138.52 0.00 (0.00%)
Pre-Market: 8:40AM EDT
|Bid||140.22 x 1300|
|Ask||140.05 x 1000|
|Day's Range||136.53 - 138.67|
|52 Week Range||93.96 - 141.68|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||27.38|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||1.84 (1.33%)|
|1y Target Est||154.71|
Microsoft (MSFT) stock rose 1.19% in extended trading yesterday after the tech giant announced a new share buyback program and dividend increase.
Target and Microsoft stock were early leaders and Herman Miller set up for a breakout, while holding above 27,000 was the target for the Dow Jones today.
Dow futures: The stock market rally held up after a Fed rate cut and Fed chief Jerome Powell's comments. Apple is a buy again. Microsoft rose late on a buyback. Will AT&T; sell DirecTV?
India's Eros Now said on Thursday it is tying up with Microsoft's Azure cloud platform to host and stream its digital video offerings, in a boost to the U.S. software giant's push to expand in the Indian market. As part of the tie-up, Microsoft will build an online video platform for the Bollywood production house, which will offer interactive voice search features in multiple Indian regional languages. This is one of Microsoft's first forays into India's crowded digital video space, so far dominated by market leader Amazon Web Services (AWS) that is used by players such as Walt Disney-backed portal Hotstar and Indian movie and video streaming platform ALTBalaji, among others.
Investing.com -- Central banks around the world make different responses to the Federal Reserve's rate cut, U.S. stocks are set for a lower opening, and some fresh saber-rattling pushes oil prices back up. Here's what you need to know in financial markets on Thursday, 19th September.
Investing.com - U.S. futures fell on Thursday, after the Federal Reserve damped hopes for any further monetary easing on top of Wednesday's rate cut, the second in as many months.
Microsoft gains after saying it would set aside $40 billion to buy back its own stock, and also raise its quarterly dividend by 5 cents a share.
Big Tech is facing the prospect of broad sectoral regulation that goes well beyond the narrow antitrust focus that has defined government interest in the industry in recent decades, according to Brad Smith, Microsoft’s president and top lawyer. Speaking in an interview this week, Mr Smith, who joined Microsoft in 1993, predicted a return to a period when government set broad rules governing how particular industry sectors operate, rather than focusing on individual cases of economic harm caused by monopolists. The shift reflects the wide range of concerns stirred up by today’s leading consumer tech companies, including privacy and the mass collection of data.
Should investors consider buying Micron (MU) stock with the chipmaker set to report its quarterly financial results on Thursday, September 26?
The Redmond tech giant will take over all 8,200 square feet on the fourth floor and could house about 400 employees in the space.
The Dow Jones Industrial Average Index rose 36.28 points for a 0.13% increase today. The S&P; 500 Index gained 0.07% while tech ETFs mirrored that increase.
(Bloomberg) -- Microsoft Corp., the world’s largest software maker, said it will repurchase as much as $40 billion of shares in a new buyback program and boosted its quarterly dividend by 5 cents to 51 cents a share.The repurchase authorization has no expiration date, and may be terminated at any time, Redmond, Washington-based Microsoft said Wednesday in a statement. The company’s stock has risen 36% so far this year and its market capitalization remains at more than $1 trillion. Its previous buyback plan, unveiled in September 2016, was also for $40 billion.Flush with cash and an infrequent acquirer of large technology companies, Microsoft has been a massive buyer of its own shares since the early 2000s and generally has an active $40 billion buyback plan that gets replaced once expended. The company also introduced a dividend in 2003 and has boosted it steadily since then. The company had $133.8 billion in cash and short-term investments as of June 30.Under Chief Executive Officer Satya Nadella, Microsoft has seen its shares skyrocket and revenue growth return. The company is increasing cloud contracts for products like Office 365 and Azure, while its older and more profitable Windows business has found stability with customers moving to newer versions ahead of the expiration of older ones.(Updates with company cash holdings in the third paragraph)To contact the reporter on this story: Dina Bass in Seattle at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Microsoft Corp said on Wednesday its board had approved a new share repurchase program of up to $40 billion and raised its quarterly dividend. Microsoft, which said it would hold its annual shareholders meeting on Dec. 4, also declared a quarterly dividend of 51 cents per share, 11% higher than the preceding quarter. The repurchase program, which has no expiration date, may be terminated at any time.
Microsoft Corp. shares rose in the extended session Wednesday after the tech giant's board approved a dividend hike and billions in new share repurchases. Microsoft shares rose 1.1% after hours, following a 0.8% gain to close the regular session at $138.52. The company said its board increased the quarterly dividend by 11% to 51 cents a share, which is payable to shareholders as of Nov. 21 on Dec. 12. Microsoft also said its board approved up to $40 billion in share buyback authority, which has no timeline or expiration date. Additionally, the company scheduled its annual shareholder meeting for Dec. 4.
We searched, using our Zacks Stock Screener, for large-cap dividend stocks investors might want to buy after the U.S. Federal Reserve cut interest rates for the second time...
Microsoft, which said it would hold its annual shareholders meeting on Dec. 4, also declared a quarterly dividend of 51 cents per share, 11% higher than the preceding quarter. The repurchase programme, which has no expiration date, may be terminated at any time.
REDMOND, Wash., Sept. 18, 2019 /PRNewswire/ -- Microsoft Corp. on Wednesday announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. The board of directors also approved a new share repurchase program authorizing up to $40 billion in share repurchases.
Enterprise software has been one of the most notable bright spots in the tech world. Just look at some of the recent IPOs which have soared in value from companies like Zoom Video Communications (NASDAQ:ZM) and Elastic (NYSE:ESTC) But even mature firms, like Microsoft (NASDAQ:MSFT) and Adobe (NASDAQ:ADBE), have rejuvenated their businesses.Source: JHVEPhoto / Shutterstock.com And then there is IBM (NYSE:IBM). The company whiffed on the cloud. It also whiffed on mobile. And even in AI (artificial intelligence) - in which IBM has invested for a long time - the results have been mixed.The irony is that IBM should have been a huge beneficiary of these trends. It has a trusted brand, a global footprint (it has 60 datacenters across the world) and a massive customer base. But unfortunately, the company did not adapt quickly enough.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars The Good News for IBM StockDespite all its problems, IBM is still healthy from a financial standpoint, as it continues to generate substantial cash flows. The company also has incredibly talented employees.More importantly for IBM stock, the company has made critical moves to restructure its operations. Specifically, it has eliminated jobs and unloaded non-core assets, while also retooling its software to keep up with the competition.But I think the most consequential point is that the company has been willing to make big bets, as shown by its $34 billion mega-acquisition of Red Hat.True, there is a good deal of irony in this deal. When Linux and other open-source software platforms emerged in the 1990s, IBM's reaction was to fight back - and hard.But it was a losing battle. Open-source software has become a critical part of companies' arsenals. So with the Red Hat deal, IBM has become the leader of the space.There are clear benefits to open-source software. Specifically, adoption of it can be rapid because the technology is free and it's continuously being updated by developers.Red Hat has been able to leverage its technology to create an extensive platform that enables a hybrid cloud environment. Because of security, privacy and regulatory concerns, larger companies need to combine different, i.e. hybrid, options when it comes to the cloud. For example, they can utilize a mix of private and public clouds. Among the companies that provide public cloud infrastructure are Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and MSFT. As a result of this need for flexibility, the flexibility of the open-source model, for the most part, has proven to be spot-on.As part of IBM, Red Hat will benefit from the tech giant's tremendous distribution capabilities. What's more, the cloud opportunity is still massive. IBM believes that the typical enterprise has only transitioned 20% of its data to the cloud.Here's what the Senior Vice President and Chief Analyst of research firm IDC , Frank Gens, said about the acquisition of Red Hat: "As organizations seek to increase their pace of innovation to stay competitive, they are looking to open source and a distributed cloud environment to enable a new wave of digital innovation that wasn't possible before. Over the next five years, IDC expects enterprises to invest heavily in their journeys to the cloud, and innovation on it. A large and increasing portion of this investment will be on open hybrid and multicloud environments that enable them to move apps, data and workloads across different environments."In other words, the deal has the potential to generate growth for IBM and should help make Big Blue a major player in cloud computing. That should definitely be positive for IBM stock. The Bottom Line On International Business Machines StockI can understand why there is lots of skepticism regarding the bull case on IBM stock. Consider that, over the past five years, IBM stock price has fallen 2%.But I think the Red Hat deal will be a game changer that will get IBM stock back on track. In fact, investors are already more upbeat on the shares, as IBM stock price has jumped 25% this year.There will likely be bumps in the road for IBM stock, as acquisitions are never easy. But with the dividend yield at 4.56% - one of the highest in the tech world - and the forward price-earnings ratio standing at only 10.5, IBM does look interesting.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post IBM Stock: It's All About Red Hat appeared first on InvestorPlace.
Editor's Note: This article was updated to correct some information about Xilinx.For several years, the basic narrative behind the semiconductor space went something like this: Intel (NASDAQ:INTC) provided the premium-end processors, and Advanced Micro Devices (NASDAQ:AMD) was the poor man's Intel. Look at the charts, though, and you'll see that this narrative has changed. AMD has skyrocketed to low-earth orbit, while INTC stock has floundered.Source: JHVEPhoto / Shutterstock.com What has bothered Intel's management team the most, however, was AMD's production acumen. No longer content on dominating the lower-tier processor categories, the smaller semiconductor firm began flexing its muscle. As I mentioned a few months back, AMD stole the show at the 2019 Computex industry conference. With high-level processors designed to compete and steal market share from INTC, Intel stock looked incredibly vulnerable.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, we're starting to see signs that the tide might turn back to Intel's favor. Recently, the company has made substantial progress with its Agilex field-programmable gate arrays, or FPGAs. These are modular chips capable of easy configurations to fit multiple functionalities. As such, FPGAs are incredibly valuable to companies advancing 5G network technologies. That offers synergistic opportunities that can bolster INTC stock.Additionally, Intel claims that the Agilex FPGAs can either impart more performance or less power consumption than its predecessor FPGAs. The company claims that the Agilex is also useful for data centers, which I don't doubt. As a study from Berkeley Economic Review pointed out, Intel has a strong reputation for producing reliable chips. * 10 Recession-Resistant Services Stocks to Buy Best of all, the semiconductor giant snagged Microsoft (NASDAQ:MSFT) as an FPGA client. Naturally, this is a massive development for Intel stock. However, investors remain leery about the equity's choppy manners: can they trust INTC? Comparisons Benefit INTC StockMy answer to the above question is yes. However, it's a nuanced affirmation.Obviously, one of the big challenges with the semiconductor industry is the U.S.-China trade war. If it keeps dragging, as some economists suggest, that may cap growth in the sector. Moreover, I'm eyeballing the economic turmoil in Germany and Europe overall. Combined, these headwinds could devastate consumer demand.That's the bad news for Intel stock. The good news is that the U.S. is locked in a technological race with its adversaries. Now more than ever, we need our big tech firms to innovate. Part of the enthusiasm over the Agilex FPGAs is our collective progress in the space. Additionally, Intel has significantly narrowed the production and distribution gap with rival Xilinx (NASDAQ:XLNX), which leads the sector. Naturally, this benefits INTC stock longer term.Therefore, if you believe that certain semiconductors will perform well even against economic headwinds, you should consider Intel stock. Because compared to its rival AMD, INTC at this juncture may have the better outlook.Yes, I'll concede that AMD has better sex appeal because of their flashy new processors. Also, AMD CEO Dr. Lisa Su engineered one of the most remarkable comebacks in business.At the same time, this is also a "what have you done for me lately" business. And right now, some evidence indicates that AMD may have pushed their products too quickly without proper quality control. In the nearer term, that might not matter much. But over the long haul, it could worry clients.Let's face it: in a recession, you want every dollar to count. Therefore, when organizations invest in data centers, for instance, they want consistent, reliable performance. In that department, Intel has the proven history, bolstering the argument for INTC stock. Technical Comparison Also Supports Intel StockMoreover, if we suffer a recession, I believe the technical argument also supports INTC stock. For one thing, AMD has ripped out another strong year so far, gaining 71% year-to-date. On the other hand, Intel is quite the laggard relatively speaking, up less than 16%. * 7 Stocks the Insiders Are Buying on Sale However, this also helps Intel's case, especially if the markets get choppy. AMD has enjoyed speculative fervor, and for good reason. But Advanced Micro is unlikely to continue generating the kind of exciting news to take shares to even higher plateaus.In contrast, Intel shares have been stuck in sideways trading for most of the trailing two-year period. After so much terrible news, shares may experience an upswing. Also, don't forget that Intel pays you a dividend, giving you some incentive to hold.As I said before, the semiconductor space has risks. But if you're searching in this area, I'd rather go for the beaten-up name with an exciting product pipeline rather than one that has already enjoyed the red-carpet treatment many times over.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Why Intel Stock Is the Best Semiconductor Name to Buy Now appeared first on InvestorPlace.
In early May 2019, cloud computing and virtualization software giant VMware (NYSE:VMW) looked unstoppable. VMware was riding high on big-time partnerships with cloud platform giants Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT), the numbers looked great and VMW stock was soaring towards fresh all-time highs around $200.Source: Sundry Photography / Shutterstock.com But, as seasoned investors know, when stocks look unstoppable -- well, that's when they are most likely to be stopped.VMware stock has been no exception. In May 2019, VMW stock touched an all-time high of $206. Ever since, shares have shed more than 25%. The culprit behind the selloff? VMware has gone on an aggressive buying spree, and investors aren't sure if all of these acquisitions will pay off in the long run. Organic revenue growth has also slowed over the past few months. Profit margins have started moving in the opposite direction.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPut all that together against a stretched valuation backdrop -- VMW stock was trading at a multi-year high, 30-times forward earnings multiple in May -- and it's no wonder that the VMware stock price has come crashing down over the past few months.What's next? I'd say some choppy trading. Technically and optically, it looks like the worst of the selloff is over. But, fundamentally, near- to medium-term upside in shares is not compelling.As such, I'm choosing to watch this one from the sidelines. Neither the bull nor the bear theses look all that good here. Technicals and Optics Look GoodThe technicals and optics for VMware stock look good, and both support the notion that the worst of this recent selloff is over.From a technical perspective, you have a stock that was severely beaten up. But, shares have shown strength over the past few weeks. They are up nearly 20% from their late August lows, and the stock is getting awfully close to crossing above its 50-day moving average in a convincing manner. If the stock does retake this trend line, then the technicals will signal that a bottom in this selloff has been put in. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars On the optics side, broader market sentiment has improved meaningfully over the past several years. With respect to VMW stock specifically, trade tensions have cooled and global economic activity has picked up. Both of these things have brought investors back into large-cap cloud stocks with global exposure, because there is a feeling out there that the global semiconductor market -- which has been retreating for the entire year -- is about to turn higher.In the big picture, then, the technicals and optics here support the bull thesis for VMW stock. Valuation Risks Remain for VMware StockThe problem here is that the fundamentals do not support the bull thesis for VMW stock.Here's the VMware story in a nutshell. Several years back, the company pioneered x86 server virtualization. It was a huge hit. Companies started to realize that virtualization was a scalable way to perform IT workloads at significantly reduced costs. And when they started to employ server virtualization, they overwhelmingly did so with VMware. But, come 2016-17, the server virtualization market had pretty much dried up. That is, enterprise data-center virtualization levels were nearing 100%.Growth at VMware dried up, too. Once a steady 15%-plus revenue growth company, VMware slipped to a 7% revenue growth rate in fiscal 2017. VMware responded by leveraging multiple acquisitions across many different verticals to transform into a multi-cloud infrastructure company focused on software-defined data centers, hyper-converged infrastructures and security.Growth came back into the picture. Throughout fiscal 2019 and 2020, revenue growth rates have been north of 10%. But, here's the catch -- revenue growth is just 12%, and slowing, with analysts modeling for sub-12% revenue growth this year and sub-10% revenue growth next year.Thus, while growth has come back into the picture, VMware is still just a roughly 10% revenue growth company. That's not very big. Worse yet, gross margins are actually maxing out because the higher-margin licensing business is slowing while the lower-margin services business isn't slowing. Operating expense rates aren't dropping much because VMware is having to spend a bunch to sustain double-digit revenue growth in new competitive markets. Operating margins have actually retreated in FY20.VMware is growing again, but not by that much. The stock trades at over 20-times forward earnings. That's a big growth multiple. This is a low growth company. That's not a great combination. Bottom Line on VMW StockThere may not be much pain ahead for VMW stock. But there won't be much gain, either. This is a low growth company trading at a big growth valuation. That combination most normally results in choppy trade, meaning VMW stock going forward is in a "buy the dip, sell the rally" situation.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Beware Valuation Risks on VMware Stock appeared first on InvestorPlace.
Investing.com - Stocks recovered most of their losses by the end of trading Wednesday, erasing an afternoon selloff after the Federal Reserve cut its key interest rate for the second time in two meetings.