Ethereum
$ 1,196.88 0.87%
Solana
$ 40.49 0.97%
Dogecoin
$ 0.066477 0.63%
ApeCoin
$ 4.39 2.38%
Bitcoin
$ 21,139.00 0.64%
BNB
$ 234.38 1.93%

Microsoft MSFT stock prices are smashing just as expected

microsoft stock prices rising

Microsoft MSFT stock prices are smashing on the charts just as expected. Experts are adjusting their predictions for the stock price for Microsoft as the tech giant boosts its earnings. The official quarterly earnings report will be published tomorrow July 18th.

Wall Street analyst Christopher Eberle increased the expected stock price for Microsoft from one hundred and thirty-one dollars to one hundred and sixty-one dollars ($131 – $161). The average price of the stock around wall street analysts is one hundred and forty-six dollars ($146).

The rise of the stock price from previous years has reduced in this year compared to the years before. However, Christopher believed in the expertise of Microsoft’s team and stated that the company’s tech is the core of driving a customer towards digital transformation.

Experts, critics, and analysts are all turning more bullish towards Microsoft as the date for the release of earnings reports are closing in. The reports will be turned in on Thursday when the market session ends.

The common expected view is that there will be around $1.21 earnings per share with a revenue of over thirty-two and a half billion dollars ($32.7B) while last year the earnings with the gross revenue were a little over thirty billion dollars ($30.08B).

Meanwhile, another analyst believes that the earnings will be in line to the trend set over the years with $1.20 earnings per share and gross revenue of over thirty-two and a half billion dollars ($32.69B). These predictions are quite lower than the average predicted numbers.

The change in predictions could be because Microsoft revealed their statistics about their user count both on a weekly and a monthly basis. Microsoft Teams launched only two years ago while at the moment of writing the platform has gained a userbase of more than 19 million weekly active users.

The platform is also used by more than 500,000 organizations and is competing against Google’s Handouts and Facebook’s Workplace. Hangouts were released on February 2018 and have since gained four million paid users while the workplace has two million paid users till date.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

Related News

Hot Stories

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Polkadot price analysis: DOT price will break above the closest resistance level found at $ 9 over the weekend
Cryptocurrency Investments To Make in a Bearish Market - Shiba Inu (SHIB), Dogecoin (DOGE), and RoboApe (RBA)
Monero Price Prediction 2022-2031: Is XMR Price Going Higher?
ISO 20022 compliant crypto-list

Follow Us

Industry News

Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon
Uphold announces restriction of Venezuelan users