Microsoft Corp (MSFT) delivered strong results on Wednesday, July 29, and tempered fears about future capex and lower FCF. As a result, MSFT was up over 15% yesterday. So, is MSFT stock still undervalued, and what is the best MSFT play now? This article will discuss these issues.
MSFT closed at $451.10 on July 30, up 15.5% from $390.54 the day before. That's up from a recent closing low of $352.83 on June 25, but still below a June 1 6-month peak of $460.52.