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How Microsoft's Edge Browser Could Impact MSFT and Alphabet Stock Prices

Microsoft's (MSFT - Get Report) Internet Explorer has long been the leading browser in terms of market share, but the 20-year-old product has been showing its age for a while now. To shake things up and fight back encroaching competitors, Microsoft launched the Edge browser with its Windows 10 operating system to recapture market share.

So far, progress has been underwhelming as Microsoft continues to lose market share to Alphabet's (GOOGL - Get Report) Chrome browser. This decline could prove to have big ramifications on Microsoft's stock.

Microsoft has been enjoying a steady rise in share prices in the past five years. The company likely will never be as strong as it once was in browsers, operating systems and other sectors, but it's shown it's willing to experiment with new revenue models and products. If those products don't catch on, however, investors may lose patience. The browser wars thus become critical in showing Microsoft can see gains with a new innovation.

Must Read: Why Microsoft Is Suing the Justice Department -- Tech Roundup

Alphabet stock is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells GOOGL? Learn more now.

Why the Browser Battle Matters

For Microsoft, more people using its browsers means more searches on the Bing search engine. Google search comes default on the Chrome browser, so if Edge and Internet Explorer lose that battle, it means less revenue for...