Pacific Crest analysts Brendan Barnicle and Owen Hyde said that a survey "demonstrates that CIOs plan to spend more with Microsoft than other IT vendors over the next year, and that CIOs plan to use Microsoft for their public and private clouds." The analysts said they "have greater confidence in our Microsoft estimates" following the survey.
The analyst firm completed its CIO survey in November and asked 123 CIOs about their three-year spending plans with IT vendors. The analysts said that 39.3% of the respondents "indicated that Microsoft would see the biggest spending increases over the next three years, which made Microsoft the IT vendor most likely to see spending increases."
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TheStreet Ratings team rates MICROSOFT CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."