Susquehanna Remains Positive on Micron Technology (MU) as Industry Fundamentals Improve
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Go back to Susquehanna Remains Positive on Micron Technology (MU) as Industry Fundamentals Improve
July 1, 2016 7:54 AM EDT
Baird analyst, Tristan Gerra, believes an improving NAND environment could result in an industry capacity shift from DRAM to NAND, a relative improvement in supply/demand dynamics for DRAM this year, and cost improvements driven by a higher mix of 20nm-based DRAM and the ramp of 3D NAND flash.... More
July 1, 2016 7:49 AM EDT
By Lewis Krauskopf
NEW YORK (Reuters) - The major U.S. stock indexes rose modestly on Friday, for a fourth straight day of gains, helped by encouraging U.S. manufacturing data.
The S&P 500 tallied its best week since November, staging a strong rebound from its worst two-day decline in 10 months sparked by Britain's shock vote last week to leave the European Union. The indexes have erased almost all their losses stemming from the "Brexit" vote.
"Clearly, people have assessed that either, one, it's not a big deal, or, two, its not going to... More
July 1, 2016 6:36 AM EDT
Cowen and Company affirms Micron Technology (Nasdaq: MU) with an Outperform rating and $15 price target following Q3 results and outlook issued by the company on Thursday night.
Analyst Tim Arcuri commented Friday: While guidance was below even our Street-low and... More
July 1, 2016 6:31 AM EDT
Micron Technology (NASDAQ: MU) is recently down $1.25 to $12.51 in the premarket after reporting less than expected Q3 results and guidance. July weekly call option implied volatility is at 168, July is at 59, August is at 52; compared to its 52-week range of 35 to 84.
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June 30, 2016 5:58 PM EDT
Today's After-Hours Movers
Franklin Covey (NYSE: FC) 15.1% LOWER; reported Q3 EPS of ($0.07), $0.15 worse than the analyst estimate of... More
June 30, 2016 4:11 PM EDT
(Reuters) - Memory-chip maker Micron Technology Inc (NASDAQ: MU) said it would lower costs, including by cutting jobs and focusing on fewer programs, after its hopes of reversing its fortunes this year were thwarted by a persistently challenging market.
Demand for Micron's DRAM chips for personal computers has continued to fall, while it faces stiff competition from rivals such as Samsung in the market of NAND chips for devices like smartphones.
Micron's sales have fallen more than expected for three quarters now including the latest third quarter, and the company on... More
June 30, 2016 4:11 PM EDT
Micron Technology (NASDAQ: MU) sees Q4 adjusted loss of $0.24 - $0.16 per share and revenue of $2.9 - $3.2 billion. The Street sees Q4 EPS of $0.04 and revenue of $3.2 billion.
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June 30, 2016 4:03 PM EDT
Micron Technology (NASDAQ: MU) reported Q3 EPS of ($0.08), $0.01 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.96 billion.
"Although we have made good progress in deploying our advanced DRAM and NAND technologies, we continue to face challenging market conditions," said Micron CEO Mark Durcan. "To address the current market... More
June 30, 2016 3:38 PM EDT
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June 30, 2016 3:19 PM EDT
Micron Technology (NASDAQ: MU) July weekly call option implied volatility is at 160, July is at 60, August is at 52; compared to its 52-week range of 35 to 84 into the expected release of Q3. Call put ration is 2.5 calls to 1 puts.
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June 30, 2016 11:05 AM EDT
RT Options Scanner shows: Citigroup (NYSE: C) October 47.50 call option implied volatility decreased 4% to 31, Micron (NYSE: MU) October 16 call option implied volatility increased 2% to 49 according to IVolatility.
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