Memory chip giant Micron Technology (NASDAQ:MU) reported results for the third quarter of 2018 Wednesday night. The company exceeded Wall Street's expectations and share prices jumped as much as 5% higher Thursday morning. Here's how and why the stock still looks downright cheap even after this jump.
Micron's quarter by the numbersMetric
Q3 2018
Q3 2017
Year-Over-Year Change
Revenue
$7.80 billion
$5.57 billion
40%
GAAP Net Income
$3.95 billion
$1.96 billion
101%
Adjusted Earnings per Diluted Share
$3.15
$1.62
94%
Data source: Micron Technology.
The analyst earnings consensus stopped at $3.12 per share and your average Wall Street firm would have settled for top-line sales near $7.75 billion.
Hot Clean Energy Stocks To Own For 2021: Karyopharm Therapeutics Inc.(KPTI)
We are a clinical-stage pharmaceutical company focused on the discovery, development and subsequent commercialization of novel, first-in-class drugs directed against nuclear transport and related targets for the treatment of cancer and other major diseases. Our scientific expertise is focused on understanding the regulation of intracellular communication between the nucleus and the cytoplasm. We have discovered and are developing wholly-owned, novel, small molecule Selective Inhibitor of Nuclear Export, or SINE(TM), compounds that inhibit the nuclear export protein XPO1. These SINE compounds represent a new class of drug candidates with a novel mechanism of action that have the potential to treat a variety of diseases in areas of unmet medical need. Our SINE compounds were the first oral XPO1 inhibitors in clinical development. Advisors' Opinion:
- [By Keith Speights]
Shares of Karyopharm Therapeutics (NASDAQ:KPTI) were soaring 16.8% higher as of 11:26 a.m. EDT on Friday after jumping as much as 27.5% earlier. The biotech announced that the U.S. Food and Drug Administration (FDA) has extended the Prescription Drug User Fee Act (PDUFA) action date for the New Drug Application (NDA) for selinexor in treating relapsed refractory multiple myeloma. The FDA previously expected to complete its review by April 6, 2019, but now anticipates making an approval decision by July 6, 2019.
- [By Logan Wallace]
Karyopharm Therapeutics (NASDAQ:KPTI) had its price target decreased by Wedbush from $19.00 to $14.00 in a research note issued to investors on Monday, The Fly reports. Wedbush currently has an outperform rating on the stock.
- [By Cory Renauer]
Shares of Karyopharm Therapeutics (NASDAQ:KPTI), a precommercial biopharmaceutical company, are plummeting in response to briefing documents released by the Food and Drug Administration ahead of an advisory committee meeting. Investors expecting a rough road ahead have knocked the stock 46.7% lower as of 3:56 p.m. EST on Friday.
- [By Joseph Griffin]
Karyopharm Therapeutics Inc (NASDAQ:KPTI) EVP Christopher Brett Primiano sold 10,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $18.90, for a total value of $189,000.00. Following the transaction, the executive vice president now directly owns 7,881 shares of the company’s stock, valued at $148,950.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hot Clean Energy Stocks To Own For 2021: BanColombia S.A.(CIB)
Bancolombia S.A. provides various banking products and services to individual, corporate, and government customers. The company operates through ten segments: Banking Colombia, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Banking Panama, Insurance, Off Shore, and All Other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, overdrafts, and financing for industrial projects; mortgage banking and factoring services; and financial and operating leasing services. The company also provides capital market products, such as futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers asset management products, such as mutual funds, private equity funds, and privately managed investment accounts; cash management services; foreign currency transaction services; and bancassurance and insurance services. Further, the company provides investment banking services, such as financial advisory, underwriting services, capital market services, and private equity management services; and trust services, such as money market accounts, mutual and pension funds, private equity funds, payment trust, custody services, and corporate trust. Additionally, it offers loan management, transportation, and real estate brokerage services; and is involved in outsourcing activities. As of December 31, 2015, it had 1,274 branches. The company also operates 5,080 automatic teller machines. Bancolombia S.A. was founded in 1945 and is headquartered in Medellín, Colombia.
Employees Retirement System of Texas bought a new position in Bancolombia SA (NYSE:CIB) in the fourth quarter, HoldingsChannel.com reports. The firm bought 62,000 shares of the bank’s stock, valued at approximately $2,362,000. Get a free copy of the Zacks research report on Bancolombia (CIB) For more information about research offerings from Zacks Investment Research, visit Zacks.com Bancolombia SA (NYSE:CIB) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $43.00. Turkcell Iletisim Hizmetleri A.S. engages in establishing and operating a global system for mobile communications network in Turkey. It provides mobile voice, and Internet services over its mobile communications network; voice services, which include wireless telephone services on a prepaid and postpaid basis; mobile Internet and 3G services; consumer services; Telco services; TV and video services; music services; infotainment services; social community and other services; and mobile financial services The company also offers Turkcell enablers and platforms; corporate (B2B); corporate telco; authentication; location based; mobile marketing; machine-to-machine communications; and international roaming services. In addition, it provides Mobile Signature, a GSM service that enables customers to sign electronic documents and transactions with a legally-accepted digital signature using GSM SIM cards; and Mobile Billboard, which enables brands to reach their targeted customers . As of December 31, 2010, the company had approximately 23.3 million prepaid subscribers and 10.1 million postpaid subscribers. It sells its products and services through its distribution network consists of distributors, Turkcell distribution centers, corporate solution centers, non exclusive dealers, Turkcell communication centers, Turkcell stores, and consumer electronic Chains, as well as points of sale for prepaid airtime, including ATMs, POS, Web, call centers, supermarkets, and kiosks. The company was founded in 1993 and is headquartered in Istanbul, Turkey. Turkcell Iletisim Hizmetleri AS is a subsidiary of Turkcell Holding A.S. Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) and CHORUS LTD/S (OTCMKTS:CHRYY) are both computer and technology companies, but which is the superior business? We will contrast the two companies based on the strength of their risk, valuation, institutional ownership, earnings, dividends, profitability and analyst recommendations. WARNING: “Turkcell Iletisim Hizmetleri A.S. (TKC) Trading Down 8.4% After Earnings Miss” was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/4169538/turkcell-iletisim-hizmetleri-a-s-tkc-trading-down-8-4-after-earnings-miss.html. Shares of Turkish telecom Turkcell Iletisim Hizmetleri (NYSE:TKC) plummeted 10% to close at $4.42 per share on Thursday -- then proceeded to slide more after-hours. Perhaps worse for investors trying to figure out how to react to this news: There was no obvious reason for the decline.Hot Clean Energy Stocks To Own For 2021: Turkcell Iletisim Hizmetleri AS(TKC)
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