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MSFT

Microsoft

$125.29

-0.21 (-0.17%)

16:08
04/24/19
04/24
16:08
04/24/19
16:08

Microsoft reports Q3 Productivity and Business Processes revenue up 14%

Revenue in Productivity and Business Processes was $10.2B and increased 14%, or 15% in constant currency. Office Commercial products and cloud services revenue increased 12%, or 14% in constant currency, driven by Office 365 Commercial revenue growth of 30%, or 31% in constant currency. Office Consumer products and cloud services revenue increased 8%, or 10% in constant currency, and Office 365 Consumer subscribers increased to 34.2M. LinkedIn revenue increased 27%, or 29% in constant currency.

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MSFT Microsoft
$125.29

-0.21 (-0.17%)

04/17/19
KEYB
04/17/19
NO CHANGE
Target $141
KEYB
Overweight
Microsoft price target raised to $141 from $125 at KeyBanc
KeyBanc analyst Brent Bracelin raised his price target for Microsoft to $141 from $125 on increasing confidence in the company's cloud and digital strategy. The analyst sees the March quarter as another positive milestone and part of a broader multi-year cloud and digital journey that has structurally improved the business model drivers and prospects of sustaining double-digit annual growth. O365 subscription ARR could top $20B for the first time, while Azure could top $12B, he contends, adding that robust commercial cloud growth of 43% could push the cloud mix to 33% versus 5% in FY15. Bracelin reiterates an Overweight rating on the shares.
04/18/19
WEDB
04/18/19
NO CHANGE
Target $150
WEDB
Outperform
Microsoft price target raised to $150 from $140 at Wedbush
Wedbush analyst Daniel Ives raised his price target for Microsoft to $150 from $140 ahead of quarterly results. The analyst expects the company to post a "solid beat" across the board on both the top and bottom line as cloud strength on Azure and Office 365 continues to be the fuel in the tank with strong field checks indicating Microsoft could beat commercial cloud expectations by about 3%-4%. Ives believes the shift to cloud is a major secular trend and key tailwind that is significantly benefiting Microsoft in the field and should continue its momentum heading into the second half of 2019/2020 based on his checks showing an inflection point of demand is abound. He reiterates an Outperform rating on the shares.
04/18/19
MSCO
04/18/19
NO CHANGE
MSCO
Overweight
Morgan Stanley prefers Seagate over Western Digital as cloud capex recovery play
Morgan Stanley analyst Katy Huberty said her industry conversations have increased her confidence in a cloud recovery in the second half. Her checks suggest orders from Microsoft (MSFT) will restart in Q2 and rise to above trend levels in Q3 while orders from Amazon (AMZN), Google (GOOGL), Facebook (FB) and Apple (AAPL) are expected to return in Q3. Given this context, Huberty said she prefers Seagate (STX) over Western Digital (WDC) as a play on a cloud capital expenditure recovery, noting that inventory levels position hard disk drives to benefit before NAND, that HDD pricing is structurally better positioned than NAND and her view that Seagate has a better HDD product portfolio to meet cloud demand in the second half of 2019 and first half of 2020. Huberty has an Overweight rating on Seagate and the firm has an Equal Weight rating on Western Digital, which is covered by analyst Joseph Moore.
04/22/19
STFL
04/22/19
NO CHANGE
Target $130
STFL
Buy
Microsoft price target raised to $130 ahead of Q3 earnings at Stifel
Stifel analyst Brad Reback raised his price target on Microsoft shares to $130 from $120 ahead of the company's Q3 report on Wednesday, stating that he expects upside to his in-line estimates given the constructive IT spending environment, expectations for commercial Office 365 gains in selling price and units, strength in Azure and gaming and "less bad" IDC shipment data. Reback maintains a Buy rating on Microsoft ahead of the report on April 24.

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SPTN

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DERM

Dermira

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TLGHF

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DK

Delek US

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CZR

Caesars

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1.44 (14.41%)

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GRUB

GrubHub

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0.91 (1.28%)

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SITE

SiteOne Landscape

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AMZN

Amazon.com

$1,913.43

3.01 (0.16%)

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BHF

Brighthouse Financial

$38.10

-0.01 (-0.03%)

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TIF

Tiffany

$91.86

-1.78 (-1.90%)

05:09
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GTES

Gates Industrial

$10.82

-0.18 (-1.64%)

05:06
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SMSEY

Samsonite International

$0.00

(0.00%)

04:55
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Conference/Events
Samsonite International management to meet with CIBC »

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EGBN

Eagle Bancorp

$53.04

-0.45 (-0.84%)

04:55
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Conference/Events
Eagle Bancorp management to meet with Sandler ONeill »

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ALG

Alamo Group

$98.92

-0.2 (-0.20%)

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Conference/Events
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STNG

Scorpio Tankers

$25.90

-0.15 (-0.58%)

04:55
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Scorpio Tankers management to meet with Jefferies »

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MGPI

MGP Ingredients

$61.75

-4.45 (-6.72%)

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MGP Ingredients management to meet with SunTrust »

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CSV

Carriage Services

$18.98

-0.15 (-0.78%)

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HMSY

HMS Holdings

$30.79

-1.07 (-3.36%)

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PATK

Patrick Industries

$46.36

-1.73 (-3.60%)

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ETSY

Etsy

$63.90

-1.84 (-2.80%)

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NEE

NextEra Energy

$208.20

0.51 (0.25%)

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Conference/Events
NextEra Energy management to meet with UBS »

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INWK

InnerWorkings

$3.87

-0.3 (-7.19%)

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TEUM

Pareteum

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INO

Inovio

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