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July 22, 2014
15:07 EDTSAP, CSCO, CRM, CAJ, MSFTEarnings Preview: Microsoft to report after Nadella makes big job cuts
Microsoft (MSFT) is scheduled to report results of its fourth fiscal quarter after the market close on Tuesday, July 22, with a conference call scheduled for 5:30 pm ET. Microsoft, a member of the Dow Jones Industrial Average, sells and licenses software to consumers and businesses, offers cloud computing and other business services, and markets hardware including the Xbox entertainment system, the Surface tablet and Nokia branded smartphones. EXPECTATIONS: Analysts are looking for earnings per share of 60c on revenue of $23.0B, according to First Call. The consensus range for EPS is 55c-66c on revenue of $22.24B-$23.5B. On its last earnings call, Microsoft said it sees Q4 devices & consumer licensing revenue $4.1B-$4.3B, Q4 commercial licensing revenue $13.1B-$13.3B, Q4 operating expenses of $8.4B-$8.6B and Q4 capital expenditures of $1.5B. LAST QUARTER: On April 24, Microsoft reported third quarter EPS of 68c, beating the consensus analyst forecast of 63c. It's revenue came in at $20.4B, nearly matching estimates for $20.39B. Microsoft reported that Q3 its devices and consumer revenue grew 12% to $8.3B, commercial revenue rose 7% to $12.23B, that Windows volume licensing revenue grew 11% and that Office 365 revenue grew over 100% and that commercial seats nearly doubled. NEWS: Less than a week ago, Microsoft announced a restructuring plan to simplify its operations and align the recently acquired Nokia Devices and Services business with the company's overall strategy. The steps will result in the elimination of up to 18,000 positions over the next year, with about 12,500 of those potential job eliminations coming in the Nokia business acquired by Microsoft in April. The company expects to incur pre-tax charges of $1.1B-$1.6B over the next four quarters, including $750M-$800M for severance and related benefit costs, and $350M-$800M of asset-related charges, but has not yet laid out what it expects to save as a result of the restructuring. Throughout this quarter, Microsoft has announced new or expanded deals or partnerships with SAP (SAP), Salesforce.com (CRM), Canon (CAJ) and Cisco (CSCO). STREET RESEARCH: On the day after Microsoft's last quarterly report, Bernstein said it believes that Microsoft's Q3 results indicate that the company is performing well. The firm thinks the company's cloud initiatives are starting to positively impact its results and it expects investors to start to focus on the company's cloud business. The firm raised its price target on the stock to $49 from $47 at that time and kept an Outperform rating on the shares. Similarly, Credit Suisse reiterated its Outperform rating on Microsoft that day and raised its price target to $47.50 following the Q3 report. The firm said the key takeaway was Office 365 momentum, which it viewed as a major positive. On June 5, FBR Capital upgraded Microsoft to Outperform from Market Perform, citing confidence in new CEO Satya Nadella's plan for the future and the company's "strong" cloud offerings. FBR raised its price target for shares to $49 from $43 to reflect its sum-of-the-parts analysis. On July 15, two days before Microsoft detailed the specifics of its restructuring, Nomura raised its price target on Microsoft to $50 from $45, saying at the time that it expects "bold organizational changes" to restore a culture of innovation. The firm cited the cultural change, combined with potential share buybacks and a headcount reduction, in reiterating its Buy rating on the stock. PRICE ACTION: Since the day after its last report, Microsoft has advanced about 12%. In afternoon trading ahead of tonight's report, Microsoft shares are fractionally lower near $44.67.
News For MSFT;CRM;SAP;CAJ;CSCO From The Last 14 Days
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July 15, 2015
07:24 EDTCSCOCisco management to meet with Deutsche Bank
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July 14, 2015
17:11 EDTMSFT, SAP, CRMMicrosoft M&A chief says Salesforce sale 'depends on' Benioff, Fortune reports
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16:35 EDTMSFTMicrosoft CEO to focus on 'a few phones,' ZDNet says
In a ZDNet interview at the Worldwide Partner Conference, Microsoft CEO Satya Nadella remarked, "I'm not going to launch a phone a day. I'm going to focus on a few phones that actually grab share that, in fact, showcase our uniqueness." Nadella called the company's restructuring of its mobile phone business "a change to our operating approach," and he added that "we will do everything we have to do to make sure we're making progress on phones." Reference Link
16:01 EDTMSFTOptions Update; July 14, 2015
iPath S&P 500 VIX Short-Term Futures down 15c to 17.76 Option volume leaders: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT NFLX TSLA TWTR MPC
09:45 EDTMSFTRackspace preparing deal with Amazon Web Services, CRN reports
In addition to its deal announced yesterday with Microsoft (MSFT) Azure, Rackspace is preparing an alliance with Amazon (AMZN) Web Services, CRN reported last night, citing a source. Reference Link
09:35 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT
07:07 EDTCSCOCisco management to meet with Deutsche Bank
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05:53 EDTMSFTMicrosoft likely to revamp and focus on flagship smartphones, DigiTimes says
Microsoft will likely revamp its strategy for smartphones by focusing on high-end and business-use models, reports DigiTimes. According to sources at Taiwan's handset supply chain, the company's new roadmap is expected to call for the launch of 1-2 models for its high-end business and mid-range to entry-level family lineups. The company and most industry insiders are wondering whether the new Windows 10 OS will help ramp up significantly the share of Windows Phone-based smartphones in the global market. Reference Link
July 13, 2015
17:56 EDTMSFTMicrosoft delays launch of Surface Hub
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15:35 EDTMSFTHP introduces devices, solutions, services to complement Windows 10
HP (HPQ) unveiled a set of offerings, including devices, solutions and services, that it said complement Microsoft's (MSFT) upcoming Windows 10 OS. HP devices available with Windows 10 include the BANG & OLUFSEN limited edition of the HP EliteBook Folio 1020 and the recently announced HP Pro Tablet 608. The BANG & OLUFSEN limited edition of the HP EliteBook Folio 1020 is expected to be available in the fall and pricing for the product will be set closer to its availability date, HP said. HP Pro Tablet 608 is expected to be available in August, starting at $429. For SMB customers, HP is offering HP Subscription -- a new way for customers to access the latest PC technology for a monthly fee. For large corporate and enterprise organizations, HP will offer a full suite of services, including client configuration and deployment services, to help customers migrate and transform to Windows 10, the company added.
12:01 EDTMSFTRackspace agreement with Microsoft a positive, says Wells Fargo
Wells Fargo views Rackspace's (RAX) agreement to support Microsoft's (MSFT) Azure cloud service as a positive for shares. While Wells expect minimal revenue contribution from the partnership in 2015, it thinks the pact expands Rackspace's addressable market. The agreement should also help should Rackspace improve capital returns, Wells tells investors in a research note. It keeps an Outperform rating on the stock.
11:35 EDTMSFTRackspace enters pact with Microsoft to support Azure cloud services
Rackspace (RAX) announced that it has expanded its service offering for its Microsoft (MSFT) product portfolio with "Fanatical Support for Microsoft Azure." Rackspace will work with customers to understand their requirements and create solutions that incorporate and maximize the latest Azure technologies, the company said. Customers can purchase Azure infrastructure and support as a bundle from Rackspace, whose experts can help them with architectural and on-boarding guidance. Customers who already use Azure infrastructure and want support and management expertise can get Rackspace managed services for their infrastructure as a separate cost based on their infrastructure spend. At launch, the offering will be generally available for U.S. based customers and will expand to International customers through early 2016, Rackspace said.
11:29 EDTMSFTMicrosoft announces Cortana Analytics Suite at Worldwide Partner Conference
Phil Sorgen, Microsoft's Corporate VP, Worldwide Partner Channel, commented in a blog post that "At our Worldwide Partner Conference today we showcased new technology innovations that demonstrate our ambition to reinvent productivity and business processes, build the intelligent cloud and create more personal computing. As part of the company’s ambition to reinvent productivity and business processes, Microsoft CEO Satya Nadella introduced Project GigJam, an unprecedented new way for people to accomplish their business tasks and transform business processes by breaking down the barriers between devices, apps and people. We also announced the Cortana Analytics Suite, a fully managed and comprehensive set of services to help businesses transform data into intelligent action. The third area of innovation we showcased was around commercial momentum in response to HoloLens – the world’s first fully untethered holographic computing device powered by Windows 10. We are expanding the Cloud Solution Provider program to help partners continue to build and grow profitable cloud services businesses using Microsoft Cloud. Beginning today, Microsoft will expand CSP to additional markets, bringing the total number of markets in which CSP is available to 131. e’ll share that we are introducing a new premium Office 365 enterprise suite called E5 before the end of this year. E5 will encompass the core value of Office 365 productivity and collaboration capabilities, as well as significant new innovations, including newSkype for Business services such as Cloud PBX and Meeting Broadcast; Power BI & analytics features, like Power BI Pro and Delve Organizational Analytics; and new advanced security features, such as eDiscovery, Customer Lockbox, and Advanced Threat Protection." Reference Link
11:20 EDTCRMStocks with call strike movement; MU CRM
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10:32 EDTMSFTStarbucks teams with companies to hire 100,000 young workers by 2018, WSJ says
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08:53 EDTCRMSalesforce seeing strong momentum in Europe, says FBR Capital
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08:51 EDTMSFTWindows 10 won't come pre-installed on PCs upon release, Bloomberg reports
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07:42 EDTCSCOCisco, F5 to benefit from strong IT, data networking spending, says Bernstein
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07:32 EDTCSCOCisco management to meet with Deutsche Bank
Meeting to be held in London on July 13 hosted by Deutsche Bank.
05:49 EDTMSFTUpstream supply chain expects weak PC performance in 2H15, DigiTimes reports
The upstream supply chain expects weak PC performance in the second half of 2015, reports DigiTimes. According to sources, orders are expected to stay weak in Q3 after it originally expected a bottoming out in Q2. Reference Link
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