Microsoft’s stock has surged 47% from its 52-week low, driven by its aggressive push into artificial intelligence and cloud services. The company’s next earnings report on July 30 will be closely watched to see if the rally can continue.
Microsoft’s business mix of software, cloud services, and AI tools has helped drive steady revenue growth, with a 14.2% increase over the past 52 weeks and 20% so far this year. The company’s market cap is around $3.79 trillion, making it one of the largest tech companies.
The latest quarter showed strong results, with revenue reaching $70.1 billion, up 13% from last year. Operating income climbed 16% to $32 billion, and net income was $25.8 billion, up 18%. Diluted earnings per share grew to $3.46.
Microsoft’s momentum is being driven by smart moves in AI and cybersecurity. The integration of Cohesity Gaia with Microsoft 365 Copilot allows employees to access and analyze backup data using generative AI right inside the Copilot workspace. This setup boosts productivity and security while protecting sensitive information.
The company is also working on generative AI-powered solutions with Accenture to help companies defend against complex threats. Reports show that 90% of organizations aren’t ready for AI-driven attacks, making this partnership a key revenue driver.
Analysts expect strong earnings from Microsoft’s next report, with revenue projections between $73.15 billion and $74.25 billion. The average earnings estimate is $3.35 per share, which would be a 13.56% increase from a year ago. Analysts at Wedbush have raised their price target to $600, while Wells Fargo analysts stick with an “Overweight” rating.
With over 40 analysts rating Microsoft as a consensus “Strong Buy”, the company’s stock could see significant upside. The market is eagerly awaiting the earnings report on July 30 to see if Microsoft’s AI push can continue to propel its stock higher.
Source: https://www.barchart.com/story/news/33567071/dear-microsoft-stock-fans-mark-your-calendars-for-july-30