Report
Abhinav Davuluri
EUR 101.80 For Business Accounts Only

Micron Continues to Benefit from Favorable Memory Industry Environment; No Change to $28 FVE

Micron reported strong fiscal fourth-quarter results, driven by favorable industry fundamentals. Management foresees the positive environment to persist into 2018, echoing sentiments of peers and equipment providers alike. While favorable DRAM average selling prices stemming from tight supply bolstered the firm’s results, we reiterate our positive thesis on Micron’s 3D NAND offerings codeveloped with Intel. Micron is ramping its second-generation 3D NAND offerings (64-layer), which will account ...
Underlying
Micron Technology Inc.

Micron Technology provides memory and storage solutions. The company's portfolio of memory and storage technologies include Dynamic Random Access Memory, Not And, 3D XPoint? memory, and Not Or. The company's segments are: Compute and Networking Business, which includes memory products sold into client, cloud server, enterprise, graphics, and networking markets; Mobile Business, which includes memory products sold into smartphone and other mobile-device markets; Storage Business, which includes Solid-State Drives and component-level solutions sold into enterprise and cloud, client, and consumer storage markets; and Embedded Business, which includes memory and storage products.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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