pennystocksupdate.biz issues special report on current market situation - Microsoft Corporation (NASDAQ:MSFT)
New York, NY -- (SBWIRE) -- 10/25/2013 -- Shares of Microsoft Corporation (NASDAQ:MSFT) soared more than 7% Friday morning as skeptical analysts and investors express surprise at the tech veteran’s big fiscal first-quarter earnings beat.
The rally left Microsoft as the strongest performer on the Dow Industrials and lifted its full-year rally beyond 35%.
Microsoft enjoyed a strong knee-jerk reaction to the stronger-than-expected results, but Wall Street had set the bar relatively low and maintains a cautious stance on the stock.
According to FactSet, just 29% of analysts have a buy-equivalent rating on Microsoft, compared with an average of almost 49% for the S&P 500.
Shares of Microsoft are trading at $35.78 and is +10.87% from its 50-day Moving Average price of $32.2711 and +11.68% from its 200-day Moving Average price of $32.0391. The average trading volume is 52674600 shares and its market capitalization is $298.0B.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company operates in five segments: Windows & Windows Live Division (Windows Division), Server and Tools, Online Services Division (OSD), Microsoft Business Division (MBD), and Entertainment and Devices Division (EDD). The Company’s products include operating systems for personal computers (PCs), servers, phones, and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games, and online advertising.
Can MSFT Extend Gain? If Yes, How Far It Can Go? Find Out Here
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