5 Green Flags for Micron Technology's Future

Micron Technology's (NASDAQ: MU) stock surged nearly 11% on Dec. 21 after the memory chipmaker posted its first-quarter earnings report.

Its revenue rose 33% year-over-year to $7.69 billion, beating estimates by $10 million. Its adjusted net income soared 175% to $2.47 billion, or $2.16 per share, which also topped expectations by a nickel.

Those headline numbers look impressive, but five green flags indicate this cyclical semiconductor stock could still have more room to run.

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Source Fool.com