Worth Watching Intraday Movers: Microsoft Corporation (NASDAQ:MSFT), U.S. Bancorp (NYSE:USB), Nutanix Inc (NASDAQ:NTNX)

On Thursday, Shares of Microsoft Corporation (NASDAQ:MSFT), subtract -0.33% and closed at $56.92 in the last trading session. The last trading range of the stock ranges between $56.31 and $57.33. The first Microsoft IoT Expo is held at Hua Nan Bank International Conference Center recently, together with the official launch of Microsoft IoT Innovation Center. A total of 393 companies from 17 countries gathered at this expo which features over 70 keynote speeches and 33 IoT applications showcases, all focusing on smart city, retail, manufacturing, and life. Expo participants not only gain global insights but also are endowed with technology transfer and match-making opportunities. It is expected that this event will foster cross-discipline and highly professional partnerships, which assists IoT players to not only get a foothold in Asia and but also further target the global market.

Microsoft IoT Innovation Center as the starting for global IoT deployment

Since the signing of a memorandum of understanding (MOU) on IoT with the Ministry of Economic Affairs (MOEA) last October, Microsoft has been promoting several IoT related industry and talent development programs in Taiwan. For example, the first DevDays Asia, which took place this past April with informative presentations from over ten information scientists and architects, who assisted with solving technical issues. In July, an IoT solution constructed by Taiwanese companies was introduced in WPC, an annual conference attended by tens of thousands of people, and soon became a sought-after hit by partners around the world seeking collaboration. All in all, Microsoft has assisted 22 Taiwanese companies with over 87 IoT devices to be Microsoft Azure Certified for IoT by this September, with the number of certifications taking up over 40% of all certified devices worldwide. As if the aforementioned achievements are not enough in a year, Microsoft is holding the Microsoft IoT Expo 2016 recently, with the participation of 393 companies and around 1,100 visitors from Taiwan and abroad. This expo displays 33 IoT solutions, offers match-making meetings which facilitate in-depth interaction among partners, and declares the official launch of Microsoft IoT Innovation Center.

U.S. Bancorp (NYSE:USB), dropped -1.20% and closed at $42.88 in the last trading session. The last trading range of the stock ranges between $42.37 and $43.01. The company’s Market capitalization is $73.58 Billion with the total Outstanding Shares of 1.72 Billion. U.S. Bank Wealth Administration declared recently that it has named Eric Freedman as its new chief investment officer (CIO) to replace previous CIO Tim Leach, who recently stepped down. U.S. Bank Wealth Administration manages $133 billion of assets for clients and is ranked among the top 20 wealth administration firms* in the country.

For the past 10 years, Freedman has been CIO, managing director and global market strategist for CAPTRUST Financial Advisors, where he stated to the CEO and was responsible for assisting grow the company into one of the leading RIAs in the country, with $180 billion in assets under administration. Before that, he was a senior portfolio manager for Franklin Street Partners, and vice president of equity derivatives with Goldman Sachs.

“Eric represents everything we were looking for in our next CIO. His drive, deep knowledge of the markets, and commitment to exploring comprehensive investment options on behalf of clients aligns very well with our culture,” said Mark Jordahl, president of U.S. Bank Wealth Administration. “We are excited to welcome Eric to our leadership team. Culturally, he is a great fit for U.S. Bank and represents our core values extremely well. I am confident he is the right person to guide us toward our aims and deliver on client expectations.”

Nutanix Inc (NASDAQ:NTNX), jumped 6.77% and closed at $34.70 in the last trading session. The last trading range of the stock ranges between $31.30 and $35.90. During the 52-week trading session the minimum price at which share price traded, registered at $26.10 and reached to max level of $46.78. Nutanix (NTNX), the next-generation enterprise cloud platform company, recently declared that Gartner, Inc. has positioned Nutanix as a leader in the 2016 Gartner Magic Quadrant for Integrated Systems for the second successive year. Nutanix believes its continued placement in the Leaders Quadrant is strong validation of its vision to deliver a true enterprise cloud platform which can support the increasing demands of modern businesses.

In order to drive value from their IT infrastructure, enterprises require approaches that collapse the resource silos created by legacy infrastructure and eliminate datacenter complexity. By natively integrating compute, virtualization and storage into a resilient, software-defined solution, the Nutanix enterprise cloud platform gives enterprises the agility, pay-as-you-grow consumption and operational simplicity of the public cloud without compromising the predictability, security and control of on-premises infrastructure. This approach frees enterprises from the constraints of legacy infrastructure and allows them to deliver value back to their business through continuous innovation. And according to Gartner, “twenty percent of mission-critical applications presently deployed on three-tier IT infrastructure will transition to HCISs by 2020.”

Leave a Reply

Your email address will not be published. Required fields are marked *