Coinspeaker
MSFT Stock Went 0.43% Up as Microsoft Acquires Metaswitch in Telecom Push

Microsoft Corporation (NASDAQ: MSFT) added $0.78 yesterday to reach $180.53. Today in the pre-market, it is 0.011% down. The stock value has recovered from the black Thursday crash, which began mid-Feb. It has been making higher highs and higher lows, which is a characteristic of a rising trend on the higher timeframe. However, it has not been able to go beyond the resistance level at the ATH. The rise of Microsoft stock is partially attributed to the company’s deal with Metaswitch.

Being the third time it is rebounding from that level, technically analyzing the chart shows either a long consolidation or a preparation for a reversal. However, the company has been preparing immensely to change with the demand for the ongoing coronavirus pandemic, which has halted most businesses.

It is evident with the changes in the past year, whereby it added 40.96% in the past twelve months, added 14.48% since the calendar flipped, and lost only 2.60% in the past three months. The current market price at the time of reporting is hovering around the highs of the past 52 weeks at $190.70.

With more people working and staying at home, the company has experienced a tremendous increase in daily active users of its products. Its profit revenue for the first quarter was largely impacted by the coronavirus outbreak.

MSFT shares might have jumped as a result of an announcement the company made yesterday, May 14, 2020. They highlighted the details of the acquisition in a post through its official webpage.

According to the post, Microsoft entered into a definitive agreement to acquire Metaswitch Networks. The recent acquisition is in line with the company’s bid to deliver on its promise of a better 5G network. The company added:

“Metaswitch’s complementary portfolio of ultra-high-performance, cloud-native communications software will expand our range of offerings available for the telecommunications industry. Microsoft intends to leverage the talent and technology of these two organizations, extending the Azure platform to both deploy and grow these capabilities at scale in a way that is secure, efficient and creates a sustainable ecosystem.”

With the industry leaning towards the 5G network, it will be an added advantage for Microsoft as it will have the infrastructure in place. Therefore, as more operators join in using Microsoft’s network, the revenue value rise will be imminent. As a result, shareholders of the MSFT stock will reap a considerable profit.

MSFT Stock Went 0.43% Up as Microsoft Acquires Metaswitch in Telecom Push

Similar to Notcoin - Blum - Airdrops In 2024

origin »

128 +