According to Gartner’s Magic Quadrant for IaaS, which was released in June 2017, Microsoft and Amazon (AMZN) dominate the IaaS space.
As the PC market shrinks, Microsoft is seeking ways to boost its Windows 10 and Office 365 subscriptions.
Azure Stack is expected to find a preference among companies and industries that prefer the hybrid cloud’s ability.
The fiscal 4Q17 revenues for Office 365 and Dynamics 365 grew 43% and 74%, respectively.
Hewlett-Packard (HPQ), Lenovo (LNVGY), and Dell EMC are the top three vendors in the PC space. HP and Dell recorded five straight quarters of YoY growth in 2Q17.
Global PC shipments fell 4.3% to ~63.9 million units in 2Q17, which marked the 11th straight quarter of a fall in PC shipments.
The technology sector reported a 52.5% decline in workforce reductions to 23,813 for the first half of this year, compared to 50,161 announced in 1H16.
Microsoft’s position, aided by its cloud-computing platform Azure, continues to improve in the cloud space. In fiscal 4Q17, Microsoft Azure’s revenues grew 97%.
In the week ended July 14, 2017, the US Dollar Index fell to its lowest levels in ten months.
In fiscal 4Q17, Microsoft reported revenues of ~$24.7 billion and non-GAAP earnings per share of $0.98. Microsoft’s revenues and EPS exceeded analyst estimates by $430.0 million and $0.27, respectively.
Tech giant Microsoft (MSFT) released its fiscal 4Q17 earnings on July 20. Its better-than-expected results provided additional lift to the positive sentiment surrounding Microsoft stock.
On July 19, 2017, Verizon stock was trading at $43.45, which was 1.7% below its 20-day moving average of $44.21.
As of July 19, 2017, 33 analysts are tracking Verizon (VZ) stock. About 24.0% of them are recommending a “buy” for the stock.
As of July 19, 2017, Verizon’s (VZ) market capitalization was $177.2 billion, making it the second-largest US telecom behemoth in terms of market capitalization.
Wall Street anticipates Verizon’s postpaid phone churn rate to increase, mainly due to continued intense competition in the postpaid space.
In 1Q17, Verizon reported 17,000 prepaid customer net losses, which was a significant improvement over 177,000 prepaid customer net losses in 1Q16.
Wall Street anticipates that Verizon will have 60,000 postpaid phone net additions in 2Q17. In 1Q17, it had a net decrease of 307,000.
Wall Street expects Verizon’s consolidated adjusted EBITDA to rise ~2.0% YoY (year-over-year) to ~$11.3 billion in 2Q17.
Analysts anticipate Verizon’s total revenue to fall ~2.0% YoY (year-over-year) to ~$29.9 billion in 2Q17.
Verizon (VZ) will publish its results for 2Q17 on July 27, 2017. Wall Street analysts anticipate Verizon’s earnings to increase in 2Q17.