Pre-Market News: Yahoo! Inc. (NASDAQ:YHOO), Micron Technology, Inc.(NASDAQ:MU), Wave Systems Corp.(NASDAQ:WAVX)


Micron Technology, Inc.(NASDAQ:MU) and Wave Systems Corp.(NASDAQ:WAVX) announced they are expanding their relationship to develop solutions designed to strengthen user protection against current and emerging threats to compute and embedded platforms. This collaboration is focused on the detection and remediation of advanced persistent threats, the most advanced forms of malware capable of infecting a wide array of IP-connected devices. The collaboration expands on the two companies’ ongoing activities around management for Micron’s self-encrypting SSD drives.

Together, Micron and Wave deliver advanced data protection for large corporations, as well as state and federal governments—without cumbersome workflow interruptions or decreased performance. The companies are targeting the second half of 2014 for future announcements regarding products in development. :

Micron (MU) plans to contribute equity investments into NAND device supplier Kingston Solutions, a joint venture between Toshiba (TOSBF) and Phison Electronics, reports DigiTimes. According to the sources, Kingston Solutions will be able to optimize NAND flash from Toshiba and mobile RAM from Micron following the investment.

Analysts have a consensus price target of $25 on Micron Technology, Inc.(NASDAQ:MU) which indicates a 15% upside. The consensus rating of the stock is a BUY with a score of 2.50. There are currently 9 Hold ratings, 15 Buy ratings, 2 Strong buy and 4 sell ratings on the stock.

A recent analyst action consisted of ISI Group initiating coverage with a Strong Buy rating and a $30 price target.

Macquarie upgraded Yahoo! Inc. (NASDAQ:YHOO) to Outperform citing the 17% pullback in shares since March 5. The firm recommends buying Yahoo ahead of the Alibaba IPO and has a $40 price target for the stock. Yahoo shares closed yesterday up 58c to $33.44 following an upgrade at SunTrust.

Analysts have a consensus price target of $36.33 on Yahoo! Inc. (NASDAQ:YHOO) which indicates a 9.87% downside. The consensus rating of the stock is a HOLD with a score of 2.48. There are currently 14 Hold Ratings, 16 Buy ratings and 1 Sell ratings on the stock.


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