The stock rise was a function of changing analyst ratios - not changing fundamentals. Ballmer grew the company like a machine during his tenure. Satya has bee

The stock rise was a function of changing analyst ratios - not changing fundamentals. Ballmer grew the company like a machine during his tenure. Satya has been iffy, in fact, without 2018 numbers, quite unstable in fact. It's just that that 2018 numbers were good enough to bring everything back to nice growth. Without a lot of movement in P/E ratios, both CEO's would have really been doing about the same. Basically, the stock was held back for whatever reason during Ballmer years, even as sales were growing well. Then when Satya took over the ratios changed and the stock flipped up like an elastic. Satya's a good guy and the right choice but I don't think he's done anything quite fundamentally important yet relative to Ballmer.