NEW YORK (TheStreet) -- Microsoft (MSFT) - Get Report stock is advancing 0.06% to $46.73 in Friday's after-hours trading after the company said that in the first 24 hours of offering a free Windows 10 upgrade to existing customers, more than 14 million devices were running the upgrade, The Wall Street Journal reports. 

"We still have many more upgrades to go before we catch up to each of you that reserved your upgrade," Microsoft stated.

This comes after the company said in early July that it will launch its new upgraded operating system Windows 10. It's the first time the software giant is giving away its flagship operating system free of charge for a limited time to PC owners, The Wall Street Journal said.

With the new system, users will be able to switch seamlessly between personal computers, tablets, smartphones and other gadgets.

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

"We rate MICROSOFT CORP (MSFT) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

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

  • The gross profit margin for MICROSOFT CORP is currently very high, coming in at 73.06%. Regardless of MSFT's high profit margin, it has managed to decrease from the same period last year.
  • After a year of stock price fluctuations, the net result is that MSFT's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. 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.
  • Despite currently having a low debt-to-equity ratio of 0.44, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Despite the fact that MSFT's debt-to-equity ratio is mixed in its results, the company's quick ratio of 2.30 is high and demonstrates strong liquidity.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 11.5%. Since the same quarter one year prior, revenues slightly dropped by 3.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • You can view the full analysis from the report here: MSFT Ratings Report