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Micron Rises, Redwire Gains, Zscaler Sinks as Revenue Forecast Misses Estimates
Published 3 weeks, 5 days ago
Description
On this episode of Stock Movers:
- Micron (MU) shares rise. Micron Technology Inc.'s market capitalization will more than double over the next 12 months, according to at least one analyst. UBS Group AG boosted its price target for Micron to $1,625, implying a market value of roughly $1.8 trillion.
- Redwire (RDW) shares gain. Shares in rocket, space and satellite communications companies are rallying Wednesday. The sector has advanced since SpaceX filed publicly for what stands to be the largest-ever initial public offering.
- Zscaler (ZS) shares sink. The security software company gave a fourth-quarter revenue forecast that was weaker than expected. It also raised its full-year outlook.
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