NEW YORK (TheStreet) -- Microsoft (MSFT) shares are flat at $46.86 in early market trading on Monday after the global technology company announced today that its much anticipated Windows 10 software upgrade will be released on July 29.
The operating system will be released as a free upgrade for customers using Windows 7 and Windows 8.1 on PCs and tablets and will be pre-installed on new Windows 10-ready devices.
Windows 10 will be made available on other devices later this year.
"Windows 10 starts to deliver on our vision of more personal computing, defined by trust in how we protect and respect your personal information, mobility of the experience across your devices, and natural interactions with your Windows devices, including speech, touch, ink and holograms," the company said.
Industry watchers are hoping that the latest iteration of operating system will provide a boost to flagging PC shipments which will drop 6.2% this year, research firm IDC said, according to Bloomberg.
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."