02.04.2020 MSFT Daily Analysis

02.04.2020 MSFT Daily Analysis

Today MSFT is trading at $152.11. MSFT, during this period of lockdown, has seen increased usage of its “Teams’ calling and meeting monthly users in a one-month period in Italy, where social distancing or shelter in place orders have been enforced.” MSFT has also seen growth in its Windows Virtual Desktop products as many more countries are on lockdown and practicing social distancing. MSFT reported growth of up to 70% on Skype users, as there have been more than 40 million active Skype users in the past week. MSFT in a statement said that all their events will be virtual for the rest of the year due to the coronavirus pandemic. The spokesperson for MSFT said,  "For the remainder of 2020, we are embracing the opportunity to experiment with new platforms to provide our partners, customers, and developers the highest quality, digital-first experiences." These virtual events include  Microsoft Ignite, its professional conference scheduled for September in New Orleans,  MVP Summit, Build 2020, and Inspire 2020.