Why Micron Technology (MU) Stock Is Gaining Today

NEW YORK (TheStreet) -- Micro Technology (MU) was gaining 0.5% to $22.01 Tuesday following the announcement of an expanded partnership with Wave Systems (WAVX).

Shares of Wave Systems were spiking 18.8% to $1.20.

As part of the new partnership the two companies will work together to strengthen the security of computer and embedded platforms. The collaboration will focus on detecting and remediating advanced persistent threats.

"The many benefits of increased connectivity with IP-connected devices create a new class of threats. We're pleased to collaborate with Wave because they have pioneered innovative approaches in the early detection of APTs," director of Micron's client segment Andreas Schlapka said in a statement.

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TheStreet Ratings team rates MICRON TECHNOLOGY INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICRON TECHNOLOGY INC (MU) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

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