New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For SSNLF;MU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | all recent news | >>
September 25, 2014
16:19 EDTMUMicron says Q4 consolidated gross margin declined vs. Q3
Subscribe for More Information
16:02 EDTMUMicron reports Q4 EPS 82c, consensus 81c
Subscribe for More Information
15:48 EDTMUMicron technical comments ahead of results
Subscribe for More Information
15:34 EDTMUMicron September weekly 31 straddle priced for 6.8% move into Q4
15:29 EDTMUNotable companies reporting after market close
Subscribe for More Information
12:29 EDTMUEarnings Preview: Several analysts positive on Micron ahead of Q4 report
Micron (MU) is expected to report fourth quarter earnings after the close on Thursday, September 25, with a conference call scheduled for 4:30 pm ET. Micron manufactures semiconductor devices, principally DRAM, NAND Flash and NOR Flash memory. EXPECTATIONS: Analysts are looking for earnings per share of 81c on revenue of $4.15B. The consensus range is 66c-$1.03 for EPS on revenue of $4.05B-$4.3B, according to First Call. LAST QUARTER: On June 23, Micron reported third quarter EPS of 79c, compared to the 70c consensus estimate of analysts. Micron's quarterly revenue of $3.98B beat expectations for $3.89B. Revenues for both DRAM and NAND Flash products were down slightly for the quarter compared to the prior quarter. The company’s overall consolidated gross margin of 34% for the third quarter was consistent with the second quarter, as mix-related decreases in average selling prices were essentially offset by corresponding decreases in manufacturing costs. STREET RESEARCH: On the day after its last report, Needham upgraded Micron to Strong Buy from Buy and raised its price target for the shares to $50 from $40. The firm said then that it expected NAND gross margins to improve in 2015 and recommended investors look past the company's Q4 margin guidance. On July 31, Goldman and Sterne Agee issued competing views on how comments from Samsung could impact Micron. On that day, Sterne Agee reported that Samsung said its DRAM bit growth in the second half of 2014 would be limited, while its 2015 bit growth will drop compared to this year. The firm saw the guidance as "a major positive" for Micron and SanDisk (SNDK) and kept Buy ratings on both. However, Goldman said Samsung's increased DRAM bit supply growth forecast was an incremental negative for Micron. Goldman continues to have a Neutral rating on shares of Micron. More recently, Sterne Agee said Micron's stock has lagged due to concerns about potentially weaker Q4 DRAM prices and worries about NAND seasonality. The firm thinks these concerns are misplaced and continues to view Micron as a beneficiary of industry consolidation over the long-term. The firm keeps a $40 price target and Buy rating on Micron. Wedbush said it expects Micron's Q4 results to beat consensus expectations and for the company to provide upbeat commentary. The firm thinks that investor sentiment towards the stock has stalled on concerns about unfavorable DRAM supply/demand dynamics in 2015. However, Wedbush remains bullish on memory market dynamics heading into 2015 and keeps a $37 price target and Outperform rating on the shares. UBS believes DRAM and NAND average selling price trends continue to be favorable for Micron in the near to medium term and that the company should report Q4 EPS and revenue that are in line with consensus or better. The firm maintains its Buy rating on Micron and raised its price target on the stock to $36 from $35 ahead of tonight's Q4 report. PRICE ACTION: Since the day after last quarter's report, shares of Micron have advanced about 1%. Ahead of tonight's report, Micron was down over 2% to $31.54 in afternoon trading.
09:06 EDTMUMicron volatility increases into Q4 an outlook
Subscribe for More Information
07:46 EDTMUMicron Q4 results should be in line or better, says UBS
UBS believes DRAM and NAND average selling price trends continue to be favorable for Micron in the near to medium term and that the company should report Q4 EPS and revenue that are in line with consensus or better. The firm maintains its Buy rating on Micron and raised its price target on the stock to $36 from $35 ahead of tonight's Q4 report.
06:07 EDTSSNLFGlobal tablet sales momentum to slow down in 2015, DigiTimes reports
Subscribe for More Information
September 24, 2014
15:26 EDTMUMicron September weekly 32 straddle priced for 6.6% move into Q4
Subscribe for More Information
11:16 EDTMUMicron volatility increases into Q4 an outlook
Subscribe for More Information
09:23 EDTMUMicron shares should be bought into earnings, says Sterne Agee
Subscribe for More Information
06:46 EDTSSNLFSamsung to exit laptop business in Europe, PCAdvisor reports
Samsung plans to exit its laptop market, including Chromebooks, in Europe although it will not affect its computer business in other regions, reports PCAdvisor. In a statement obtained by PCAdvisor, a company spokesman said "We quickly adapt to market needs and demands. In Europe, we will be discontinuing sales of laptops including Chromebooks for now. This is specific to the region – and is not necessarily reflective of conditions in other markets." Reference Link
06:26 EDTSSNLFSamsung to incorporate Tizen to home-use electronics in 2015, DigiTimes says
Samsung plans to incorporate Tizen OS in its home-use electronics and LCD TVs in 2015, reports DigiTimes. According to Taiwan-based supply chain makers, the company is attempting to boost the penetration of Tizen using its global market status and to set up a platform for developing the Internet of Things. Reference Link
06:23 EDTMUMicron in talks with PTI for IC packaging/testing firm, DigiTimes reports
Subscribe for More Information
05:03 EDTSSNLFAT&T to offer Samsung Gear S
Subscribe for More Information
September 23, 2014
12:58 EDTSSNLFSamsung still supplying 40% of A8 chips for iPhone 6, 6 Plus, Re/code says
Subscribe for More Information
09:10 EDTMUMicron should deliver beat and raise results, says Wedbush
Wedbush expects Micron to report beat and raise Q4 results and provide upbeat commentary. The firm thinks that investor sentiment towards the name has stalled on concerns about unfavorable DRAM supply/demand dynamics in 2015. However, Wedbush remains bullish on the memory market supply/demand dynamics heading into 2015. It keeps a $37 price target and Outperform rating on the shares.
07:28 EDTSSNLFBlackBerry prices 'Passport' below competing high-end smartphones, WSJ says
BlackBerry, whose Passport smartphone marks its first global launch since its BB10 operating system, is pricing the new phone at $599 in the U.S. without subsidies, which is below Apple's (AAPL) iPhone 6, which starts at $649 without contract, and Samsung's (SSNLF) Galaxy S5, which was similarly priced at about $650 at launch, reported The Wall Street Journal. Reference Link
September 22, 2014
09:03 EDTMUMicron margin poised to expand, says Stifel
Subscribe for More Information
<< 1 | 2 | 3 | all recent news | >>

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