Microsoft Corporation (MSFT), a Software—Infrastructure corporation, was a bullish stock in the prior market session. Microsoft Corporation (MSFT) shares opened the day for trading at $179.50 and closed the day at $178.60 with momentum of +0.88%. The increase move in Microsoft Corporation (MSFT) lagged the move in the DOW for the day which gained +2.99% in prior market day.
Microsoft Corporation (MSFT) is focused on the Software—Infrastructure sector. This market sector has seen some action from day traders in recent months. Bullish day traders of Microsoft Corporation (MSFT) will be looking for positive upcoming earnings whereas bearish day traders of Microsoft Corporation (MSFT) will be looking for negative earnings. The last time Microsoft Corporation (MSFT) had an earnings surprise was on Qtr Ending 12/19 when they reported $1.51 compared to an estimate of $1.32 which was a difference of $+0.19 resulting in a change of +14.39%. Current earnings estimates are to be released for Current Qtr 03/2020 on Microsoft Corporation (MSFT) and out of 13 Wall Street estimates the average is saying $1.28. The high estimate is saying $1.33 whereas the low estimate is saying $1.17 and the prior year Microsoft Corporation (MSFT) announced earnings at $1.14 a growth rate est. (year over year) of +12.28%.
The market performance of Microsoft Corporation (MSFT) has varied recently. Year to date Microsoft Corporation (MSFT)’s shares are up 13.25%. Over the past 12 weeks Microsoft Corporation (MSFT) is up 7.13% and over the last 4 weeks Microsoft Corporation (MSFT) is up 25.15%. Microsoft Corporation (MSFT) current income statement shows revenue (ttm) of $134.25B. Gross Profit is $82.93B. This puts the current EBITDA of Microsoft Corporation (MSFT) at $61.26B.
Wall street day traders might also notice recent changes to stock analyst estimates for Microsoft Corporation (MSFT). The stock is trading with an RSI (relative strength index) of 60.47 indicating Microsoft Corporation (MSFT) is neither overbought nor oversold. Technically, MSFT’s short term support levels are around $12.14, $174.19 and $165.30 on the downside. MSFTs short term resistance levels are $23.72, $23.12 and $22.49 on the upside. The market cap of Microsoft Corporation (MSFT) is $1.358T and institutions hold 74.22% of the stock. The outstanding share count stands at 7.62B while the short float (shares short) stands at 0.78%.
Research shows that these estimate changes look to be directly correlated with short-term shares prices. The day traders can look to capitalize on the basis of ranking. Microsoft Corporation (MSFT) has short term rating of Bullish (0.31), Intermediate rating of Bullish (0.31) and long-term rating of Neutral (0.22) giving Microsoft Corporation (MSFT) an overall rating of Bullish (0.28).
The EPS growth this year on Microsoft Corporation (MSFT) is increased 22.20% and is expected to increase 10.27% next year. However, quarterly earnings (EPS) growth year over year on Microsoft Corporation (MSFT) has increased by 37.20% and quarterly revenue (Sales) growth year over year stands at 13.70%. Gross margin is detected at 67.70% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 33.00% while return on equity (ttm) is 42.90%.
2020-03-27 – Microsoft To Divest Its Shareholding In AnyVision.
2020-03-20 – Adaptive Biotechnologies And Microsoft Expand Partnership To Decode Covid-19 Immune Response And Provide Open Data Access.
2020-03-13 – U.S. Govt Lawyers Ask Federal Judge For Permission To Reconsider Pentagon’s Decision To Award Microsoft $10 Bln Cloud Contract – Bloomberg.
2020-03-10 – Microsoft Sets Quarterly Dividend Of $0.51 Per Share.
2020-03-03 – Microsoft Says Halo The Master Chief Collection Bundle Including Halo Combat Evolved Anniversary & Halo Reach Available For $39.99.
Redmond, WA-based Microsoft Corporation is one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 80% of the market share for operating systems. The company’s Office 365 application suite is one of the most popular productivity softwares globally.