On Monday, Shares of Micron Technology, Inc. (NASDAQ:MU), gained 0.65% to $24.63.
Micron Technology, was down in early market trading Monday, after analysts at Goldman Sachs downgraded the semiconductor company.
The firm cut its rating to “sell” from “neutral” saying rising supply of DRAM, or dynamic random-access memory, will lower selling prices and contract margins.
Goldman analysts added that they expect DRAM prices to drop 30% over the next three quarters.
Analysts at the firm lowered their price target for Micron shares to $19 from $27.
Micron Technology, Inc., together with its auxiliaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems.
Shares of The Coca-Cola Company (NYSE:KO), inclined 0.20% to $40.48, during its last trading session.
The Coca-Cola Company, released second quarter 2015 financial results on Wednesday, July 22, 2015 before the stock market opens. The Company hosted an investor conference call at 9:30 a.m. EDT on July 22.
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages comprise nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.
Finally, Adobe Systems Incorporated (NASDAQ:ADBE), ended its last trade with 3.24% gain, and closed at $82.28, hitting its highest level.
Adobe Systems Incorporated, stated financial results for its second quarter fiscal year 2015 ended May 29, 2015.
Quarterly Financial Highlights
- Adobe achieved record quarterly revenue of $1.16 billion.
- Digital Media Annualized Recurring Revenue (“ARR”) grew to $2.35 billion exiting the quarter, driven by an enhance in Creative ARR of $230 million to $2.02 billion.
- Adobe Marketing Cloud achieved revenue of $327 million.
- Diluted earnings per share were $0.29 on a GAAP-basis, and $0.48 on a non-GAAP basis.
- Year-over-year, operating income grew 43 percent and net income grew 67 percent on a GAAP-basis; operating income grew 28 percent and net income grew 30 percent on a non-GAAP basis.
- Cash flow from operations was $471 million, and deferred revenue grew to an all-time high of $1.23 billion.
- The company repurchased about 2.6 million shares during the quarter, returning $200 million of cash to stockholders.
Adobe Systems Incorporated is a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content.
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