Boston, MA 10\/16\/2013 (wallstreetpr) – Microsoft Corporation (NASDAQ:MSFT)\u2019s has received downgraded ratings from the BGC analysts amid concerns that the company might not be able to deliver in line with the market expectations. The company, which will announce its quarterly results on Oct. 24, is looking down at some of the delicate issues which involve Nokia deal and search for its new CEO.<\/p>\n
Analysts at BGC have cut down their revenue estimates for the company for September quarter to $17.9 billion, which translates into a successive decline of 10 percent. In their published report, analysts have maintained a \u2018Hold\u2019 rating for the stock with the target price set at $31 per share. The earnings per share for the company isprojected to be $0.56 per share, down by 3 cents of earnings per share in the last quarter, though the market estimate is at $0.55 per share. The BGC analysts also believe that the shares of Microsoft have already factored in the drop in PC shipments. It is worthy to note that as per the data released by IDC,PC shipments fell to 81.6 million (7.6%) year over year, during the third quarter. But, the concern continues to hover over the company\u2019s \u2018Microsoft Office\u2019, the biggest contributor in its revenue which could face the loss following declined PC shipments.<\/p>\n
Apart from the above, the company\u2019s recent effort of restructuring can impact its September and December quarter results. It is not clear on how the things will take shape after the new CEO has been appointed. The company embraces a potential risk, as its future depends on how well the new CEO could unlock its value and the attached possibility of the failure. At the same time, it also depends on his option to stay with the company\u2019s current strategies which could upset some fraternityof investors.<\/p>\n
As of Tuesday, the company\u2019s shares were trading at $34.49, up by 0.12%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/16\/2013 (wallstreetpr) – Microsoft Corporation (NASDAQ:MSFT)\u2019s has received downgraded ratings from the BGC analysts amid concerns that the company might not be able […]<\/p>\n","protected":false},"author":15,"featured_media":10216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1075,1637,400,738],"stock_ticker":[],"class_list":["post-10215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-microsoft-corporation","tag-microsoft-corporation-nasdaqmsft","tag-msft","tag-nasdaqmsft","entry"],"acf":[],"yoast_head":"\n