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Wall Street Sees More Upside For Micron Following Earnings Pop
Wednesday, June 26, 2019 - 12:27pm | 668Micron Technology, Inc. (NASDAQ: MU) jumped 13% on Wednesday after the memory giant handily topped analyst expectations with big earnings and revenue beats on Tuesday. In addition to surprising to the upside, the report eased investor concerns about the impact of the U.S. blacklist of Huawei, which...
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Wall Street Remains Bullish On Micron
Thursday, March 21, 2019 - 10:40am | 707Micron Technology, Inc. (NASDAQ: MU) shares traded higher by 9 percent Thursday after the chipmaker reported second-quarter earnings and revenue beats. The results were a pleasant surprise for investors concerned about the impact of a memory supply glut glut driven by a softening global smartphone...
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Credit Suisse Sounds Alarm On Risks To Nvidia Estimates
Tuesday, January 8, 2019 - 12:43pm | 429NVIDIA Corporation (NASDAQ: NVDA), which made a recovery in the new year along with other tech stocks, came under selling pressure Tuesday in reaction to a note from Credit Suisse that delved into inventory overhang and reduced forecasts. The Analyst Analyst John Pitzer maintained an...
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Analysts: Micron's Buyout of Joint Flash Venture With Intel A Long-Term Positive
Friday, October 19, 2018 - 12:12pm | 728Micron Technology, Inc. (NASDAQ: MU) announced its intention Thursday to buy out partner Intel Corporation (NASDAQ: INTC)'s stake in their IM Flash Technologies joint venture by agreeing to pay $1.5 billion in cash when the transaction closes. Micron can begin to exercise the call...
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Analysts Weigh In On AMD Following Q2 Earnings Beat
Thursday, July 26, 2018 - 11:28am | 420Advanced Micro Devices, Inc.(NASDAQ: AMD) shares are up more than 11 percent Thursday after the company’s second-quarter earnings report topped lofty market expectations. A number of Wall Street analysts weighed in following the release. Voices From The Street KeyBanc analyst Michael...
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Micron's Latest Earnings Call Was A 'Body Blow To The Bears': Analysts Weigh In
Thursday, June 21, 2018 - 2:34pm | 483Micron Technology, Inc. (NASDAQ: MU) stock was trading 2.5 percent higher Thursday afternoon following a slew of bullish ratings from Wall Street. The company posted a third-quarter earnings beat and guidance for the fourth quarter above consensus estimates. The Street Weighs In Despite...
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Analysts Applaud Intel's Beat-And-Raise Q1 Earnings
Friday, April 27, 2018 - 4:26pm | 791Large-cap tech names posted strong quarterly results this earnings season, and Intel Corporation (NASDAQ: INTC) was no exception. The chip giant reported 13-percent revenue growth and a 32-percent increase in non-GAAP earnings per share Thursday; the company also raised its full-year revenue and...
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Credit Suisse: What To Expect From AMD's Upcoming Q1 Report
Monday, April 23, 2018 - 3:02pm | 385Advanced Micro Devices, Inc. (NASDAQ: AMD) is scheduled to report first-quarter results after Wednesday's close that could come in ahead of consensus estimates, according to Credit Suisse. The Analyst Credit Suisse's John Pitzer maintains a Neutral rating on AMD's stock with an...
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How Intel Might Be Affected If It Loses Apple As A Customer
Tuesday, April 3, 2018 - 12:19pm | 698Intel Corporation (NASDAQ: INTC) stock tanked Monday following a report by Bloomberg that Apple Inc. (NASDAQ: AAPL) intends to start producing its own PC chips as soon as 2020. It didn’t take long for Wall Street to react to the latest threat to Intel’s business. Here’s a look at...
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Credit Suisse Bullish On Micron Ahead Of Q2 Results, Raises Target To $70
Tuesday, March 20, 2018 - 1:54pm | 382Micron Technology, Inc. (NASDAQ: MU) is scheduled to report its fiscal second quarter results after Thursday's close and investors should be buyers ahead of the print, according to Credit Suisse. The Analyst Credit Suisse's John Pitzer maintains an Outperform rating on Micron's stock...
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Intel's Earnings Beat: The Sell-Side Weighs In
Friday, January 26, 2018 - 4:30pm | 570Intel Corporation (NASDAQ: INTC) shares were up 10 percent Friday after the company’s fourth-quarter earnings report blew expectations out of the water. A number of Wall Street analysts weighed in on Intel following the report. Voices From The Street Oppenheimer analyst Rick Schafer said...
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Intel Upgraded As Valuation Fears Dissipate
Friday, January 26, 2018 - 11:16am | 365Intel Corporation (NASDAQ: INTC)'s stock has underperformed the broader Semiconductor Sector Index since March of 2017, but the company's earnings report may change the sentiment moving forward. The Analyst Credit Suisse's John Pitzer upgraded Intel's stock from Neutral to...
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Wall Street Reacts After Micron Beats Consensus In Q1
Wednesday, December 20, 2017 - 2:06pm | 717Shares of Micron Technology, Inc. (NASDAQ: MU) is trading up Wednesday after delivering a top- and bottom-line beat in its fiscal first quarter earnings report. Micron guided its fiscal second quarter notably above Street estimates. Here's how Wall Street reacted. Citi: Micron Has The...
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3 Things Micron Accomplished With Its Stock Offering
Wednesday, October 11, 2017 - 11:44am | 466Micron Technology, Inc. (NASDAQ: MU)'s announcement on Tuesday that it will launch a $1 billion offering of common stock shouldn't necessarily be seen as a negative, analysts at Credit Suisse commented in a research report. The firm's John Pitzer maintains an Outperform rating on Micron's stock...
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Credit Suisse Is 'Most Positive' On Micron Following Semiconductor Conference
Tuesday, August 29, 2017 - 1:50pm | 624After attending the recent Hot Chips 2017 conference, Credit Suisse analyst John Pitzer has named Credit Suisse’s hottest chip stocks to own: Micron Technology, Inc. (NASDAQ: MU) and Xilinx, Inc. (NASDAQ: XLNX). According to Pitzer, all the key long-term semiconductor drivers are still in...