Micron Technology Inc. (NASDAQ:MU)
Keep a close eye on MU. The company is scheduled to report its fiscal third quarter 2014 financial results after the closing bell on Monday, June 23, 2014, under bullish analysts' sentiment.
Analysts on average expect that MU will report for the period a revenue increased more than 67% year over year, representing (if) its fifth straight quarter of earnings gains and its sixth quarter in a row of year over year increase in sales
On Friday, brokerage firm RBC Capital Markets raised its target price on the company from $34.00 to $38.00 per share
MU is a global leader in advanced semiconductor systems. MU's broad portfolio of high-performance memory technologies-including DRAM, NAND and NOR Flash-is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, MU's memory solutions enable the world's most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.