Investors And Analysts Expect Micron Technology, Inc. (MU) To Report Humungous Profits
Today is invariably the D-Day for Micron Technology, Inc. (NASDAQ:MU), as it is all set to reveal its net Q1 2015 report after the close of the markets today. Expectations are rife that the company shall bag significant earnings, estimated at $0.92 per share, in comparison to a meager $0.77, a year back!
2014, A Fruitful Year
The year 2014 has been quite fruitful for the company, as it touched the highest on record revenue of $16.4 billion. Micron notched up a net income of $3 billion and a cash flow record of $2.6 billion – both highest in their own accords.
The company seeks to take forward the prominent reasons that led to higher incidence of profitability – one prominent reason being the net income notched up from the newly acquired Elpida, which constituted for more than 80% of the net company profits.
Innovation Defines Micron
Currently at the best position, Micron has a great future, that awaits to be paved. Placed at the correct footing, Micron has ample options and opportunities to improve overall industry dynamics, varied product portfolio in this year, after the Q1 results are out today.
Micron has been on a development spree. Whenever forming or catering to market scenarios, the company, like in the previous year, Micron would bring about a plethora of innovations.
Micron And Consumers’ Choice
From spanning better or newly augmented DRAM, NOR or NAND flash solutions. The solutions are primarily of sumptuous importance. Consumption is primarily owing to growing demands, prices at low costs and the essay of positive earnings.
Micron has bagged an important rating by analysts at Zacks. Ratings are divided as #1 or Strong Buy, #2 or #3 are best buys. ESP and this predictive power is apt and had its own surprises. Micron bagged ratings from various sources within #1 to #5.
Micron has a bright future and is a good buy! Its high time that investors make the best of this share and shape their profitability.