New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 20, 2012
15:06 EDTMUEarnings Preview: Micron looks to continue run, up 13% since last report
Micron (MU) is expected to report Q1 earnings after the close on Thursday, December 20, with a conference call scheduled for 4:30 pm ET. Micron manufactures semiconductor devices, principally Dynamic Random Access Memory, or DRAM, NAND Flash and NOR Flash memory... EXPECTATIONS: Analysts are looking for earnings per share of (20c) on revenue of $2.01B. The consensus range is (29c)-(3c) for EPS on revenue of $1.76B-$2.18B, according to First Call... LAST QUARTER: Micron suffered a Q4 loss that was worse than expected, reporting Q4 EPS (24c), compared to consensus of (22c). Q4 revenue also missed expectations at $1.96B, compared to consensus $2.12B. The company said sales of NAND Flash products were 12% lower in Q4 compared to Q3, due to an 11% decrease in sales volume. Also, Q4 DRAM sales were down 9% sequentially due to a 9% decrease in sales volume, while sales of NOR Flash products were approximately 12% of total net sales for Q4... RESEARCH AND REPORTS: Immediately following Micron's Q4 report, research firm RW Baird said Micron's valuation remained attractive and reiterated its Outperform rating and $10 price target. In recent days, DigiTimes, a news source focused on the semiconductor, electronics, computer and communications industries, reported that DRAM contract prices have increased 1%-2% in the first half of this month. DigiTimes also said NAND flash prices dropped 1%-2% in the first half of December... PRICE ACTION: Since the first day of trading after last quarter's report, shares of Micron have advanced about 13%. In late afternoon trading ahead of tonight's report, Micron is down 2c, or 0.29%, to $6.80.
News For MU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 12, 2016
11:10 EDTMUMicron targeting capital expenditures at about 30% of sales
Subscribe for More Information
February 9, 2016
16:09 EDTMUOptions Update; February 9, 2016
Subscribe for More Information
15:07 EDTMUOption volume leaders: FB AAPL BAC MSFT NFLX TWTR GE MU DIS TSLA CSCO C GM
Subscribe for More Information
February 8, 2016
11:36 EDTMUMicron tumbles, levels to watch
Subscribe for More Information
February 5, 2016
10:32 EDTMUMicron to host analyst meeting
Subscribe for More Information
February 3, 2016
09:41 EDTMUMicron has further downside risk, says Cleveland Research
Cleveland Research said the imbalance in DRAM supply/demand is expected to worsen in Q1 as demand slows seasonally and additional supply comes online, and is expected to exceed demand throughout the year. Analyst Kevin Rottinghaus expects further pricing pressure through the first half of 2016, which will further impact Micron's margins. NAND is also expected to remain oversupplied for the first half of 2016 and pricing is to remain aggressive. Rottinghause does not believe Micron can compete in NAND on a cost basis and expects DRAM to be the bulk of the company's profits.
February 2, 2016
08:52 EDTMUTsinghua rumored to build DRAM fab, invite Micron to invest, DigiTimes reports
Subscribe for More Information
February 1, 2016
10:52 EDTMUActive puts; AAPL SPY TWTR MU UVXY
Active puts @ CBOE: SPY 2/19/16 192, TWTR 2/12/16 15, UVXY 3/18/16 33, AAPL 2/19/16 91, MU 2/5/16 9.50
10:00 EDTMUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air Products (APD) upgraded to Buy from Neutral at UBS... American Airlines (AAL) upgraded to Outperform from Market Perform at Cowen... Axiall (AXLL) upgraded to Overweight from Neutral at JPMorgan... BASF (BASFY) upgraded to Buy from Hold at Societe Generale... CNH Industrial (CNHI) upgraded to Neutral from Underperform at BofA/Merrill... CU Bancorp (CUNB) upgraded to Outperform from Market Perform at Fig Partners... CaixaBank (CAIXY) upgraded to Hold from Sell at Societe Generale... Chipotle (CMG) upgraded to Neutral from Underperform at BofA/Merrill... Concho Resources (CXO) upgraded to Buy from Neutral at SunTrust... Continental Building (CBPX) upgraded to Buy from Hold at BB&T... Eastman Chemical (EMN) upgraded to Buy from Outperform at CLSA... Extreme Networks (EXTR) upgraded to Buy from Hold at Needham... Glacier Bancorp (GBCI) upgraded to Outperform from Market Perform at Fig Partners... IBERIABANK (IBKC) upgraded to Strong Buy from Outperform at Raymond James... Infineon (IFNNY) upgraded to Buy from Neutral at UBS... Jarden (JAH) upgraded to Outperform from Market Perform at Raymond James... Joy Global (JOY) upgraded to Overweight from Equal Weight at Barclays... KT Corporation (KT) upgraded to Overweight from Neutral at JPMorgan... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... L-3 Communications (LLL) upgraded to Buy on valuation at BofA/Merrill... Maximus (MMS) upgraded to Outperform from Market Perform at Raymond James... Micron (MU) upgraded to Neutral from Sell at Goldman... Monster Beverage (MNST) upgraded to Outperform from Market Perform at Wells Fargo... Newell Rubbermaid (NWL) upgraded to Outperform from Market Perform at Raymond James... Northrop Grumman (NOC) upgraded to Buy from Neutral at BofA/Merrill... PTC (PTC) upgraded to Buy from Neutral at Sterne Agee CRT... Peoples Bancorp (PEBO) upgraded to Outperform from Neutral at Boenning & Scattergood... Praxair (PX) upgraded to Buy from Neutral at UBS... Proofpoint (PFPT) upgraded to Outperform from In-Line at Imperial Capital... Seagate (STX) upgraded to Hold from Sell at Benchmark... Siemens (SIEGY) upgraded to Buy from Neutral at Nomura... Superior Drilling (SDPI) upgraded to Buy from Hold at Wunderlich... Vertex (VRTX) upgraded to Buy from Hold at Jefferies... Werner (WERN) upgraded to Strong Buy from Outperform at Raymond James... ZAIS Financial (ZFC) upgraded to Overweight from Equal Weight at Barclays.
05:54 EDTMUMicron upgraded to Neutral from Sell at Goldman
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use