Page 31 - Intelligent Cloud News Today

Meritage Portfolio Management lowered its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 16.1% in the first quarter, Holdings Channel reports. The firm owned 204,111 shares of the software giant’s stock after selling 39,260 shares during the period. Microsoft accounts for 4.4% of Meritage Portfolio Management’s investment portfolio, making the stock its […]

Benin Management CORP reduced its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.5% during the 1st quarter, HoldingsChannel reports. The firm owned 54,792 shares of the software giant’s stock after selling 281 shares during the quarter. Microsoft comprises about 6.0% of Benin Management CORP’s investment portfolio, making the stock its 3rd biggest position. […]

Microsoft (NASDAQ:MSFT – Get Free Report) had its target price hoisted by research analysts at Royal Bank of Canada from $350.00 to $390.00 in a research report issued on Wednesday, FlyOnTheWall reports. Royal Bank of Canada’s price target indicates a potential upside of 17.92% from the company’s current price. MSFT has been the topic of […]

Microsoft (NASDAQ:MSFT – Get Free Report) had its price target increased by equities research analysts at Wedbush from $375.00 to $400.00 in a note issued to investors on Wednesday, FlyOnTheWall reports. Wedbush’s price target would suggest a potential upside of 20.95% from the company’s current price. Wedbush also issued estimates for Microsoft’s Q1 2024 earnings […]

Tech giants Microsoft and Google report strong Q2 earnings, driven by AI innovations in their cloud businesses. AWS also invests heavily in AI.

Earlier this week, Microsoft (Nasdaq: MSFT) announced its fourth quarter results that continued to outpace market expectations. But a weak outlook failed to impress the market, and the stock fell 3% in the after-hours trading session. Microsoft's Financials Microsoft's revenues grew 10% to $56.2 billion, significantly ahead of the market's forecast of $55.47 billion. It ended the quarter with a net income of $20.1 billion, or $2.69 per share, which was also ahead of the Street&#03...

Operator: Greetings, and welcome to the Microsoft Fiscal Year 2023 Fourth Quarter Earnings Conference Call. [Operator Instructions].

Microsoft (NASDAQ:MSFT – Get Free Report) issued its quarterly earnings data on Tuesday. The software giant reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14, Briefing.com reports. The company had revenue of $56.19 billion for the quarter, compared to analysts’ expectations of $55.49 billion. Microsoft had a return on equity […]

Microsoft (NASDAQ:MSFT – Get Free Report) had its price target lowered by research analysts at Citigroup from $425.00 to $420.00 in a research report issued to clients and investors on Wednesday, FlyOnTheWall reports. Citigroup’s price objective points to a potential upside of 24.34% from the stock’s previous close. Several other research analysts also recently commented […]

Creative Capital Management Investments LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 14.2% in the 1st quarter, Holdings Channel reports. The fund owned 3,981 shares of the software giant’s stock after buying an additional 494 shares during the period. Microsoft makes up 0.8% of Creative Capital Management Investments LLC’s […]