Stock Update: Intel Corporation (NASDAQ:INTC) – Intel and Microsoft face different challenges in shifts to cloud

[Reuters] – Financial results from Microsoft Corp and Intel Corp this week brought into sharp relief the challenges the onetime PC partners face as they shift more of their emphasis to cloud computing. Microsoft has seen strong long-term growth in parts of its cloud business, a combination of services and software catering to corporations moving computing functions to remote data centers run by outside providers. While revenue for its flagship cloud services business Azure more than doubled last quarter, the company said in Thursday’s earning report, the “intelligent cloud” division that includes it saw just 3 percent revenue growth in the period. Read more on this. Intel Corporation (INTC) , valued at $149.97B, started trading this morning at $31.71. During today’s session, INTC traded between $31.67 to $31.86 and has traded between $24.87 and $35.59 over the past 12 months. INTC shares are currently priced at 13.27x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.00x earnings multiple for the same period. The company pays shareholders $1.04 per share annually in dividends, yielding 3.29%. According to a consensus of 30 analysts, the earnings estimate of $0.52 per share would be $0.03 worse than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $2.41, which would be a $0.08 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.53 Billion. If realized, that would be a 2.50% increase over the year-ago quarter. Recently, Northland Capital downgraded INTC from Outperform to Market Perform (Apr 20, 2016). Previously, Brean Capital Initiated INTC at to Buy. When considering if the stock is under or overvalued, the average price target is $35.53, which is 12.05% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – As Microsoft soars on cloud, PC partner Intel seeks lift off Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock Retreats, Pacific Crest: Expect Q1 Earnings Miss Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points