A report commissioned by Microsoft Corporation (NASDAQ:MSFT) released last week claimed that if companies standardize on one browser, they can save tens of thousands of dollars in support and development costs. Forrester Research conducted report on behalf of Microsoft, which never used the words “Internet Explorer,” “Windows,” “Chrome” or “Firefox,” but there was little doubt of its focus on Microsoft’s Internet Explorer (IE).
The study disclosed that IT pros devastating like better to standardize on the browser that comes with their desktop OS, according to Forrester. IE, without a doubt, is the browser ship with Windows, the most popular business desktop operating system across the globe.[article_detail_ad_1]
Survey reports of 133 IT decision makers at North American enterprises revealed that 96% of the companies have standardized on one browser for workers’ PCs. But they were divided over whether to support others.
Where the stock (MSFT) stands now?
The stock closed at $27.09, up 0.28 points or 1.06% from previous close and at a distance of +0.69% from 20-day simple moving average. In the last trading session, the stock’s price moved -8.47% below its 200 day moving average, changing hands as low as $26.68 per share. The stock is currently trading -3.04% down its SMA 50.
The share price performance over the last 12 months
The percentage change in the price over the past fifty two weeks remained at +4.11%. The price range in the same period had a highest hit of $32.95 on Mar 16, 2012 while lowest level during that period was $25.44 on Dec 21, 2011. The 1-year target price estimate, which is the median price target, as set by analysts covering the stock is $35.00. The stock in last 12 months gained 8.84% and has advanced 7.29% since the beginning of this year.
How the market shifts persuade this stock?
This stock is less risky when compared to the shifts in the equity markets as its beta value is standing at 0.98. To measure price-variation, we found this stock’s volatility over a week period was 1.87% and for the month was 1.74%.
Need expert advice?
The analyst mean recommendation for this week has been changed to 2.0 from 1.9 in the last week. The price target of $28.00 was the lowest while the highest price target was set as $40.00, according to 34 analysts surveyed by Thomson Reuters.
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