According to TipRanks, Cassidy is a top 100 analyst with an average return of 47.6% and a 64.46% success rate. Cassidy covers the Technology sector, focusing on stocks such as Marvell, Penguin Solutions, and Blaize Holdings.
In addition to Rosenblatt Securities, Micron also received a Buy from Citi’s Atif Malik in a report issued yesterday. However, on June 9, Goldman Sachs maintained a Hold rating on Micron (NASDAQ: MU).
Based on Micron’s latest earnings release for the quarter ending February 26, the company reported a quarterly revenue of $23.86 billion and a net profit of $13.79 billion. In comparison, last year the company earned a revenue of $8.05 billion and had a net profit of $1.58 billion
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MU in relation to earlier this year. Last month, Steven Gomo, a Director at MU sold 2,000.00 shares for a total of $1,574,070.00.
