|Bid||229.00 x 1200|
|Ask||231.78 x 900|
|Day's Range||230.89 - 238.72|
|52 Week Range||68.06 - 288.81|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct. 28, 2020 - Nov. 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||298.41|
With the world's 10 biggest tech titans already among its customers, clearly, this newly public SaaS business is doing something right.
Microsoft (NASDAQ: MSFT) is continuously upping its game in the public cloud arena, and recently announced the availability of Azure Communications Services. The new product is a library of APIs (an API is an application programming interface, a pre-defined operation that can be inserted into and executed by an app) for developers to embed communications capabilities into an organizations' operations or web and mobile apps -- everything from video to chat to traditional phone calls. Cloud-based communications are helping solve those problems, and the sprawling Microsoft Azure ecosystem is well-suited for the task.
Microsoft today announced the launch of Azure Communication Services, a new set of features in its cloud that enable developers to add voice and video calling, chat and text messages to their apps, as well as old-school telephony. The company describes the new set of services as the "first fully managed communication platform offering from a major cloud provider," and that seems right, given that Google and AWS offer some of these features, including the AWS notification service, for example, but not as part of a cohesive communication service. Indeed, it seems Azure Communication Service is more of a competitor to the core features of Twilio or up-and-coming MessageBird.