Micron Technology Inc. (NASDAQ: MU) is scheduled to report its fiscal second-quarter financial results after the markets close on Wednesday. The consensus estimates from Thomson Reuters call for a net loss of $0.08 per share on $3.05 billion in revenue. In the same period of the previous year, the company posted $0.81 in earnings per share and revenue of $4.17 billion.
This is a global leader in advanced semiconductor systems. Its broad portfolio of high-performance memory technologies, including DRAM and NAND and NOR flash, is the basis for solid state drives, modules, multichip packages and other system solutions. The company’s memory chip solutions enable the world’s most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications.
Credit Suisse recently added the stock to its U.S. Focus List, and the firm sees solid upside for this chip maker in 2016 with an expected potential price return of 74.8%. While that is impressive, investors also have to consider how far this stock has fallen.
JPMorgan noted that while memory demand fundamentals are still muted, and those conditions could continue to persist through the first half of this year, it feels that the company is executing well in a tough environment, and the value at current trading levels is compelling.
24/7 Wall St.Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
