Micron Technology (MU) Guides Q1 Above Expectations
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Brean Capital Raises Price Target on Micron Technology (MU) Following 4Q Beat
October 5, 2016 10:06 AM EDTBrean Capital reiterated a Buy rating on Micron Technology (NASDAQ: MU), and raised the price target to $23.00 (from $18.00), following the company's 4Q earnings report. MU reported revenue and non-GAAP EPS of $3.217B and $(0.05), compared to the Street's estimates at $3.150B/ $(0.12).
Analyst Mike Burton commented, "Similar to the May-16 quarter, expectations were above average... More
Micron (MU) PT Raised to $22 at Baird
October 5, 2016 6:45 AM EDTBaird analyst Tristan Gerra reiterated an Outperform rating and lifted his price target on Micron Technology (NASDAQ: MU) to $22.00 (from $18.00) on a strong NAND outlook for 2017 and continued DRAM tightening.
Gerra commented, "Bit growth acceleration in enterprise SSDs along with supply disruptions associated... More
Cowen Remains Positive on Micron (MU), But Enthusiasm Tempered Amid Headwinds
October 5, 2016 6:37 AM EDTCowen and Company affirms Micron (Nasdaq: MU) with an Outperform rating and $19 price target following Q4 results and outlook issued Tuesday night.
Analyst Tim Arcuri commented today, Troubling as the guidance was, a positive bias still seems warranted as DRAM supply/demand remains the first... More
Micron Technology (MU) Reports Q4 Loss of $0.05/Share
October 4, 2016 4:04 PM EDTMicron Technology (NASDAQ: MU) reported Q4 EPS of ($0.05), versus ($0.08) reported last year. Revenue for the quarter came in at $3.22 billion, versus $2.9 billion reported last year.
"We are seeing improving market conditions in terms of both slowing supply growth and improving demand across a number of key segments," said Micron CEO... More
Micron Technology (MU) weekly volatility increases into Q4 and outlook
October 4, 2016 12:43 PM EDTMicron Technology (NASDAQ: MU) October weekly call option implied volatility is at 97, October is at 54, November is at 47; compared to 52-week range of 39 to 84 into the expected release of Q4 results on October 4.
... More