Stock Update (NASDAQ:MSFT): Microsoft wins landmark appeal over seizure of foreign emails

[Reuters] – A federal appeals court on Thursday said the U.S. government cannot force Microsoft Corp and other companies to turn over customer emails stored on servers outside the United States. The 3-0 decision by the 2nd U.S. Circuit Court of Appeals in Manhattan is a defeat for the U.S. Department of Justice and a victory for privacy advocates and for technology companies offering cloud computing and other services around the world. Circuit Judge Susan Carney said communications held by U.S. service providers on servers outside the United States are beyond the reach of domestic search warrants issued under the Stored Communications Act, a 1986 federal law. Read more on this. , with a current value of $ecting to http://finance.ya, finished yesterday at $. A quick look at the market, the company’s stock traded between $ with the price of the stock fluctuating between $ over the last 52 weeks. MSFT shares are currently priced at x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s x earnings multiple for the same period. Consensus earnings for the current quarter by the 0 sell-side analysts covering the stock is an estimate of $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $ is a $0.00 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $0.00 . If realized, that would be a 0.00% decrease over the year-ago quarter. In terms of ratings, d MSFT from to (/fin). Previously, d MSFT from to . Investors should keep in mind is that the average price target is $, which is 0.00% below where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Assessing Asset Bubbles: Microsoft in 2001 vs. Today (MSFT) Market Update: Microsoft Corporation (NASDAQ:MSFT) – Here’s Why Microsoft (MSFT) Stock Is Advancing Today Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Sues DoJ Over Data Request Order (MSFT)