Boston, MA 02/26/2014 (wallstreetpr) – Micron Technology, Inc. (NASDAQ:MU) is arguably one of the best performers in the technology industry with its stock having surged by over 200% over the past twelve months. The company stock is currently rated as a “Buy” as it continues to show significant strength in its key segments of operation.
Micron Technology has been reporting impressive earnings per share growth over the past two years while also registering impressive net income growth with solid return on equity.
Micron technology Key strengths
Micron Technology, Inc. (NASDAQ:MU)continues to record impressive revenue growth that has surpassed the industry average of 5.9% as compared to the same quarter a year ago. The growth in earnings per share has been massively impacted by the growth in net revenues.
Micron Technology, Inc. (NASDAQ:MU) stock has soared by over 223.68% over the past year at the back of strong earnings growth of 211.11%. Majority of analysts at Wall Street are of the strong opinion the company’s stock is set to perform even better in the coming years although any stock can also collapse.
Micron Technology growth metrics
Micron Technology, Inc. (NASDAQ:MU) continues to demonstrate a strong pattern in growth metrics of its EPS having turned down its bottom line around by $1 against $1.04 a year ago same period. Net income also continues to be on a rally having grown by 230.2% in the fourth quarter compared to the same quarter a year ago, increasing from $275 million to $35 million.
Micron Technology, Inc. (NASDAQ:MU) is certainly to have one of its best fiscal years as it continues to be the leading provider of Semiconductor products such as DRAM, NAND Flash and NOR flash memory. With the massive growth being registered in tablet and smartphone industry things could be looking up for the company.
Tuesday trading session was not the best of days for Micron Technology, Inc. (NASDAQ:MU) as it stock slipped by 2% to close the day at lows of $24.25.