9 Microsoft analysts sound off about the company's future
It's currently down about 4%.
One big problem: Microsoft lowered its guidance for revenue for its next quarter (and implied a lowered guidance for profits too) - again.
This is the fourth consecutive quarter of lowered guidance, points out analyst Kevin Buttigieg from MKM Partners.
Microsoft's CFO Amy Hood expects Q1 of fiscal 2016 to come at $20.7-$21.3 billion when the street was looking for, on average, $22.7 billion.
There was the expected weakness in sales from a shrinking PC market, and some unexpected weak sales in commercial products to businesses.
The good news: Microsoft reported solid progress in the hot growth area of cloud computing. This contributed to an all-time high of $24.5 billion for off-balance-sheet revenues under contract but not yet billed, a spokesperson told Business Insider.
This morning, some analysts are believers, others are not convinced ...