NEW YORK (TheStreet) -- Apple (AAPL) - Get Report stock is rising by 0.45% to $93.84 in afternoon trading on Thursday after the iPhone maker acquired education-technology startup LearnSprout, Bloomberg reports.
LearnSprout creates software that enables schools and teachers to track students' performance.
Apple is in the process of developing tools for the iPad that will allow students to work with interactive lessons, track their progress and share information with peers, Bloomberg notes.
Additionally, Apple released its fiscal 2016 first quarter financial results after Tuesday's market close. The company forecast for its first sales decline since 2003 following its slowest-ever rise in iPhone shipments, and shares consequently tumbled on Wednesday.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.
Apple's strengths such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, notable return on equity and expanding profit margins outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: AAPL
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 article's author.