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Nasdaq Markets

KFC to Test Plant-Based Chicken Nuggets in China

6 years 5 months ago
Yum! Brands' (NYSE: YUM) chain Kentucky Fried Chicken launched plant-based protein in a handful of its U.S. restaurants in August 2019. Provided by Beyond Meat (NASDAQ: BYND), the "Beyond Fried Chicken" pilot program is being tested for an eventual nationwide rollout as interest
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Why Live Nation Stock Popped Today

6 years 5 months ago
What happened Shares of Live Nation (NYSE: LYV) have popped today, up by 10% as of 1:50 p.m. EDT, after Saudi Arabia's sovereign wealth fund disclosed that it had acquired a 5.7% stake in the live event specialist. The stake is valued at around $500 million.
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Why Ford Motor Stock Is Rising Today

6 years 5 months ago
What happened Shares of Ford Motor (NYSE: F) were rising on Monday, a day before the company's scheduled first-quarter earnings report, on growing-but-cautious investor optimism about Ford's prospects for the next few months.
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Swiss Market Ends On Firm Note

6 years 5 months ago
(RTTNews) - The Switzerland stock market ended on a firm note on Monday, in line with the trend seen across Europe, with investors reacting positively news about several countries in the continent relaxing lockdown restrictions, and on hopes global central banks will step up sti
RTTNews

Why Shares of AudioCodes Soared Today

6 years 5 months ago
What happened Shares of AudioCodes (NASDAQ: AUDC) jumped on Monday after the provider of voice-networking and media-processing solutions reported its first-quarter results. AudioCodes beat analyst estimates for both revenue and earnings, and it said it remains on track to meet i
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Microsoft Scores Five-Year Software Deal With Coca-Cola

6 years 5 months ago

Microsoft Corp. (MSFT) scored a five-year strategic deal to provide Coca-Cola Co. (KO) with its business software.

Under the terms of the partnership agreement, Coca-Cola will use a string of Microsoft’s products including Azure, Dynamics 365, its sales software, Microsoft 365 cloud services, as well as its business messaging application Microsoft Teams. Coca-Cola seeks technology solutions to gain new insights from data across the enterprise, enabling a 360-degree view of the business, and providing enhanced customer and employee experiences, it said.

"Innovation and growth are key pillars of our business," said Barry Simpson, senior vice president and chief information and integrated services officer at Coca-Cola. "This partnership with Microsoft allows us to really step change our employee experience through replacing previously disparate and fragmented systems. These platforms allow us to deliver relevant, personalized experiences as we network our organization."

Once Microsoft’s business software is deployed, Coca-Cola’s call center managers will be able to use Dynamics 365 artificial intelligence-driven insights to monitor performance metrics for overall employee satisfaction scores and benefit from real-time insights into which call topics are driving scores.

Moreover, the Atlanta-based beverage giant is leveraging Microsoft’s collaboration technologies to meet the demands of a largely remote workforce due to the COVID-19 pandemic. Hence, Coca-Cola will roll out Microsoft 365 and Microsoft Teams worldwide, equipping employees with a single hub to connect and work across chat, calling, meetings and documents.

Coca-Cola shares advanced 3% to $46.76 in early afternoon U.S. trading, while Microsoft fell less than 1% to $173.95.

Wall Street analysts have a Strong Buy consensus rating on Microsoft’s stock based on 27 Buys and 1 Hold assigned in the last three months. The $190.71 average price target provides investors with a 9.6% gain in the shares should it be met in the coming 12 months. (See Microsoft stock analysis on TipRanks)

Related News:
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RBC Capital Picks Pepsi Over Coca Cola Ahead of Q1 Earnings
Apple Delaying iPhone 12 Mass Production By One Month- Report

TipRanks

Here's Why Verastem Oncology Is Tanking Today

6 years 5 months ago
What happened Shares of Verastem Oncology (NASDAQ: VSTM), a biotechnology company developing novel cancer therapies, are sliding after a highly anticipated data drop failed to impress investors. Shares of the biotech stock were down 42.9% as of 12:12 p.m. EDT on Monday.
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