Microsoft poised to have a winning year in stocks, company shows how interesting IoT can be

By @preciousvsilva on
An attendee photographs the new Microsoft Surface Pro 3, during the event in New York May 20, 2014.
An attendee photographs the new Microsoft Surface Pro 3, during the event in New York May 20, 2014. Reuters/Brendan McDermid

The previous year comprised of the worst stock performances since 2008 but Microsoft gained 23 percent against the odds. According to analysts, the company can have an even more winning year. Its demonstration on the Internet of Things(IoT) also showed how promising and interesting the sector can be in the future.

“We believe Microsoft can leverage its solid portfolio of enterprise products, including Windows Server, SQL Server, Power BI and Dynamics to gain share in enterprise accounts,” wrote Bachman via Barrons. BMO Capital Markets’ Keith Bachman and Jung Pak also started coverage of the company's stock last Friday offering an Outperform rating. The price target was also set at US $64  (AU $ 92.06). This is over 20 percent than the present levels. 

Microsoft will have a promising career thanks to the leadership of Satya Nadella, according to analysts. The company's decision to focus on cloud will also bring positive results. Microsoft shares saw an increase up to 1.1 percent US $52.73 (AU $75.85) during its latest trading on Friday.

In another report by The Verge, the publication commended Microsoft on its interesting take on the Internet of Thing. While most examples of other companies seemingly bordered around boring, Microsoft decided to take a different direction. During the CES, Microsoft's Bryan Roper provided a demonstration on how Windows can be integrated with smart home platforms. 

This offers users data on their home. Apart from Roper's enthusiasm, Microsoft was able to provide a more in-depth look other than the integration of two devices, according to the report. Roper used Cortana to provide a chart comparing people in the house and their appliance usage. While the integration is not new to Windows, it has generated enough interest to let people see what they can if they choose to connected their home and devices fully.