Finance, Mobile

Stock in Action: Microsoft (NASDAQ MSFT) Stock Goes Into Red

In the 1990s, Microsoft Corporation (NASDAQ MSFT) was the toast of Wall Street and arguably one of the top technology growth stocks in the world. Microsoft’s stock reached $46.97 a share last week, against a 52-week high of $47.57. Some of the rise likely derives from the rapid rise in the Nasdaq. Some has to do with Microsoft’s most recent earnings.

During Apple’s rise, Microsoft was essentially comatose, having focused too intently on its operating system and on the PC platform. The company, under former CEO Steve Ballmer, failed to recognize the move to the mobile space. According to my stock analysis, this left Microsoft in a lurch, becoming a fallen star on Wall Street.

Luckily, Ballmer was cut and replaced with CEO Satya Nadella, who has made Microsoft relevant again to the investment community via his vision and focus on the growing technology spaces, such as mobile devices and cloud computing. The stock has advanced 29.11% over the past 52 weeks, easily outperforming the 11.64% move by the S&P 500.

News on Microsoft Corporation (NASDAQ MSFT)

In addition to the Windows operating system, analysis indicates Microsoft has been shifting its energy into the mobile space via “Office” applications for the hugely popular Apple “iPad,” a soon-to-be-released Microsoft-branded mobile phone (from the purchase of Nokia’s mobile unit), and cloud applications. The company is also rapidly building up its gaming unit via its “Xbox” line.

Xbox was released in 2001, barely a year after Ballmer took the CEO job from Bill Gates. It matured under Ballmer, and the most recent generation, the Xbox One, launched while Ballmer was still CEO. In the quarterly statement, management said: Total Xbox console sales were 2.4 million, growing 102%, and Xbox One launched in 28 new markets.

Microsoft Corporation (NASDAQ MSFT) Business News

Microsoft (NASDAQ MSFT), once nearly orphaned by investors, has nearly touched its 52-week high. As a matter of fact, make that a 10-year high, for good measure. It has gotten there without a large explosion in new businesses like cloud computing. Much of the rise in revenue and profits has recently come from businesses that are many years old.

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