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News Breaks
April 18, 2013
14:22 EDTMSFTEarnings Preview: Microsoft seeks to continue rise despite weak PC sales
Microsoft (MSFT) is scheduled to report Q3 results after the market close on Thursday, April 18, 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, as well as marketing hardware including the Xbox and the Surface tablet. EXPECTATIONS: Analysts are looking for earnings per share of 68c on revenue of $20.56B, according to First Call. The consensus range for EPS is 64c-73c on revenue of $19.57B-$21.65B. LAST QUARTER: Microsoft reported Q2 EPS of 76c against estimates for 75c on revenue of $21.46B against estimates for $21.53B. The company said at that time that it had sold over 60M Windows 8 licenses to date. Microsoft forecast that for Q3 its product revenue would have "low teens" growth, its enterprise services would have "mid-teens" growth and that its multi-year licensing revenue would grow by "low double-digits" in the quarter. RESEARCH: Last week, research firms International Data Corporation and Gartner both estimated that PC sales declined by double-digits in the first three months of the year, with IDC stating sales fell 14% and Gartner pegging the slide at 11% compared to the prior year. The day after those reports, Nomura analyst Rick Sherlund downgraded the software maker to Neutral from Buy, citing sluggish sales of the Windows 8 operating system and Microsoft's lack of "compelling" new hardware products. Sherlund set a $30 price target on the shares, though he added that Microsoft's investment potential remains attractive for value-oriented buyers. The same day, Goldman Sachs downgraded Microsoft to Sell with a $27 price target, also citing the research from IDC. Since then, Bernstein said it expects Microsoft to report stronger than expected Q3 results, citing the potential benefit from corporate upgrades to Windows 7. Bernstein maintains an Outperform rating on the name. PRICE ACTION: In the last three months, Microsoft shares have gained about 5.7%. In afternoon trading ahead of tonight's report, Microsoft is nearly unchanged from yesterday's close at $28.81.
News For MSFT From The Last 14 Days
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December 15, 2014
11:09 EDTMSFTSkype app to enable real-time voice translation, The Verge says
A new app from Microsoft's Skype enables voice calls in English or Spanish to be translated to the other language in real time, according to The Verge. The app will be available as a preview starting today, The Verge added. Reference Link
06:06 EDTMSFTFacebook stops including results from Bing on site, Reuters reports
A Facebook (FB) spokesperson has confirmed that the company has stopped including results from Microsoft’s (MSFT) Bing search engine on its site as it has revamped its own search offerings, Reuters reported on Friday. Facebook recently introduced a tool that allows users to quickly find past comments and other information posted by their friends on the social networking site. The spokesperson comments that "We continue to have a great partnership with Microsoft in lots of different areas." Reference Link
December 12, 2014
10:01 EDTMSFTOn The Fly: Analyst Initiation Summary
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08:24 EDTMSFTMicrosoft price target raised to $57 from $53 at FBR Capital
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06:37 EDTMSFTMicrosoft initiated with an Overweight at Piper Jaffray
Piper Jaffray started shares of Microsoft with an Overweight rating saying the tech giant should benefit from stabilization in the PC market and "healthy" enterprise spending. The firm set a $54 price target for shares. The stock closed yesterday up 27c to $47.17.
December 11, 2014
19:34 EDTMSFTMicrosoft Xbox One outsells Sony PS4, Engadget reports
Microsoft's (MSFT) Xbox One was the best selling console for November, beating Sony's (SNE) PlayStation 4, according to Microsoft, citing data from NPD Group. Prior to November, the PlayStation 4 had been the best selling console for almost a year. According to the NPD data, console sales are up in general, with hardware unit-sales increasing by 3% over last November. Reference Link
16:20 EDTMSFTMicrosoft to now accept bitcoin
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13:26 EDTMSFTMicrosoft to reveal Windows 10 features at January 21 event, Re/code reports
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13:19 EDTMSFTMicrosoft dropped by Ford for in-car sync system, Re/code reports
Ford's (F) Sync 3 in-car entertainment and mapping system will use a version of BlackBerry's (BBRY) QNX operating system, replacing Microsoft (MSFT) technology that had been used in the prior two versions, Re/code reports. The QNX-powered system adds more features, including a capacitive touch screen and the ability to get software updates over Wi-Fi. Ford said in a statement that its "hardware and software decisions were based on identifying the technology that would best meet the expectations for performance by our customers." Reference Link
10:20 EDTMSFTMicrosoft acquires HockeyApp, terms not disclosed
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10:17 EDTMSFTCiti upbeat on Google in face of pending Apple decision on Safari
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08:53 EDTMSFTBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:09 EDTMSFTGoogle shares pricing in loss of Apple search deal, says Citigroup
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December 10, 2014
09:22 EDTMSFTMicrosoft management to meet with Pacific Crest
Meeting to be held on the West Coast on December 12 hosted by Pacific Crest.
09:20 EDTMSFTTyler Technologies signs agreement with Albermarle County Service Authority
Tyler Technologies (TYL) has signed an agreement with the Albemarle County Service Authority to implement Microsoft Dynamics AX, an enterprise resource planning solution with public sector functionality that Tyler Technologies jointly developed with Microsoft (MSFT). The contract includes implementation and related professional services, support, and training.
December 9, 2014
06:27 EDTMSFTSamsung, white-box makers to benefit from Microsoft Mobile exit, DigiTimes says
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December 8, 2014
13:21 EDTMSFTMicrosoft files appeal in case on customer data in Ireland
Microsoft said on its blog that it has filed an appeal in its ongoing case challenging a U.S. government search warrant for customer data stored in Ireland. Microsoft said it filed the appeal after a U.S. district court judge rejected the company’s argument that the warrant is illegal because it calls for the seizure of emails stored outside the United States. Reference Link
12:40 EDTMSFTOn The Fly: Midday Wrap
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10:44 EDTMSFTDigital River grants Microsoft extestion to decide on renewing pact
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10:04 EDTMSFTAccenture and Microsoft launch hybrid cloud platform
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