Is Microsoft Stock a Buy?
Last week, Microsoft (NASDAQ: MSFT) posted better-than-expected fiscal fourth-quarter results, despite coronavirus-induced challenges. In addition, the tech giant is poised to keep growing over the long term thanks to its huge investments and successful transition to cloud computing. But at only 6% below its all-time highs, and up 43% over the last 12 months, is Microsoft stock a buy?
The coronavirus had a negative impact on some of Microsoft's businesses during the last quarter. For instance, given the weak job market, the social network LinkedIn (acquired in 2016 for $26.2 billion) grew its revenue by only 11% year over year at constant currency, down from 28% a year ago. Also, revenue from search advertising dropped 17% year over year because of lower advertising rates.
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Source Fool.com
