BofA/Merrill Lynch Upgrades Microsoft (MSFT) to Neutral
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July 23, 2014 6:40 AM EDT
Oppenheimer analyst Shaul Eyal reiterated an Outperform rating and bumped his price target on Microsoft (NASDAQ: MSFT) to $50.00 (from $45.00) following Q2 results.
Eyal commented, "MSFT delivered another solid quarter when brushing off the NOK acquisition effects. MSFT continues to see broad-based strength... More
July 22, 2014 4:04 PM EDT
(Updated - July 22, 2014 4:05 PM EDT)
Microsoft Corp. (NASDAQ: MSFT) reported Q4 EPS of $0.55, versus the analyst estimate of $0.61. Revenue for the quarter came in at $23.38 billion versus the consensus estimate of $23.11 billion.
We are galvanized around our core as a productivity and platform company for the mobile-first and cloud-first world, and we are driving growth with disciplined decisions, bold innovation, and focused execution, said Satya Nadella, chief executive officer of Microsoft. Im proud that our aggressive move to the cloud is paying off our commercial cloud revenue doubled again this year... More
