Sterne Agee reiterated their buy rating on shares of Micron Technology Inc (NYSE:MU) in a research report sent to investors on Friday morning. The firm currently has a $32.00 price target on the stock. Micron Technology, Inc. (NASDAQ:MU) net profit margin is 21.30% and weekly performance is -2.07%. On last trading day company shares ended up $26.94. Analysts mean target price for the company is $29.56. Micron Technology, Inc. (NASDAQ:MU) distance from 50-day simple moving average (SMA50) is 9.98%.
Chorus, New Zealand’s largest telecommunications infrastructure company, has selected IP routing technology from Alcatel-Lucent SA (ADR) (NYSE:ALU) to build the IP core network that will power its ‘Chorus Accelerate’ program, which will offer customers an entirely new set of broadband services over both copper and fiber networks. Alcatel Lucent SA (ADR) (NYSE:ALU) shares advanced 1.05% in last trading session and ended the day on $3.86. Gross Margin is 32.20% and its return on assets is -7.80%. Alcatel Lucent SA (ADR) (NYSE:ALU) quarterly performance is -9.39%.
Sanjay Mehrotra, president, chief executive officer and co-founder of SanDisk Corporation (NASDAQ:SNDK) delivered a commencement address to graduates of the University of California, Berkeley College of Engineering on May 18, 2014. Mehrotra’s speech detailed his own journey and related the lessons he has learned along the way from an international student to the head of a Fortune 500 company that is recognized as a global leader in flash storage solutions. Born and raised in India, Mehrotra first relayed to the graduates lessons he learned from his father about the importance of tenacity. Though now a member of the UC Berkeley Engineering Advisory Board, Mehrotra shared the difficulties he faced in first obtaining a student visa after his application was denied multiple times and how his father overcame the bureaucracy. SanDisk Corporation (NASDAQ:SNDK) shares moved up 0.68% in last trading session and was closed at $91.61, while trading in range of $90.63 – $91.96. SanDisk Corporation (NASDAQ:SNDK) year to date (YTD) performance is 30.65%.
GOLDCORP INC. (USA) (NYSE:GG) announced that its Los Filos mine in Guerrero State, Mexico has resumed all operations following a negotiated settlement with the Carrizalillo Ejido for a new land occupancy agreement with a five-year term. Operations at Los Filos had been suspended. Goldcorp Inc. (USA) (NYSE:GG) ended the last trading day at $24.54. Company weekly volatility is calculated as 1.65% and price to cash ratio as 19.26. Goldcorp Inc. (USA) (NYSE:GG) showed a negative weekly performance of -1.21%.
Cheung Kong (Holdings) Limited (ADR) (OTCMKTS:CHEUY) the builder controlled by Asia’s richest man, gained 4.1 percent, leading developers higher. The Hong Kong government is considering extending a deadline for a double stamp duty refund by one to two months for citizens who are moving homes, the Oriental Daily News reported, citing an unidentified person. Cheung Kong (Holdings) Limited (ADR) (OTCMKTS:CHEUY) On last trading day company shares ended up $17.18.
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