Microsoft (MSFT) Stock Rises During Management Reorganization
NEW YORK (TheStreet) -- Microsoft (MSFT) - Get Report stock is up 0.14% to $51.45 today as the executive team prepares for an unconventional reorganization after COO Kevin Turner leaves the company.
CEO Satya Nadella announced today that rather than appoint a new COO in Turner's place, he would instead be electing two executives to cover the job's responsibilities.
Turner's successors, Jean-Phillipe Courtois and Judson Althoff, will report directly to Nadella.
Courtois will cover global sales, marketing and operations. Althoff will be responsible for the worldwide commercial business.
Other executives currently under Nadella's charge will also be taking portions of Turner's prior responsibilities.
Turner had been with Microsoft for more than 10 years and will become CEO of Citadel LLC, a Chicago-based financial services firm.
Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B+.
The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins.
TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: MSFT
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.