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Fly News Breaks for January 30, 2017
Jan 30, 2017 | 07:31 EDT
Following another "solid quarter," Oppenheimer analyst Timothy Horan says Microsoft (MSFT) has proven it can execute on its mobile hybrid cloud strategy, and believes new product introductions and increased intelligent functionality throughout its cloud software portfolio will lead to accelerating growth on both the top and bottom lines through 2019. Further, the analyst believes upside is likely to come from LinkedIn (LNKD) integration. He reiterates an Outperform rating and $70 price target on Microsoft's shares.
News For MSFT;LNKD From the Last 2 Days
Nov 21, 2018 | 07:43 EDT
Oppenheimer analyst Timothy Horan says that Amazon Web Services (AMZN), AWS, continues to move up the stack improving Security, AI/ML, IoT, Database services and bundling in with infrastructure to maintain prices of legacy services. The analyst expects a number of new features and tools for Lambda, Aurora and Greengrass. He also sees Amazon discussing UC&C, gaming and blockchain. AWS kicked off its hybrid offering with its VMware (VMW) partnership and Kubernetes support, but it still lacks the full stack that Microsoft (MSFT) has for hybrid deployments-which are critical for enterprise customers that want to capture the benefits of the cloud while still maintaining on-premise datacenters for sensitive workloads, he contends. Overall, Horan believes demand remains strong, and thinks only about 25% of total enterprise workloads have moved to the cloud, which gives AWS a long runway for future growth.