MICRON TECHNOLOGIES (MU)
EARNINGS RELEASE - JUNE 29 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .77/share REV: 5,310/M
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LAST QTR: EPS: .37/share ACTUAL: .45/share (BEAT)
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NEXT QTR: EPS: .81/share REV: 5,470/M
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FULL YR: EPS: 2.51/Share REV: 20,750/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: 59% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 7.64, 4.24, -11.7
EXPECTED JUMP MOVE: 7-9%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
(Bloomberg) — Samsung Electronics Co. said the tight supply of chips that’s hurting industries worldwide is set to persist through next year, as it reported quarterly profit boosted by rising prices at its semiconductor business.Most Read from BloombergA Deep Dive Into Squid Game’s World of InequalityMeet Six People Fighting Water Scarcity Across the GlobeHamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaThe South Korean giant, both a major producer and consumer of chips that go in
For the past half year or so, Micron (MU) shares have been trending south, as a tougher pricing environment for its computer memory products and macro developments (mostly the supply chain issues behind a lack of non-memory components which has led to some customers cutting back on memory and storage purchases) have had their part to play in weakening sentiment. The company’s latest move has also raised eyebrows in some quarters. Last week, the company said that over the next 10 years it intends
Providing up to 50% higher data transfer speeds at 4800MT/s, Micron’s Crucial DDR5 memory also nearly doubles effective bandwidth over DDR4 memory right out of the box Crucial DDR5 32GB Kit UDIMM Memory Micron’s Crucial DDR5 Memory: 32GB Kit (2 x 16GB Modules) Key Benefits: Compatible with 12th Gen Intel® Core™ processors1 that support DDR5 and DDR5 compatible motherboards2Speeds starting at 4800MT/s based on 16Gb chip density and available in 8GB, 16GB and 32GB module densitiesGreater than 2x t
These two hot semiconductor stocks have recently pulled back, but which one should investors snap up?
Micron Technology’s (NASDAQ: MU) consistently solid results have failed to appease Wall Street and investors alike, the stock fell more than 20% over the past six months in anticipation of a crash in memory prices. What’s more, the anticipated decline in memory prices that has led investors to sell Micron stock won’t be arriving any time soon, as the company is on track to deliver terrific growth in revenue and earnings once again this quarter. This is a huge vote of confidence in the memory market’s prospects from Micron, which also indicates that the company’s impressive growth is here to stay for the long run.
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Avg Daily Volume: 443,239 Market Cap: 3.44B
Sector: Services Short Interest: 2.7
Ticker delayed 20 minutes
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by Team Stockjumpers