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MSFT

Microsoft

$137.66

-1.27 (-0.91%)

05:08
08/12/19
08/12
05:08
08/12/19
05:08

Microsoft enters strategic relationship with Jio

Reliance Jio Infocomm, a subsidiary of Reliance Industries, and Microsoft are embarking on a unique, comprehensive, long-term strategic relationship aimed at accelerating the digital transformation of the Indian economy and society. This 10-year commitment combines the world-class capabilities of both companies to offer a detailed set of solutions comprising connectivity, computing, storage solutions, and other technology services and applications essential for Indian businesses and will span the broad Reliance Industries ecosystem including its existing and new businesses. In combining efforts, Jio and Microsoft aim to enhance the adoption of leading technologies like data analytics, AI, cognitive services, blockchain, Internet of Things, and edge computing among small and medium enterprises to make them ready to compete and grow, while helping accelerate technology-led GDP growth in India and driving adoption of next-gen technology solutions at scale. As part of this new agreement: Jio will provide its internal workforce with cloud-based productivity and collaboration tools available with Microsoft 365 and will migrate its non-network applications to the Microsoft Azure cloud platform. Jio's connectivity infrastructure that aims to connect everyone, everything, everywhere will promote the adoption of the Microsoft Azure cloud platform within its growing ecosystem of startups, as part of Jio's cloud-first strategy. Jio will set up datacenters in locations across India, consisting of next-generation compute, storage and networking capabilities, and Microsoft will deploy its Azure platform in these datacenters to support Jio's offerings. The initial two datacenters, which can house IT equipment consuming up to 7.5 MW of power, are being set up in the states of Gujarat and Maharashtra. These are targeted to be fully operational in calendar year 2020. Jio will leverage the Microsoft Azure cloud platform to develop innovative cloud solutions focused on the needs of Indian businesses. Through these Jio-developed solutions: Indian startups will have access to efficient and affordable cloud infrastructure and platform services, enabling them to develop innovative products and services faster and more cost-effectively. Small and medium businesses in India will have access to a range of cloud-based productivity, collaboration and business applications including Office 365, enabling them to compete more effectively in the Indian marketplace. Large companies will be able to accelerate their own digital transformations by leveraging new Jio solutions that can work with Microsoft offerings already in use today within many large enterprises. The partner ecosystem in India will have the opportunity to leverage Jio's new offerings to serve the unique needs of their customers and rapidly grow their businesses. Jio will be executing on its vision of integrated speech and computer vision solutions for Indian customers by working together with Microsoft to develop solutions that support major Indian languages and dialects, which will promote the adoption of technology across all cross-sections of Indian society.

  • 04

    Sep

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    Sep

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    Oct

MSFT Microsoft
$137.66

-1.27 (-0.91%)

07/25/19
JMPS
07/25/19
NO CHANGE
Target $325
JMPS
Market Perform
ServiceNow price target raised to $325 from $280 at JMP Securities
JMP Securities analyst Patrick Walravens raised his price target on ServiceNow (NOW) to $325 but kept his Market Perform rating after its mixed Q2 results with an earnings beat and a miss in subscription revenue and billings. The analyst notes however that the company's mid-30% growth of its Recovery Point Objective, or RPO, business is a positive, and also cites the management's spending discipline and partnership expansion with Microsoft (MSFT).
07/25/19
ARGS
07/25/19
NO CHANGE
Target $158
ARGS
Buy
Microsoft price target raised to $158 from $145 at Argus
Argus analyst Joseph Bonner raised his price target on Microsoft to $158 and kept his Buy rating, also raising his FY20 EPS view by 25c to $5.26 after the company's "strong" performance in FY19. The analyst says CEO Satya Nadella has succeeded in pivoting the company toward a "high-value commercial and cloud application businesses", adding that its commercial revenues are well-positioned to grow given Microsoft's "massive" user base.
07/26/19
PIPR
07/26/19
NO CHANGE
Target $145
PIPR
Overweight
Proofpoint price target raised to $145 from $140 at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski raised his price target for Proofpoint (PFPT) to $145 from $140 saying the company's Q2 results were "very consistent with historical standards," beating the high-end of revenue guidance by 1.2% and billings by 0.9%.Management only raised the annual guidance by roughly the same amount as the beat, likely setting up for another beat in Q3, Nowinski tells investors in a research note. He believes Proofpoint continues to extend its lead in terms of market share over Microsoft (MSFT) and others, and reiterates an Overweight rating on the shares.
08/05/19
MSCO
08/05/19
NO CHANGE
Target $170
MSCO
Overweight
IBM guidance with Red Hat in-line with Morgan Stanley expectations
After IBM (IBM) guided calendar year 2019 EPS of "at least" $12.80 when factoring in Red Hat, Morgan Stanley analyst Katy Huberty said this was in-line with her expectation ahead of the event. Following the company's Red Hat presentation, Huberty shifted some of her revenue and EPS forecast into Q4 to reflect the mainframe cycle, but her 2019 estimates for IBM remained otherwise unchanged. Huberty, who thinks Red Hat provides the horizontal platform to bridge the public clouds of AWS (AMZN), Azure (MSFT), GCP (GOOGL), and IBM Cloud, said the "Red Hat acquisition is all about positioning for Chapter 2 of cloud," which will be focused on enterprises' mission critical workloads. Huberty keeps an Overweight rating and $170 price target on IBM shares.

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VMware

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GLW

Corning

$30.04

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$44.67

0.75 (1.71%)

SHOP

Shopify

$337.93

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KHC

Kraft Heinz

$29.62

0.37 (1.27%)

PSTV

Plus Therapeutics

$9.51

-0.05 (-0.52%)

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KHC

Kraft Heinz

$29.62

0.37 (1.27%)

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Kraft Heinz

$29.62

0.37 (1.27%)

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HMSY

HMS Holdings

$37.14

0.24 (0.65%)

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ICAD

iCAD

$6.89

-0.01 (-0.14%)

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GLW

Corning

$30.04

-0.12 (-0.40%)

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WE

We Company

$0.00

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GLW

Corning

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WE

We Company

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GM

General Motors

$37.21

-1.62 (-4.17%)

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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

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Hamilton Lane

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  • 26

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GD

General Dynamics

$190.91

0.98 (0.52%)

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