Windows 10 News and info | Forum
October 23, 2019, Loading... *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: This is a clean Ad-free Forum and protected by StopForumSpam, Project Honeypot, Botscout and AbuseIPDB | This forum does not use audio ads, popups, or other annoyances. New member registration currently disabled.
 
  Website   Home   Windows 8 Website GDPR Help Login Register  
By continuing to use the site or forum, you agree to the use of cookies, find out more by reading our GDPR policy.
Pages: [1]
  Print  
Share this topic on Del.icio.usShare this topic on DiggShare this topic on FacebookShare this topic on GoogleShare this topic on MySpaceShare this topic on RedditShare this topic on StumbleUponShare this topic on TechnoratiShare this topic on TwitterShare this topic on YahooShare this topic on Google buzz
Author Topic: Microsoft tops $1 trillion in value, leaving Apple and Amazon behind  (Read 242 times)
javajolt
Administrator
Hero Member
*****
Online Online

Gender: Male
United States United States

Posts: 30610


I Do Windows


WWW Email
« on: June 08, 2019, 12:48:27 AM »
ReplyReply

One would be forgiven for thinking Microsoft just announced a $6000 computer and $1000 stand, as the company’s share price has surged 7% in the last 5 sessions according to Bloomberg, hitting its higher ever valuation in intra-day trades, and closing at above a $1 trillion valuation for the second time ever.

Over the same period, Alphabet fell 3.5% and Facebook lost 2.9%.  While Apple rose 9%, this was 18.2% below their Oct. 3, 2018, record high. Microsoft is now worth more than $100 billion more than their nearest rival.

As has become common, the results are speculated to be due to Microsoft’s limited involvement in the current hostile regulatory environment surrounding large tech companies and also their heavy involvement with enterprise services, which are less liable to be affected by economic downturns.

“Management noted Microsoft is better positioned than ever to maintain wallet share of customers through an economic downturn, given the broader budget exposure beyond IT,” Piper Jaffray analyst Alex J. Zukin wrote in a June 5 note. “However, they indicated they were not seeing any signs of an economic slowdown nor any weakness in the economy.”

Currently, 36 analysts have a buy rating for Microsoft with an average price target of $143 (7% up from the current close of $131.40), while one rate as hold and 2 recommend selling.

“We continue to have a ‘buy it and forget it’ mentality on the stock right now as the company appears to be in midst of secular fundamental growth,” Zukin wrote.

source
« Last Edit: June 08, 2019, 12:59:03 AM by javajolt » Logged


Pages: [1]
  Print  
 
Jump to:  

Powered by SMF 1.1.21 | SMF © 2017, Simple Machines

Google visited last this page June 27, 2019, 01:38:16 PM