Yesterday, Microsoft released its earnings for the company's first quarter of its fiscal 2015 year (roughly the third quarter of a regular calendar year) and topped revenue estimations. Microsoft's strong growth is resonating well within the investment community, as three firms have issued positive ratings for the company.
Oppenheimer, FBR Capital Markets and Credit Suisse each issued ratings today affirming their bullish position on Microsoft. The ratings were issued this morning, following the announcement of Microsoft's earnings. With strong growth in its enterprise businesses and the fact that Microsoft's Surface line now has a positive gross margin, there's strong reason to be bullish on the company.
For the past few weeks, Microsoft's stock has once again been flirting with hitting its highest point in a decade. The current price, at the time of this post, is $45.95, with its 52-week high at 47.57.
As we head into the critical holiday shopping season, Microsoft's next quarter results will be interesting to see if they can move even more Surface devices and, of course, the Xbox One, too.
Disclaimer: The source of this information came from Tracour. Brad Sams is a co-founder of that company.
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