137.03 -0.05 (-0.04%)
After hours: 7:57PM EDT
|Bid||136.95 x 1300|
|Ask||137.03 x 2200|
|Day's Range||136.52 - 139.05|
|52 Week Range||93.96 - 139.54|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||30.46|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||1.84 (1.32%)|
|1y Target Est||146.69|
Today's top take is the age old discussion of chat vs email. A number of analysts are out with notes on Slack, post direct listing, and one in particular is Credit Suisse's note. A main takeaway is the trend in people's time spent on email versus messaging services like Slack. Yahoo Finance's Myles Udland, Melody Hahm, and Heidi Chung discuss.
Ifthat name sounds familiar to you, it's most likely because you remember herfrom her 25 years at Microsoft
Xbox today announced the Xbox One X NBA® 2K20 Special Edition bundle, offering fans the best value in games and entertainment alongside the opportunity to experience the series that’s creating what’s next in basketball culture. The special bundle features the newest Los Angeles Lakers and NBA® 2K20 cover star, Anthony Davis, who appeared today at the Microsoft Lounge to unveil a larger-than-life-size Microsoft Xbox One X with custom artwork. At the event, Davis went head-to-head with popular NBA 2K insider, Ronnie 2K, in an NBA 2K19 showdown on Xbox One X. Davis showed off his moves in true 4K on the world’s most powerful console.
A former Microsoft worker has been charged in what investigators describe as a scheme to steal $10 million in digital currency.
MSFT stock has soared 35% in 2019. So, with the tech firm set to release its Q4 fiscal 2019 financial results on Thursday, let's see what to expect from its top and bottom lines and key business units such as Intelligent Cloud.
(Bloomberg) -- U.S. technology giants are headed for their biggest antitrust showdown with Congress in 20 years as lawmakers and regulators demand to know whether companies like Alphabet Inc.’s Google and Facebook Inc. use their dominance to squelch innovation. The House Judiciary antitrust subcommittee is holding a hearing Tuesday on the market power of the largest tech companies. Executives from Apple Inc., Amazon.com Inc., Google and Facebook are testifying. Here’s the latest from the committee room:Facebook Denies Its Integration Plan Designed to Thwart Breakup (5:37 p.m.)Facebook’s Matt Perault denied that the company’s planned integration of its Messenger app, its WhatsApp chat service and its Instagram photo app was designed to thwart calls to break up the properties.“There are many services in the market that offer more privacy-protective services,” he told Democratic Representative Jamie Raskin of Maryland. “Our pivot toward privacy with respect to inter-operating our services was because of the competition that we faced in the market.”Raskin had suggested the announcement was a “ploy” and said it coincided with growing calls to break up Facebook by splitting off WhatsApp and Instagram.Democrat David Cicilline, who chairs the panel, also asked Amazon lawyer Nate Sutton about reports that the fees merchants must pay have been increasing in recent years.“Aren’t these steady fee hikes by Amazon a pure exercise of its outsize buyer power?” Cicilline asked.Sutton said that the estimates weren’t accurate.“The fees that are necessary to be paid in our store to sell items have actually been steady for a number of years and slightly declining,” Sutton told Cicilline.Heated Exchange Over Amazon’s Third-Party Sellers (4:32 p.m.)Democrat David Cicilline of Rhode Island, who is chairing the hearing, pressed Amazon on whether its business model suffers from a conflict of interest because it sells its own products that compete directly against those from third-party sellers. That is a complaint also raised by Democratic presidential candidate Elizabeth Warren.“You are selling your own products on a platform you control and they’re competing with products from other sellers,” Cicilline said.Amazon lawyer Nate Sutton said it’s common in retail for stores to sell their own brands that compete against others.Cicilline fired back: “The difference is Amazon is a trillion-dollar company that runs an online platform with real-time data on millions of purchases and billions of commerce and can manipulate algorithms on its platform and favor its own product -- that is not the same as a local retailer,” he said.Cicilline repeatedly pressed Sutton about whether the company uses data on the third-party sellers to advantage its own products. Sutton said Amazon ranks results by the same criteria and doesn’t use data to compete against sellers.“You do collect enormous data,” Cicilline said. “You’re saying you don’t use that in any way to promote Amazon products, and I remind you sir, you’re under oath.”Cicilline says companies have de facto ‘immunity’ (3:38 p.m.)Cicilline slammed the dominance of the tech companies, saying they are shielded from competitive threats because of barriers to rivals that could potentially take them on. They also use their resources to prevent startups from challenging them and pose a risk to small businesses, he said.Cicilline said the dominance of tech companies stems from policy choices. Antitrust enforcers haven’t challenged a single one of their acquisitions or sued them for anticompetitive conduct like they did with Microsoft Corp. 20 years ago, he said.“Congress and antitrust enforcers allowed these firms to regulate themselves with little oversight,” Cicilline said in his opening remarks. “As a result, the internet has become increasingly concentrated, less open, and growingly hostile to innovation and entrepreneurship.”“Together, these enforcement decisions have created a de facto immunity for online platforms,” Cicilline added.Companies argue they face widespread competition (2:56 p.m.)The four tech giants tried to head off criticism that they dominate their respective markets, as executives in prepared testimony all cited intense competition they say they face from rivals.Nate Sutton, a lawyer for Amazon, which controls about half of U.S. e-commerce sales, told the House antitrust panel that the company makes up just 4% of U.S. retail sales, with competition from Walmart Inc. and Kroger Co.Facebook’s Director of Public Policy Matt Perault pointed to competition from Apple, Amazon and Google, among others, in his remarks.The companies also touted their development of innovative products that have won over consumers and their investment in research and development. Google’s director of economic policy, Adam Cohen, said the company spent $21.4 billion on R&D, three times more than in 2013.The hearing, led by Cicilline, started at about 3 p.m. Dozens of people were waiting in line to get into the hearing room.Here’s What Tech Faces in Washington:The hearing is one of a several that big tech companies face this week in Congress as Washington calls the giants to task for a range of concerns. President Donald Trump is pressuring the companies in Twitter barrages for issues including anti-conservative bias, while the Justice Department and the Federal Trade Commission have taken the first steps toward investigating their conduct. The Justice Department is taking responsibility for scrutiny of Google and Apple, as the FTC oversees Facebook and Amazon.Also on Tuesday, David Marcus, who leads Facebook’s Libra and block chain efforts, heard from disdainful Democrats at a Senate Banking Committee hearing on the company’s proposed cryptocurrency.Trump said Tuesday morning that his administration will look into allegations by billionaire Peter Thiel that Google’s work with China is “seemingly treasonous.”Trump has also said he wants gather tech executives at the White House.Google’s global public policy chief is scheduled to testify Tuesday before a Senate hearing focused on allegations the company engages in censorship.More on tech and antitrust: Did Big Tech Get Too Big? U.S. Joins Europe in Asking: QuickTakeTo contact the reporters on this story: David McLaughlin in Washington at firstname.lastname@example.org;Ben Brody in Washington at email@example.comTo contact the editors responsible for this story: Sara Forden at firstname.lastname@example.org, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Meredith Whittaker, who helped lead employee protests at Google over the search giant’s military work, artificial intelligence and policies, is leaving the company.In a blog, she warned that the internet giant’s AI software and huge computing resources are helping it expand in unsettling ways."Google, in the conventional pursuit of quarterly earnings, is gaining significant and largely unchecked power to impact our world (including in profoundly dangerous ways, such as accelerating the extraction of fossil fuels and the deployment of surveillance technology)," she wrote in a blog on Tuesday. "How this vast power is used — who benefits and who bears the risk — is one of the most urgent social and political (and yes, technical) questions of our time."Whittaker helped spark a broader uprising among workers at some of the world’s largest technology companies, including Alphabet Inc.’s Google, Microsoft Corp. and Amazon.com Inc. They are concerned these corporations are gaining too much power through AI-powered, machine-based decision making that has flaws and little or no accountability.Over the past year, some staff at Google erupted in protest, prompting the company to drop a Pentagon AI contract and a censored search project in China. Whittaker, who led Google’s Open Research group, was one of the most outspoken voices. She was one of six women who organized massive walkouts after reports that Google paid handsome sums to executives accused of sexual harassment.Other Google protesters were saddened by Whittaker’s resignation, but hopeful that their attempts to hold large tech companies accountable will continue."Our movement has moved into a new phase," said Irene Knapp, a senior software engineer at Google. "Those of us who remain at the company have been focused on disseminating knowledge and teaching our organizing skills to new people. I am sure that Meredith would not be leaving if she didn’t know that she’s accomplished that, and I know that I very much feel she has. We’re set up for the long haul."While at Google, Whittaker also served with AI Now, a research institute at New York University that she co-founded. The group often criticizes businesses and government agencies for using AI systems, like facial recognition, in policing and surveillance. Whittaker also publicly denounced some Google decisions, including the appointment of Kay Coles James, a conservative think tank leader, to an AI ethics board. Google soon nixed the board."People in the AI field who know the limitations of this tech, and the shaky foundation on which these grand claims are perched, need to speak up, loudly. The consequences of this kind of BS marketing are deadly (if profitable for a few)," Whittaker wrote on Twitter on Sunday.In April, about six months after the big employee walkout, Whittaker and another protest leader, Claire Stapleton, said the company was retaliating against them for their role in the activity. In an email to colleagues, Whittaker said her Google manager told her to "abandon [her] work on AI ethics" and blocked a request to transfer internally. At the time, Google denied it retaliated against Whittaker.To contact the reporters on this story: Mark Bergen in San Francisco at email@example.com;Joshua Brustein in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shares in Slack Technologies have cooled off since its initial public offering in June. Slack stock continues to win buy ratings, amid competition with Microsoft's Team collaboration software.
With some marquee earnings reports out today, it would have been reasonable to expect some more action out of the major U.S. equity benchmarks. By the time the closing bell sounded, though, Tuesday had all the appearances of just another boring summertime trading day.Source: Shutterstock The Nasdaq Composite fell 0.43% while the S&P 500 gave up 0.34%. The Dow Jones Industrial Average was mostly flat, settling down 0.09%.Arguably adding to the disappointment that was Tuesday's broader market action was that there was some encouraging economic data out earlier in the day. Retail sales rose for a fourth consecutive month in June, indicating that one of the primary drivers of the U.S. economy, the consumer, remains sturdy. And that data point does not even include Amazon's (NASDAQ:AMZN) Prime Day, which shattered records.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Prime Day spanned into today and some analysts forecast $5 billion or more in sales for Amazon, easily topping 2018's Prime Day haul of $3.2 billion. Bottom line: the consumer is in good health and that should be meaningful for riskier assets going forward.Now let's get into some of those earnings reports. Boffo BanksDow component JPMorgan Chase (NYSE:JPM), the largest U.S. bank, was one of the blue-chip index's standouts Tuesday, gaining 1.06%, after the company said it earned $2.59 a share on revenue of $29.57 billion. Analysts were expecting earnings of $2.51 per share and revenue of $28.9 billion.As was noted here yesterday, net interest margins could become problematic for banks if interest rates decline. To that end, JPMorgan pared its 2019 net interest margin guidance to $57.5 billion from $58 billion.Goldman Sachs (NYSE:GS) was another Dow leader today, adding 1.87% after the investment bank said it earned $5.81 a share on revenue of $9.46 billion. Analysts expected earnings of $4.89 per share on revenue of $8.83 billion."Institutional client revenue, which includes trading, slipped 3%, while investment banking revenue was down 9%. However, revenue from the bank's investing and lending business rose 16%, its highest quarterly performance in eight years," according to Reuters. A Beat, but DisappointmentPharmaceuticals giant Johnson & Johnson (NYSE:JNJ) slipped 1.64% despite delivering an upbeat second-quarter report. The healthcare company said it earned $2.58 per share on sales of $20.56 billion. Wall Street expected a profit of $2.46 per share on sales of $20.29 billion.More importantly, JNJ boosted its 2019 sales forecast, excluding currency movement, to $82.4 billion to $83.2 billion, from an original range of $82 billion to $82.8 billion and the stock still declined. Credit Suisse resumed coverage of JNJ today with a $156 price target, implying significant upside from current levels. Quick AsideOnce again, Dow Inc (NYSE:DOW) was one of the Dow's best performers today, surging 2.73%. The stock has been on a torrid pace as of late. Investors considering the chemical maker may want to go here to mull over some of the bullish catalysts for the name. Bottom LineToday's earnings reports were mostly solid. It's certainly hard to quibble with JNJ raising revenue guidance, but plenty of tests remain this week and trade is clearly still an issue. President Donald Trump confirmed as much, noting the U.S. and China still have a long way to go on trade.Thursday is potentially significant day on the earnings front with Microsoft (NASDAQ:MSFT) and UnitedHealth (NYSE:UNH) among the Dow components reporting. Investors looking for a particular factor to watch should consider profit margins, regardless of company or sector."Many investors and analysts say a potential decline in profit margins--a measurement of how much a company's sales exceed its costs--is more worrisome than contracting earnings in the second quarter," according to the Wall Street Journal.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Dow Jones Today: Earnings Disappointments appeared first on InvestorPlace.
The software giant's Azure, Office and Windows growth rates are worth watching, as is any commentary it shares about its fiscal 2020 outlook.
A wave of quarterly reports from Netflix and other top-tier, high-growth companies starting on Wednesday will test Wall Street's willingness to extend a recent really driven by expectations of lower interest rates. Facebook, Amazon and Google-owner Alphabet , all part of the so-called FANG group of widely held stocks, have jumped over 5% so far in July, with investors increasingly willing to bet on the volatile names thanks to expectations the Federal Reserve will cut rates later this month by as much as half a percentage point to support economic growth. The FANG companies, combined with investor favorites Apple and Microsoft, account for about 17% of the S&P 500's $26 trillion market capitalization, making reaction to their quarterly results key to Wall Street sentiment.
Microsoft (NASDAQ:MSFT) reports its Q4 earnings on July 18, and expectations are high. Its market cap of $1.06 trillion makes Microsoft the most valuable publicly traded U.S. company, and MSFT stock has been up 37% this year. Microsoft stock closed at an all-time high of $138.90 on Friday, repeating that performance on Monday -- after breaking $139 early in the day. Despite the record highs, many analysts think there is still room for growth, with some now calling for MSFT to hit $150. Here's what has investors excited about Microsoft.Source: Shutterstock MSFT Stock Continues Its Meteoric ClimbFor much of 2019, Microsoft news has been largely focused on the company's rise in value. Not that long ago, MSFT was dismissed as a tech dinosaur that completely bumbled the smartphone -- the most important device in the past decade, and the product that drove Apple's (NASDAQ:AAPL) rise to the top. The PC market has been on a long, slow slide and with it goes Microsoft's Windows and Office revenue, along with MSFT stock. At least that was the thinking…However, that hasn't been quite the way things have played out. 2019 has seen Microsoft stock continue its relentless growth. In April, the company's market cap hit $1 trillion for the first time ever, and with yet another all-time high close of $138.90 MSFT is currently worth $1.06 trillion. At the moment, it's the only American company in that lofty trillion dollar club, with Apple currently worth $944.19 billion and Amazon (NASDAQ:AMZN) at $995 billion.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Many investors remain bullish on MSFT, despite its record high valuation. In fact on Thursday, Cowen gave Microsoft an outperform rating and set a price target of $150 for Microsoft stock. Bets on the Cloud and Professional Networking are Paying OffOne of the keys to Cowen's bullish outlook on MSFT is the company's investments in cloud computing. Microsoft's Azure cloud service posted 93% revenue growth in Q3, and the company has been steadily gaining market share in the cloud computing market. According to numbers from Canalys, MSFT Azure's global market share hit 16.5% in Q4 2018. Amazon Web Services continues to be the undisputed leader with a 32.3% share, but Azure's rate of growth is significantly higher at 75.9% for 2018 compared to 46.3% for AWS.That Azure investment doesn't just mean revenue for Microsoft, it also makes initiatives like the company's new gaming cloud division possible. That technology will see MSFT's xCloud streaming game service launch this fall.Analysts also see revenue growth potential in Microsoft's ownership of professional networking site LinkedIn. That division saw 27% revenue growth in Q3. And Teams -- Microsoft's answer to Slack (NYSE:WORK) team collaboration software -- overtook Slack in July, with over 13 million daily users. Gaming and Surface Continues to Grow, While Windows Keeps ChuggingWindows and Office seemed to be well past their best-before dates with the decline of PC sales. However, the computer market is still far from dead and the company is able to sell Windows licenses for legacy machines as well as new models hitting the market, and that resulted in Windows OEM revenue being up 9% in Q3. Pushing a subscription model for Office has also paid off, with Office commercial and consumer revenue both showing healthy growth.Microsoft's investment in Surface hardware has also helped to boost MSFT stock, with Q3 revenue growth of 21%. The company's gaming revenue has also been up this year, despite a relatively poor showing for the Xbox One compared to competing game consoles in this generation. With the xCloud streaming gaming service expected later this year, and the new Xbox Project Scarlett game console due to launch in 2020, that gaming division should see revenue growth ramp up considerably. * 8 Penny Stocks That Have Fallen From Grace We'll see in two days whether Microsoft has been able to maintain the momentum it's showed so far this year. If those Q4 results are as good as expected, Microsoft stock could very well be on the path to Cowen's $150.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Heading Into Q4 Earnings at All-Time Highs, Microsoft Stock Still Has Incredible Upside appeared first on InvestorPlace.
DXC Technology's (DXC) professionals and Microsoft's engineers will jointly develop the global Microsoft Azure Digital Transformation Practice to facilitate clients' conversion to Azure public cloud.
Growth of Microsoft Corp.’s cloud service Azure will be key in determining whether the software giant maintains its leading trillion-dollar market cap after its earnings report.
Several Wall Street analysts this week have initiated coverage of Slack Technologies Inc (NYSE: WORK ) following the expiration of the company’s IPO quiet period. The Analyst Credit Suisse analyst Brad ...
The communication landscape is changing. Yahoo Finance's Zack Guzman & Heidi Chung discuss with Okta Co-Founder & COO Frederic Kerrest.