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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
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February 26, 2015
09:00 EDTMUMicron management to meet with Deutsche Bank
Meeting to be held in Boston on February 26 hosted by Deutsche Bank.
February 25, 2015
07:56 EDTMUMicron management to meet with Deutsche Bank
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February 24, 2015
14:35 EDTMUMicron retreats amid pricing, Apple worries but analysts defend shares
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12:42 EDTMUOn The Fly: Midday Wrap
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12:26 EDTMUMicron weakness a buying opportunity, says Sterne Agee
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12:15 EDTMUMicron sell-off 'totally unwarranted,' says Summit Research
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11:48 EDTMUMicron says not seeing pricing decline alluded to in 'boutique firm' report
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11:40 EDTMUStocks with call strike movement; MU EBAY
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11:38 EDTMUMicron pullback a buying opportunity, says JPMorgan
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10:43 EDTMUMicron drop on Apple speculation presents buying opportunity, says Stifel
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09:46 EDTMUMicron falls sharply, levels to watch
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09:46 EDTMUMicron's May guidance looks increasingly challenged, says Cleveland Research
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February 23, 2015
10:38 EDTMUMicron management to meet with Pacific Crest
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February 18, 2015
08:19 EDTMUMicron profitability can improve meaningfully, says Bernstein
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February 17, 2015
17:13 EDTMUPoint72 gives quarterly update on stakes
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10:00 EDTMUOn The Fly: Analyst Upgrade Summary
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09:56 EDTMUMicron rises, levels to watch
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07:41 EDTMUMicron price target raised to $45 from $42 at Jefferies
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07:10 EDTMUMicron upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Micron to Outperform with a $40 price target based on expectations memory medium-term pricing trends will remain stable given structural supply constraints, which could result in $5B in free-cash-flow in CY16.

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