NEW YORK (TheStreet) -- Microsoft (MSFT) hit a one-year high of $39.90 as of 11 a.m. on Tuesday amid reports that CEO Satya Nadella plans to introduce its Microsoft Office software suite for iPad on Thursday, March 27.
Reuters reports through a source close to the situation that Nadella would use his first major press appearance, an event in San Francisco at which he will address media and industry executives, to announce a version of Microsoft's most profitable product compatible with Apple's (AAPL) iPad tablets.
Investors have pressured Microsoft to adapt Office for Apple and Google (GOOG) mobile devices as PC sales decrease, but Microsoft had hesitated to do so because it did not want to damage its Windows PC operating software. Analysts estimate that Microsoft leaves $2.5 billion in revenue on the table by keeping Office off of the iPad, which has sold nearly 200 million units.
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, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."