Why Micron (MU) Deserves A Place In Investors' Portfolio?
Zacks Investment Research | Dec 08, 2016 09:18PM ET
Stocks showing momentum and having enough prospects are the ones that investors like to add to their portfolio. Below we have evaluated one such technology company – Micron Technology, Inc. (NASDAQ:MU) , which has gained solid momentum in the last six months and seems to have potential for further growth.
The stock has been clocking solid returns over the last six months and has gained approximately 63.4%, outperforming the Zacks Electronics-Semiconductor industry return of 20.2%.
Let’s look at the reasons behind Micron’s solid momentum.
What’s Driving the Stock
Micron offers both DRAM and NAND products. While DRAM chips are the key components in PCs, NAND flash chips are crucial for portable electronic devices. The company is on a growth trajectory, gathering momentum from its positive earnings surprise history and strong fundamentals.
It posted a positive earnings surprise in the last four quarters, with an average surprise of 31.5%. Though the company reported non-GAAP loss per share in fourth-quarter fiscal 2016, it was narrower than the year-ago quarter, as well as the Zacks Consensus Estimate.
MICRON TECH Price, Consensus and EPS Surprise
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.