Tag: Highs

Spirit Technology hits new highs as Superloop narrows net loss

Spirit Technology, the company formerly known as Spirit Telecom, reported record results for the six months to December 31.

Total revenue for the company was up 253% to AU$44 million compared to the same time last year, while earnings before interest, tax, depreciation, and amortisation (EBITDA) spiked 320% to AU$2.6 million, and net profit shifted from a AU$700,000 loss to a positive AU$500,000.

The company’s revenue number consisted of AU$21 million from recurring revenue and AU$22 million allocated as solution and project revenue. The former was up 246% year-on-year and the latter increased by 132%.

Of its recurring revenue, data

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Why Micron Technology Stock Can Break Higher From 20-Year Highs

Shares of Micron Technology (NASDAQ:MU) have shot up to 20-year highs this fall thanks to a couple of price target upgrades by Wall Street analysts, who predict that the memory specialist has more upside to offer on the back of higher demand from data centers and 5G smartphones.

Deutsche Bank and Mizuho Securities have raised their per-share price targets to $70, indicating an upside of around 10% from Micron’s current stock price. But it wouldn’t be surprising to see the memory specialist break higher and surpass Wall Street’s expectations. Let’s see why.

MU Chart

MU data by YCharts

A favorable DRAM environment

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