Microsoft (NASDAQ MSFT) has been a rejuvenated stock off late. The stock has been performing very well and has been around the $125 levels. Such levels are a high for the company which is going to release Windows 10 in the coming months. The stock has actually benefited from the new found ideals of Satya Nadella and thus the stock should be going further in the green zone in the coming days.
Recently, Microsoft has been in the news due to their acquisition of Sunrise Calender, which is touted to be a great deal for both the parties involved. While there has been no official comment about the financials of the acquisition, various market reports suggest that the deal may have been of around $100 Million.
Here in this article, we will take a closer look at Sunrise Calender. A better look at this deal can help us with our view of the Microsoft stock and how it may behave in the days to come. The stock looks rather positive going into the financial year end but only time will tell if that remains the case.
News on Microsoft Corporation (NASDAQ MSFT)
Microsoft has purchased Sunrise Calender. Sunrise Calender is another cloud purchase from Microsoft. This deal comes after the recent deal of Accompli acquisition. Whether Sunrise would have the same impact remains to be seen. This deal certainly suggests that Microsoft wants to compete with major cloud players.
With Nadella at the helm, the priorities of Microsoft have definitely changed, for better or for worse. The “cloud-first, mobile-first” strategy seems to be working well enough. If this is the case, this acquisition of Sunrise Calender should be a bug positive step from Microsoft.
Microsoft Corporation (NASDAQ MSFT) Business News
Microsoft (NASDAQ MSFT) has been living a dream in the stock market. The stock has been consistent and has been one of the more performing type of stock. Where the MSFT stock goes from here, remains to be seen.
Thanks for visiting the TechNews.org website. Be sure to catch all Microsoft Corporation (NASDAQ MSFT) financial news, bookmark us and check all the videos and news articles regarding the Microsoft stock.