Microsoft Stock Up On Nadella News; Unknown Who Takes Over Satya’s Old Job

Microsoft stock is up almost 1.3% ($36.94) on the news that Satya Nadella has been named CEO.  This is a good sign that Wall Street seems to be accepting the board’s pick.  Wall Street sees this pick as a sign Microsoft will be more enterprise focused considering Satya Nadella’s old position was EVP of Cloud & Enterprise.

Microsoft has not commented on who will be replacing Satya Nadella’s old job as head of Cloud & Enterprise, although there is some speculation that Scott Guthrie might be a good candidate.