Pacific Crest Analysts Reduce Microsoft Estimates as PC Demand Declines (MSFT)
Analysts at Pacific Crest on Friday offered some tepid commentary on software giant Microsoft Corporation ( MSFT ).
The firm noted it does not expect MSFT to perform well in coming quarters due to declining PC demand.
Pacific Crest maintained its "Sector Perform" rating and cut its earnings estimates for the company through 2014.
Microsoft's share price was flat in premarket trading on Friday. The stock has gained 11.52% YTD.
The Bottom Line
Shares of Microsoft ( MSFT ) have a 3.18% dividend yield, based on last night's closing stock price of $28.85. The stock has technical support in the $27-$28 price area. If the shares can firm up, we see overhead resistance around the $31-$32 price levels.
Microsoft Corporation ( MSFT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.