(VIANEWS) – The NASDAQ opens in less than five hours and Micron Technology‘s pre-market value is already 4.68% up.
Micron Technology’s last close was $58.56, 25.1% under its 52-week high of $78.18.
The last session, NASDAQ finished with Micron Technology (MU) rising 2.91% to $58.56. NASDAQ jumped 0.76% to $12,087.96, following the last session’s upward trend on what was a somewhat positive trend trading session.
About Micron Technology
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, networking, industrial, and automotive markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Earnings Per Share
As for profitability, Micron Technology has a trailing twelve months EPS of $1.45.
PE Ratio
Micron Technology has a trailing twelve months price to earnings ratio of 40.39. Meaning, the purchaser of the share is investing $40.39 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 12.99%.
Sales Growth
Micron Technology’s sales growth is negative 51.4% for the current quarter and negative 53.9% for the next.
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