The whole Azure story is a FARCE in the face of competition from Google and Amazon, doomed to fail. Better bail out before the USD80 billion is spent and and flunking out in utter failure. Bloody CEO is acting tough and talk about end of SaaS, when his own ship in going up is freaking flames 🔥.
BUZZ-Microsoft drops after disappointing cloud growth forecast
BUZZ-Microsoft drops after disappointing cloud growth forecast** Shares of Microsoft MSFT.O down 6.2% at $415 early Thurs after co forecasted disappointing growth in its cloud computing business** If MSFT shares exceed 6.05% decline on Oct 31, 2024, they would register biggest one-day pct drop since a 7.7% fall on Oct 26, 2022** MSFT CFO Amy Hood said Azure unit would grow 31%-32% in current qtr, below Wall Street's expectations of 33%** Some analysts, however, view MSFT's cloud outlook as a 'short-term blip'** BofA Global Research said in note that rare execution challenges impacted Azure, though appear fixable, and reiterated 'buy' rating and $510 PT** Several brokerages cut their PTs, including Bernstein, UBS, and Morgan Stanley** Of 57 brokerages covering MSFT, recommendation breakdown is 53 "strong buy" or "buy," and rest "hold"; median PT is $500 - LSEG** With move on Thurs, stock down 1.6% YTD. In comparison, Dow Jones Industrial avg .DJI up 5.5% and S&P 500 Tech sector .SPLRCT
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