Microsoft said some of the hackers involved in the cyberespionage sweep aimed at the U.S. tech giant's SharePoint servers are now using ransomware, a potential escalation in the wide-ranging spy campaign.
Microsoft identified three China-based hacking groups targeting SharePoint vulnerabilities in the ongoing cyberattack, and urged customers to ensure they've applied security updates.
Microsoft (MSFT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Microsoft (NASDAQ:MSFT) has excelled this year, with its stock climbing over 20%. This notably exceeds the broader market performance, as the S&P 500 is up 7%, and competitors like Amazon have achieved just a 5% increase, while Google has gained less than 1%.
In the 1990s, the U.S. called Microsoft a bullying monopoly and sought to rein it in. The company lost in a landmark decision, but emerged intact.
Microsoft Corp (NASDAQ:MSFT) will report its fiscal fourth quarter earnings next week and Bank of America analysts are optimistic that the company will deliver solid results and potentially a modest revenue beat as momentum continues to build in its cloud and AI-driven segments. The analysts raised their price objective on Microsoft ahead of the report to $585 from $515.
Alphabet ( GOOGL ) heads into its second-quarter earnings report on July 23 with something to prove. While the stock is flat year-to-date, lagging significantly behind Nvidia ( NVDA ), Microsoft ( MSFT ) and Meta Platforms ( META ), it is in line with the performance of Amazon ( AMZN ) and much better than Tesla ( TSLA ) and Apple ( AAPL ).
Mustafa Suleyman's Microsoft artificial intelligence organization has been picking up talent from Google DeepMind, where he spent several years. Google's Gemini assistant rivals Microsoft's Copilot for consumers.
Microsoft said three hacking groups tied to China have tried to exploit a vulnerability that affected some versions of its SharePoint collaboration software. Attackers in China also sought to exploit a vulnerability in Microsoft's Exchange Server software four years ago.
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On July 19, Microsoft alerted users that it was experiencing an active cyberattack on its SharePoint servers, which allow organizations to share and manage documents.
A global attack on Microsoft server software used by thousands of government agencies and businesses to share documents within organisations is likely the work of a single actor, a cybersecurity researcher said on Monday.