullish on MSFT stock. Out of 22 analysts who cover the stock, 15 suggest a Buy rating , 6 suggest a Hold and one recommends to Sell the stock. The 12-month average price target assigned to the stock is $58.58, which implies an upside of 6.9% from current levels.