Microsoft (MSFT) Stock Rises After Winning Data Security Case

NEW YORK (TheStreet) -- Shares of Microsoft  (MSFT) are climbing 0.36% to $53.71 in mid-afternoon trading on Thursday after the company won a federal appeals court ruling that determined a data warrant didn't apply to information stored on servers overseas.
Microsoft had been challenging a 2013 warrant from a federal judge in New York seeking the email contents of a suspect in a drug trafficking investigation, the Wall Street Journal reports.
Some of the data were stored in Microsoft computers in Ireland, and Microsoft contended that it shouldn't have to comply with a U.S. court order for data outside of the country.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B+.
Microsoft's strengths such as its reasonable valuation levels, good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: MSFT
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.