JUMP REPORT
| Avg Daily Volume: 19,498,948 Market Cap: 56.68B Sector: Technology Short Interest: None |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .47/share REV: 5,010/M
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LAST QTR: EPS: .49/share ACTUAL: .56/share (BEAT)
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NEXT QTR: EPS: .41/share REV: 4,718/M
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FULL YR: EPS: 2.43/share REV: 20,550/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 60% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -11.7, 15.08, 10.16
EXPECTED JUMP MOVE: 10-15
Links To Latest News and Headlines
Micron Technology stock is trading higher. A Taiwan earthquake impacted production at the company’s DRAM plant in Taoyuan, and investors see prices rising.
Shares of Micron Technology Inc. are up 1.9% in Monday trading after analysts suggested that recent disruptions to production could help pricing for the memory industry.
Shares of computer memory maker Micron Technology (NASDAQ: MU) enjoyed an unexpected upsurge in Monday morning trading — unexpected because much of the news on Micron today is negative. Multiple analysts downgraded the stock, cut its price target, or warned of production cuts — or some combination of the three — but as StreetInsider.com reported today, one analyst in particular argues that Micron stock could defy the bad news and double in price. Shares of Micron are up 2.5% as of 10:40 a.m. EDT.
(Bloomberg) — Micron Technology Inc. shares gained early Monday as the semiconductor maker could wind up benefiting from higher prices for DRAM memory products after an earthquake in Taiwan affected production.Most Read from BloombergCities’ Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Maker at Deut
Micron is a ‘technology leader’ but a downcycle ‘has just begun,’ a Bernstein analyst says.
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