Micron Stock Predictions: 12.24% Increase Since Our Bullish Article

 

Micron Stock Predictions

I Know First Research recently published a bullish article on Micron Technology Inc. on September 3rd 2015. In accordance with I Know First predictions, the stock price has increased 12.24% since the publication.

Micron Stock predictions

Micron Technology, Inc., provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems.

In August 2015 alone we saw Micro fall 11.30% and over 50% since August 2014, investors were questioning if to panic or pick stocks of MU. At this point there had been rumors of Micron being acquired by Chinese technology mogul Tsinghua Unigroup. The launch of the new 3D NAND Flash drive had an amazingly good impact on the stock price. The 3D NAND is meant to store pictures, music and other data on smartphones, cameras and other mobile devices. It is fascinating to see that the prediction of their sales picking up started before the actual prediction that was only at the beginning of the first half of 2016.

the quarterly revenue is $3.6 billion, lower than last years by 15% but it outperformed analysts expectations by $40 million. They also reported non-GAAP EPS of $0.37 for the quarter, lower by $0.82 from the fourth quarter of 2014. The non-GAAP EPS expectation was of $0.33 not far from the actual.

All and all we see a very promising future for Micron and their product line. Stay tuned for further algorithmic news for MU.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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