Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Chinese antitrust regulator targets Microsoft’s web browser, media player

Microsoft Corporation (NASDAQ:MSFT) [Reuters] – Microsoft Corp’s Windows web browser and media player are being targeted in a Chinese antitrust probe, raising the prospect of China revisiting the software bundling issue at the heart of past antitrust complaints against the firm in the West. The State Administration for Industry and Commerce (SAIC) suspects Microsoft of not being fully transparent with information about its Windows and Office sales, but the company has expressed willingness to cooperate with ongoing investigations, Zhang Mao, the head of the antitrust regulator, told reporters at a briefing in Beijing on Tuesday. As Windows became the world’s dominant operating system in the 1990s and 2000s, the issue of how Microsoft bundled its web browser and media player became the focus of respective antitrust cases brought by U.S.
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Microsoft Corporation (MSFT), currently valued at $372.77B, opened this morning at $45.31.
 
Looking at the stock, its one day range is $45.15 to $45.39 with its 52-week range being $30.95 to $45.71.
 
MSFT shares are currently priced at 16.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.44x earnings multiple.
 

 
Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $0.49 per share, which would be $0.13 worse than the year-ago quarter and a $0.15 sequential decrease. The full-year EPS estimate is $2.72, which would be a $0.09 better than last year.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.01 Billion. If reported, that would be a 18.78% increase over the year-ago quarter.
 
Recently, FBR Capital upgraded MSFT from Mkt Perform to Outperform (Jun 5, 2014). Previously, Deutsche Bank upgraded MSFT from Hold to Buy.
 
Given all the information above, we should disclose to readers that the average price target is $47.00, which is 3.73% above than it opened this morning.
 
Summary (NASDAQ:MSFT) :  Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. Its Computing and Gaming Hardware segment provides Xbox gaming and entertainment consoles and accessories, second-party and third-party video games, and Xbox Live subscriptions; surface devices and accessories; and Microsoft PC accessories. The company’s Phone Hardware segment offers Lumia Smartphones and other non-Lumia phones. Its D&C Other segment provides Windows Store, Xbox Live transactions, and Windows Phone Store; search advertising; display advertising; Office 365 Home and Office 365 Personal; first-party video games; and other consumer products and services, as well as operates retail stores. The company’s Commercial Licensing segments licenses server products, including Windows Server, Microsoft SQL Server, Visual Studio, System Center, and related Client Access Licenses (CALs); Windows Embedded; Windows operating system; Microsoft Office for business, including Office, Exchange, SharePoint, Lync, and related CALs; Microsoft Dynamics business solutions; and Skype. Its Commercial Other segment offers enterprise services, including premier support services and Microsoft consulting services; commercial cloud comprising Office 365 Commercial, other Microsoft Office online offerings, Dynamics CRM Online, and Microsoft Azure; and other commercial products and online services. The company markets and distributes its products through original equipment manufacturers, distributors, and resellers, as well as online. Microsoft Corporation was founded in 1975 and is based in Redmond, Washington.
 
Tag Helper ~ Stock Code: MSFT | Common Company name: Microsoft | Full Company name: Microsoft Corporation (NASDAQ:MSFT) .


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