Micron Reports Terrific Third-Quarter Results; Raising FVE to $28 per Share
Micron reported impressive fiscal third-quarter results, driven by a strong pricing environment that is expected to persist for the remainder of the year. 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 2nd generation 3D NAND offerings, with meaningful output expected by the end of fiscal 2017. This should enable the firm to take part i...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.
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