Brean Capital Raises Price Target on Micron Technology (MU) Following 1Q Earnings Report
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Pre-Open Stock Movers 12/22: (TKAI) (GSAT) (EYES) Higher; (OVAS) (RHT) (MLHR) Lower (more...)
December 22, 2016 9:25 AM ESTToday's Pre-Open Movers
Tokai Pharmaceuticals Inc. (NASDAQ: TKAI) 40.6% HIGHER; The company and Otic Pharma Ltd., a privately-held, clinical-stage pharmaceutical company focusing on the development and commercialization of products for disorders of the ear, nose, and throat (ENT), today announced that the two companies, together with the shareholders of Otic... More
Deutsche Bank Raises Price Target on Micron Technology (MU) to $26 Following 1Q
December 22, 2016 8:25 AM ESTDeutsche Bank reiterated a Buy rating on Micron Technology (NASDAQ: MU), and raised the price target to $26.00 (from $24.00), following the company's 1Q earnings report.
Analyst... More
Micron Technology (MU): Results Continuing to Improve, Raising PT - Wells Fargo
December 22, 2016 8:01 AM ESTWells Fargo analyst, David Wong, reiterated his Outperform rating on shares of Micron Technology (NASDAQ: MU ) and raised his valuation range to $25 to $30 from $20 to $24 after the company reported November quarter results showing strong revenue and gross margin momentum, with an additional sequential jump in sales and gross margin expected in the seasonally weak February... More
Retailers weigh on Wall Street, Dow 20,000 slips away
December 22, 2016 7:32 AM ESTBy Noel Randewich
(Reuters) - U.S. stocks fell on Thursday, weighed down by weakness in retailers, as investors stepped back from a recent rally fueled by optimism that President-elect Donald Trump will invigorate economic growth.
The decline pulled the Dow Jones industrial average further away from the 20,000 mark after it nearly breached that level this week for the first time.
Retail stocks fell after CNN reported Trump's transition team is considering a tariff of as much as 10 percent on imports. The S&P 500 consumer discretionary index lost 1.01 percent, its biggest one-day decline since October.
... MoreNeedham & Company Upgrades Micron Technology (MU) Two-Notches to Buy, $33 PT
December 22, 2016 7:08 AM ESTNeedham & Company upgraded Micron Technology (NASDAQ: MU) from Underperform to Buy with a price target of $33.00.
Analyst Rajvindra Gill commented, "We believe MU has regained its customer positioning in 20nm, is successfully migrating to 3D NAND (2nd gen 64-layer) and is benefiting from a... More
Micron Technology (MU) December weekly volatility elevated into reporting better than expected Q1
December 22, 2016 6:42 AM ESTMicron Technology (NASDAQ: MU) December weekly call option implied volatility is at 95, January is at 43; compared to its 52-week range of 38 to 84 into reporting better than expected Q1 results.
... MoreMicron (MU) PT Bumped to $25 at Susquehanna
December 22, 2016 6:23 AM ESTSusquehanna analyst Mehdi Hosseini reiterated a Positive rating and bumped estimates and his price target on Micron Technology (NASDAQ: MU) to $25.00 (from $24.00).
Hosseini commented, "As was expected, MU's report and guide well exceeded consensus estimates. Stock is up by more than 2x since the trough of earlier this year (around $10), as it has dialed in earnings power of ~$2.50. So,... More
Micron (MU) PT Lifted to $25 at Baird
December 22, 2016 6:09 AM ESTBaird analyst Tristan Gerra reiterated an Outperform rating and boosted his price target on Micron Technology (NASDAQ: MU) to $25.00 (from $22.00) on a promising initial supply/demand outlook for both DRAM and NAND for C2017.
Gerra commented, "DRAM environment should be marked by lack... More
Micron Technology (MU) PT Raised to $27 at Mizuho
December 22, 2016 6:00 AM ESTMizuho Securities analyst Vijay Rakesh reiterated a Buy rating and raised his price target on Micron Technology (NASDAQ: MU) to $27.00 (from $22.00) following solid results and GM guidance.
Rakesh commented, "Micron reported a strong NovQ in line with its positive preannouncement, and... More
Micron (MU) Q1: Better Than Expected, Analysts Rejoice
December 22, 2016 5:49 AM ESTFollowing the closing bell on Wednesday Micron (NYSE: MU) reported Q1 adjusted EPS of $0.32 versus expectations of $0.28. Revenues also outperformed expectations at $3.97 billion versus $3.95 billion. Management guided Q2 2017 EPS to a range of $0.58 to $0.68 and sales to a range of $4.35 billion to $4.70 billion.
Sell-side analysts rejoiced in notes to client about continued health in the memory market... More
Options expected to have Increasing volume: MU BBBY XOMA AMD RHT
December 22, 2016 5:16 AM ESTOptions expected to have Increasing volume: MU BBBY XOMA AMD RHT
... MoreAfter-Hours Stock Movers 12/21: (XOMA) (MU) Higher; (OVAS) (RHT) (MLHR) Lower (more...)
December 21, 2016 5:45 PM ESTToday's After-Hours Movers
OvaScience (NASDAQ: OVAS) 32.7% LOWER; The Company will continue to make AUGMENTSM available to patients at partner clinics in Canada and Japan and maintain its current commercial footprint. However, the Company will slow its commercial expansion, reassess its ongoing and planned clinical studies of AUGMENT, and undertake a corporate restructuring. These changes will enable the Company to extend its cash position into the first quarter of 2019 and increase its focus on the development of OvaPrimeSM and OvaTureSM. In connection with this shift in strategy, President and... More
Chipmaker Micron's forecast powered by improving PC market
December 21, 2016 4:18 PM EST(Reuters) - Micron Technology Inc (NASDAQ: MU) forecast current-quarter revenue and profit above estimates as a stabilizing PC market spurs demand and boosts prices of its memory chips.
Shares of the company, which also posted its first rise in quarterly revenue in nearly two years, were up about 10 percent at $22.55 in after-market trading on Wednesday.
Micron, which makes dynamic random access memory (DRAM) chips used in personal computers, is benefiting from an improving PC market at a time when supplies remain... More
Micron Technology's (MU) Q2 Guidance Tops Views
December 21, 2016 4:10 PM ESTMicron Technology (NASDAQ: MU) sees Q2 EPS of $0.58-$0.68 vs consensus of $0.46. Revenue is seen at $4.35B-$4.70B vs consensus of $4.13B.
FQ2 2017 Guidance NON-GAAP
Revenue $4.35 $4.70 billionGross margin 31% 34%Operating expenses $590 $640 millionOperating income $800 $900 millionDiluted EPS* $0.58 $0.68... More
Micron Technology (MU) Tops Q1 EPS by 4c, Q2 Guidance Tops Views
December 21, 2016 4:03 PM EST(Updated - December 21, 2016 4:14 PM EST)
Micron Technology (NASDAQ: MU) reported Q1 EPS of $0.32, $0.04 better than the analyst estimate of $0.28. Revenue for the quarter came in at $3.97 billion versus the consensus estimate of $3.96 billion.
"Positive market momentum, driven by favorable demand trends and... More
Micron (MU) December weekly 20.50 straddle priced for movement of 5.3% into Q1
December 21, 2016 3:22 PM ESTMicron Technology (NASDAQ: MU) December weekly 20.50 straddle priced for movement of 5.3% into Q1
... MoreMicron Technology (MU) volatility elevated into Q1 and outlook
December 21, 2016 1:14 PM ESTMicron Technology (NASDAQ: MU) December weekly call option implied volatility is at 94, January is at 43; compared to its 52-week range of 38 to 84 into reporting Q1 and outlook. December weekly 20.50 and January 23 calls are active on total call volume of 46K contracts (20K puts)
... MoreSummit Redstone Upgrades Micron Technology (MU) to Buy (Earlier)
December 21, 2016 11:13 AM ESTSummit Redstone upgraded Micron Technology (NASDAQ: MU) from Sell to Buy with a price target of $26.00 (from $8.00).
For an analyst ratings summary and ratings history on Micron Technology click here. For more ratings news on Micron Technology click here.
Shares of Micron Technology closed at $20.65 yesterday.
... MoreStocks with call price movement; DB MU
December 21, 2016 10:33 AM ESTRT Options Scanner shows: Deutsche Bank (NYSE: DB) April 21 call option implied volatility increased 2% to 44, Micron Technology (NASDAQ: MU) April 23 call option implied volatility increased 2% to 45
... MoreMicron Technology (MU) December weekly volatility elevated into Q1 and outlook
December 21, 2016 6:30 AM ESTMicron Technology (NASDAQ: MU) December weekly call option implied volatility is at 82, January is at 43; compared to its 52-week range of 38 to 84 into reporting Q1 and outlook.
... MoreMicron Technology (MU) volatility elevated into Q1 and outlook
December 20, 2016 9:59 AM ESTMicron Technology (NASDAQ: MU) December weekly call option implied volatility is at 78, January is at 43; compared to its 52-week range of 38 to 84 into reporting Q1 and outlook.
... More