The company will release its new Surface Pro 3 tablet on Saturday, though it said it would have some units available for purchase on Friday. The tablet is larger, thinner and lighter than its predecessor, and Microsoft has touted the Surface Pro 3 as a laptop replacement.
Forbes also reports Microsoft has plans to debut a new device next week, likely the new Nokia X2 handset. A countdown posted on the Nokia Conversations Blog suggests a new device launch on Tuesday, June 24.
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The stock was up 0.6% to $41.76 at 11:18 a.m.
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 largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, increase in stock price during the past year and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."