NEW YORK (TheStreet) -- Shares of Microsoft (MSFT) - Get Report are gaining 0.26% to $45.77 on Friday after CEO Satya Nadella stated a new mission statement and outlook for 2016 fiscal year. 

"Our mission is to empower every person and every organization on the planet to achieve more," Nadella wrote in an email to his staff, Fortune reports.

The company's new focus is mobile and its future is in the cloud, as the CEO aims to put the company's productivity services on many different devices, Fortune added.

Separately, the tech giant plans to send augmented reality HoloLens glasses into orbit to help astronauts, reports.

The collaboration with NASA is called "Sidekick," which is meant to be a "virtual aid to astronauts working off the Earth, for the Earth," the space agency stated.

HoloLens projects holographic images onto the environment, allowing people to interact with them. NASA astronauts will use Microsoft-owned Skype via HoloLens so that the ground operators can help crew members by offering them real-time guidance, said.

Previously, astronauts simply had to rely on written and voice instructions to complete complex repair tasks, stated.

Separately, TheStreet Ratings team rates MICROSOFT CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The revenue growth came in higher than the industry average of 7.2%. Since the same quarter one year prior, revenues slightly increased by 6.5%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Despite currently having a low debt-to-equity ratio of 0.35, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 2.65 is very high and demonstrates very strong liquidity.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The gross profit margin for MICROSOFT CORP is currently very high, coming in at 74.02%. Regardless of MSFT's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, MSFT's net profit margin of 22.94% compares favorably to the industry average.
  • You can view the full analysis from the report here: MSFT Ratings Report