Analysts: Microsoft’s Cloud Beating Expectations and 3 Other Research Notes to Browse

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Microsoft (NASDAQ:MSFT): Bernstein notes that Azure, Microsoft’s PaaS/IaaS offering, has surpassed $1 billion in revenue run rates. The firm thinks this number is significantly higher than investors original anticipations, and shows strong acceleration to the cloud. The firm has reiterated its Outperform rating, and increased its price target from $39 to $40.

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!


More Articles About:

To contact the reporter on this story: To contact the editor responsible for this story:

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business