Microsoft share price: Azure Services suffer widespread outage due to connectivity issue

on Nov 19, 2014
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iNVEZZ.com, Wednesday, November 19: Microsoft Corp (NASDAQ:MSFT), the world’s largest software maker, has experienced technical issues causing its cloud computing platform Azure to go down in multiple regions, including Central US, East US and West US, as well as in North Europe.

The company issued a series of alerts early today about experiencing “a connectivity issue to Azure Services including Storage, Websites and Visual Studio Online”. The issue first occurred at 00:52 UTC, according to Azure’s status page. Microsoft later confirmed the problem in a tweet:
“We are aware of a service interruption impacting Azure Services and we are working to resolve the issue,” the company said via Azure’s Twitter account.
The issues affected some of Microsoft’s Web properties and other products, including its popular MSN web portal and its Xbox Live gaming service.
The problem has now been resolved and “Azure core platform components are working properly”, according to the status page.
In yesterday’s trading, Microsoft shares closed 0.8 percent down at $48.74. The company’s stock has risen 30.3 percent since the start of the year.
*h*Cloud issues*h*
Although the issue with Azure Services has now been successfully resolved, the outages are likely to raise some concerns. Azure, which hosts websites and lets customers store and manage data remotely, is an integral part of chief executive officer Satya Nadella’s new vision for Microsoft, which focuses on cloud services and mobile. The Redmond-based technology giant is trying to position the platform as a cost-effective and reliable alternative to Amazon Web Services (AMS), a competing service run by e-commerce company Amazon.com Inc (NASDAQ:AMZN). Under Nadella, who prior to succeeding Steve Ballmer as CEO was head of Microsoft’s cloud division, Azure has become one of the biggest success stories for the Windows maker in recent years, with many industry watchers considering it the number two cloud platform after AWS. However, this blunder could deal a significant blow to Azure’s reputation.
*h*Analysts on Microsoft*h*
According to the Financial Times, the 28 analysts offering 12 month price targets for Microsoft Corporation have a median target of $50.00, with a high estimate of $56.00 and a low estimate of $34.00. As of November 15, 2014, the consensus forecast amongst 51 polled investment analysts covering Microsoft Corporation has it that the company will outperform the market. The same consensus estimate has been maintained since the sentiment of investment analysts improved on Sep 15, 2014, FT notes.
**As of yesterday’s US close buy Microsoft shares at $48.74**
**As of yesterday’s US close sell Microsoft shares at $48.74**

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