Microsoft’s chat-based collaboration tool for enterprises known as “Microsoft Teams” will now be available to Office 365 users in India by the end of March. However, commercial users that have an access to Office 365’s Enterprise or Business Plan can already access the preview version of the Teams.
There are also other famous chat-based collaboration tools such as Slack and Flock used by professionals. It makes communication and collaboration easier, even if all members are not in a single room.
With Microsoft Teams’ better integration among other popular Microsoft apps and tools, it is being considered that it could give a huge impact to the Microsoft family of services.
Slack has more than 4 million active users and works on a freemium model, in which a user can access as many services available for free, but have to pay to enable more.
Meanwhile, the tech giant has appointed Alessandro Cardoso from Aussie partner, RXP Services. Cardoso has been appointed as secure infrastructure architect, including Asia-Pacific, Greater China, India and Japan.
Cardoso’s role will involve working with customers relative to understanding their business needs and designing technology solutions.
Atlantic Securities upgraded Microsoft Corporation shares from an “underweight” rating to a “neutral” rating on Tuesday.
Several analysts are closely watching on Microsoft. Wunderlich upgraded the tech giant’s stock from a “hold” rating to a “buy” rating and increased their target price from $60.00 to $70.00 on October 21st.
Shares of Microsoft Corp. declined 0.74% during the course of the session on Tuesday, which reached $64.65 and about 25,270,549 stocks traded hands. The company posted 12-month low of $48.03 and a 12-month high of $65.91.
The stock has a market cap of $499.58 billion, with a P/E ratio of 30.42 and a beta of 1.13. It posted a 50-day moving average price of $63.13 and a 200-day moving average of $59.43.
Subsequently, Microsoft Corp. last issued its quarterly earnings report on January 26th, which added an earnings per share (EPS) of $0.84 for the quarter, topping the consensus forecast of $0.79 by $0.05.
The chart below illustrates the stock price movement ahead of the Microsoft Teams release by the end of March, after shares followed a consolidating path near resistance 57.27.
Additionally, the RSI stood at 66.9890, but could not mean another signal for a bullish trend as it has reached the overbought level on January 26th.
As shares of Microsoft Corp. traded in a consolidating path, there is still no confirmation if stock prices will rally. However, if shares will break through above resistance 57.27 it could signal a bullish tone.
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