[PR Newswire] – TORONTO, May 10, 2016 /CNW/ – Microsoft Canada announced today that the Microsoft Cloud is now officially open to power even more Canadian businesses. With this announcement, Microsoft Azure is generally available from local datacentre regions located in Toronto and Quebec City, and Office 365 is now offering data residency for Canadian business customers. Microsoft’s highly secure, enterprise grade, hyper-scale cloud is now delivered from Canadian soil. Read more on this. Microsoft Corporation (MSFT) , currently valued at $401.04B, started trading this morning at $50.33. Looking at today’s market, MSFT one day range is $50.19 to $51.10 and has traded between $39.72 and $56.85 over the past year. Microsoft (MSFT) shares are currently priced at 18.94x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.35x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 2.86%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.58 per share, which would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. The full-year EPS estimate is $2.66, which would be a $0.20 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.17 Billion. If realized, that would be a 0.05% decrease over the year-ago quarter. More recently, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. When considering if the stock is under or overvalued, the average price target is $57.73, which is 14.70% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – How Microsoft CEO Satya Nadella plans to beat Amazon in the cloud Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Stock Still a Buy on Cloud Momentum (MSFT) Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft opens NY studio to showcase HoloLens headset