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Microsoft Corp (MSFT.O) will buy back as much as $20 billion of its stock to boost its flagging share price, Bloomberg News quoted a top-rated software analyst as saying.
Shares of the software giant rose about 1 percent in Wednesday's pre-market trade.
UBS analyst Heather Bellini expects Microsoft to complete the repurchase over the next three months, and that the amount is at least five times larger than its average share buyback per quarter in the last fiscal year, according to the Wednesday Bloomberg article.
View Full Article: Yahoo News
Shares of the software giant rose about 1 percent in Wednesday's pre-market trade.
UBS analyst Heather Bellini expects Microsoft to complete the repurchase over the next three months, and that the amount is at least five times larger than its average share buyback per quarter in the last fiscal year, according to the Wednesday Bloomberg article.
