How Will Microsoft (MSFT) Stock React to France's Data Collection Order?
NEW YORK (TheStreet) -- Microsoft (MSFT) - Get Report is under fire this afternoon as the French data protection authority issued a formal notice to the company to cease collecting unnecessary data from its users without their consent, Reuters reports.
The chair of the National Data Protection Commission gave the company three months to comply with France's law.
Microsoft is reportedly collecting data and tracking users' browsing patterns without consent.
Also, the company reported 2016 second quarter earnings that beat analyst's expectations after the market closed on Tuesday.
Earnings for the Redmond, WA-based company were 69 cents per share vs. estimates of 58 cents per share. Revenue for the period was $22.6 billion, topping analysts' suggestions of $22.2 billion.
Microsoft stock is up 6.57% to $56.58 this afternoon.
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.