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There's a great reason why Microsoft stock is still fairly flat after earnings. Leading into the quarter, Microsoft needed to post a perfect quarter to avoid a drop from its lofty levels.
Microsoft's stock is trading at nearly 36 times its earnings. However, with the same metric for Amazon at 41, Microsoft is at least a better bargain than its biggest cloud rival.
Though the company had subsequent increases in dividend payouts, the price of Microsoft's stock remained steady for years. Standard & Poor's and Moody's Investors Service have both given a AAA rating to Microsoft, whose assets were valued at $41 billion as compared to only $8.5 billion in unsecured debt.
Microsoft stock reached a record high on Monday after the company said that Sam Altman, former chief executive of OpenAI, will join the company to head its artificial intelligence innovation...
Under Ballmer's tenure as CEO, Microsoft's share price stagnated even as the company's annual revenue surged from $25 billion to $70 billion, while its net income increased 215% to $23 billion, and its gross profit of 75 cents on every dollar in sales was double that of Google or IBM.
Should You Buy Microsoft Stock Now? Microsoft continues to deliver on high expectations for demand driven by artificial intelligence and its aggressive European commitments show that it means...
In December 2022, Microsoft announced a new 10-year deal with the London Stock Exchange for products including Microsoft Azure; Microsoft acquired ~4% of the latter company as part of the deal. In January 2023, CEO Satya Nadella announced Microsoft would lay off some 10,000 employees.
Shares of Microsoft (NASDAQ:MSFT) continue to climb seemingly unabated, making yet another new all-time high yesterday. Expect the red-hot rally in MSFT stock to cool over the coming weeks.
After its stock fell during most of 2022, Microsoft finished the year below $2 trillion. By May 2023, Microsoft stock was again worth more than $2 trillion. [70] In January 2024, Microsoft briefly surpassed Apple as the most valuable U.S. company, [101] and crossed $3 trillion during trading hours.
Microsoft currently has 7.51 billion shares outstanding, so 7.51 billion times the most recent closing stock price of $324.35 equals about $2.44 trillion.