|Bid||73.3900 x 2800|
|Ask||73.4000 x 1100|
|Day's Range||73.1700 - 74.2900|
|52 Week Range||55.6100 - 74.3000|
|PE Ratio (TTM)||32.38|
|Dividend & Yield||1.56 (2.11%)|
|1y Target Est||N/A|
Yahoo Finance's Jared Blikre and Alexis Christoforous discuss quarterly earnings results from Microsoft.
Yahoo Finance's LIVE stock market coverage and analysis.
Microsoft (MSFT) stock is down 97 cents, or 1.3%, at $73.25, despite what is delight by bulls with the company’s continued cloud computing growth and its free cash flow, as demonstrated in the company’s fiscal Q4 report yesterday and forecast. Weighing in today is Mark Moerdler of Bernstein, who has an Outperform rating on the stock, and who today raises his price target to $87 from $81, pointing to higher spending as the culprit of the share drop. Investors may be worried because the company’s outlook for operating expenses "signaled a return to investment in management's strategy, driven by LinkedIn and the cloud business." "While this changes our thesis slightly, we believe the investments are due to increased opportunity on the top line, which should lead to higher than expected revenue,” he writes.