Microsoft (MSFT) PT Raised to $65 at FBN Securities Following Solid Q4

Microsoft (MSFT): Doing All the Right Things - Oppenheimer

July 20, 2016 11:21 AM EDT

Oppenheimer analyst, Timothy Horan, sees execution risk and a slowdown in spending overseas as the biggest risks for the company but MSFT is doing all the right things strategically. Further, despite the inevitable gross margin pressures of cloud, he sees EBITDA as stabilizing now and gross margins in two... More

BMO Raises Estimates and PT on Microsoft (MSFT)

July 20, 2016 9:31 AM EDT

BMO Capital analyst, Keith Bachman, reiterated his Outperform rating on shares of Microsoft (NASDAQ: MSFT) and raised his price target to $62 from $57. MSFT's report was generally positive, especially since investors expected September Q guidance to be below consensus. FCF generation should be highlighted since it increased 15% y/y in the June Q and 7% y/y in FY2016. Further,... More

Microsoft (MSFT) PT Raised to $62 at UBS Following Resilient Q4

July 20, 2016 8:43 AM EDT

UBS analyst Brent Thill reiterated a Buy rating and lifted his price target on Microsoft (NASDAQ: MSFT) to $62.00 (from $59.00) following better-than-expected Q4 results.

Thill commented, "Our 'grind higher' thesis remains intact as, after a tough FQ3, MSFT delivered a bounceback Q4, with total revenue $400M above Street ($22.6Bn, +5% CC), strong EPS upside boosted by a favourable tax rate ($0.69 vs. Street... More

Nomura Securities Reiterates Buy on Microsoft (MSFT) Following Solid 4Q

July 20, 2016 7:46 AM EDT

Nomura Securities reiterated a Buy rating and $65.00 price target on Microsoft (NASDAQ: MSFT) following the company's 4Q earnings report. Both revenues and EPS beat expectations. Microsoft guided to 1Q17 non-GAAP revenues of $21.2-21.9bn, below Street estimates at $22.2bn.

Analyst Frederick Grieb commented,... More

Microsoft helps Wall St. to another day of record highs

July 20, 2016 7:23 AM EDT

By Lewis Krauskopf

(Reuters) - Wall Street gained on Wednesday and the S&P 500 and Dow industrials set fresh records, as Microsoft's strong results boosted the indexes and marked the latest sign that U.S. corporate earnings season may be less dour than feared.

Microsoft (NASDAQ: MSFT) shares surged 5.3 percent after the software giant posted sharp growth in its cloud computing business.

The stock gave by far the biggest lift to the major indexes and the tech sector .

Defensive sectors such as utilities and telecoms have led the market's gains... More

Microsoft (MSFT) volatility elevated into better than expected Q4 and outlook

July 20, 2016 6:07 AM EDT

Microsoft (MSFT) is recently up $2.36 to $55.45 in the premarket on better than expected Q4 results and outlook. July weekly call option implied volatility is at 65, August is at 54; compared to its 52-week range of 19 to 40.

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Unexpected high license growth fuels SAP second-quarter operating profit beat

July 20, 2016 1:27 AM EDT

By Harro Ten Wolde

FRANKFURT (Reuters) - Unexpectedly strong growth in high-margin packaged software licenses fueled quarterly earnings of Europe's largest software company SAP , which confirmed its full-year outlook.

Second-quarter operating profit, excluding special items, rose 9 percent to 1.52 billion euros ($1.67 billion), beating average analysts' expectations of 1.45 billion euros in a Reuters poll.

SAP, whose customers include many of the world's biggest multinational corporations, specializes in business applications ranging from accounting to human resources to supply-chain management.

It and its established rivals such as Oracle (NYSE:... More

Microsoft (MSFT) Tops Q4 EPS by 11c

July 19, 2016 4:05 PM EDT

Microsoft (NASDAQ: MSFT) reported Q4 EPS of $0.69, $0.11 better than the analyst estimate of $0.58. Revenue for the quarter came in at $22.6 billion versus the consensus estimate of $22.14 billion.

This past year was pivotal in both our own transformation and in partnering with our customers who are navigating their own digital transformations, said Satya Nadella, chief executive officer at Microsoft. The Microsoft Cloud is seeing significant customer momentum and were well positioned to reach new opportunities in the year ahead.

... More