
How Will Microsoft (MSFT) Stock React to Additional Job Cuts?
NEW YORK (TheStreet) -- Microsoft (MSFT) - Get Report will expand its previous job cuts plan to include 2,850 additional positions, CNBC reports.
The job cuts will occur during this year, according to a 10K filing.
In May, the Redmond, WA-based tech giant said it would cut up to 1,850 jobs in its smartphone unit, the New York Times reported.
Shares of Microsoft are lower by 0.02% to $56.20 in after-hours trading on Thursday.
About 37.25 million of the company's shares were traded today vs. its average 30-day volume of 36.66 million shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, notable return on equity, reasonable valuation levels and good cash flow from operations.
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.
You can view the full analysis from the report here: MSFT










