Is Microsoft Stock a Buy?
Microsoft (NASDAQ: MSFT) recently kicked off a new fiscal year with a bang. The now 45-year-old software icon reported revenue and net income of $37.2 billion and $13.9 billion during the three months ended Sept. 30, 2020 (first-quarter fiscal 2021). Those figures represented respective increases of 12% and 30% from a year ago. Under the guiding hand of CEO Satya Nadella, Microsoft has been able to sustain its decades-long growth story via the cloud, and I wouldn't be quick to bet against the tech giant anytime soon.
But with the tech giant's stock trading for well over 30 times trailing 12-month earnings, is it still a buy?
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Source Fool.com