Microsoft, Corporation (MSFT) Advances in the Cloud Computing Battle With Amazon

Microsoft, Corporation (NASDAQ:MSFT) is heating up competition with Amazon in the cloud computing arena.

Microsoft has also entered a strategic partnership with Walmart, who has in turn advised their suppliers to pick up supplies from the company. Analysts are anticipating an earnings call next week to see if Azure will continue its rapid growth trajectory. If it fails to hit a high mark, panic selling could provide trouble for the company.

Real Money provides details:

“We remain bullish on shares of MSFT as we continue to view the cloud as the future of computing and view Microsoft as being a leader in the space thanks to its robust Azure platform and hybrid model, a significant factor differentiating it from Amazon’s AWS, which requires other providers to help with on-premise integration,” the team said in their report amid last week’s pullback.

Ivan Feiseth of Tigress Financial Partners said he believes the growth trend will continue, and that Microsoft’s emphasis on hybrid solutions will help it to achieve advanced efficiency and security in its cloud sector.

Microsoft, Corporation shares were trading at $108.61 per share on Thursday afternoon, down $2.10 (-1.90%). Year-to-date, MSFT has gained 28.61%, versus a 5.01% rise in the benchmark S&P 500 index during the same period.

MSFT currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 69 stocks in the Software – Application category.

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