Micron (Nasdaq: MU) CFO Ernie Maddock, speaking at the company's Analyst Day today, said the company plans to spend as much as $5.8 billion on CapEx in FY16. The current expected CapEx range is $5.3 - $5.8 billion.

Guidance Management Comments Trader Talk

Summit Research Cuts Price Target on Micron Technology (MU) to $25 Following Analyst Day August 17, 2015 10:54 AM UBS Cuts Price Target on Micron Technology (MU) to $25 Following Capex Guidance August 17, 2015 9:03 AM Wells Fargo Upgrades Micron Technology (MU) to Market PerformAugust 17, 2015 7:41 AM Cowen Trims PT on Micron (MU) to $28 Following Analyst Day; CapEx Spot-on, but EPS Downside LikelyAugust 17, 2015 7:19 AM Cowen Cuts Price Target on Micron Technology (MU) to $28 on Likely EPS Downside August 17, 2015 7:19 AM