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Micron (MU)'s a “Gating Factor,” Says Jim Cramer [Yahoo! Finance]
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations: investors.micron.com
Cramer discussed memory semiconductor firm Micron Technology, Inc. (NASDAQ:MU) after the firm's fiscal first quarter earnings report on Wednesday. The solid set of results saw the firm report $13.64 billion in revenue and $4.78 in adjusted earnings per share. Both of these beat analyst estimates of 12.84 billion and $3.95. Cramer was quite hyped about Micron Technology, Inc. (NASDAQ:MU) ahead of its earnings. He tweeted before the release and wondered whether the firm could “re-ignite the year of Magical Investing?” or if it was a short squeeze instead. After the earnings, the CNBC TV host called the results refreshing and commented that “companies are actually paying Micron instead of Micron paying them to take their chips.” Micron Technology, Inc. (NASDAQ:MU)'s results also saw Rosenblatt increase the firm's share price target to $500 from $300 and keep a Buy rating on the shares. As part of its coverage, the financial firm cited that memory price strength and lower costs drove t
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SEC Filings
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