Micron Technology (MU) Guides Q2 Revenue Below Street
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Micron (MU) Price Target Reduced to $29 at Goldman Sachs; Analyst Notes DRAM Warning Signs
January 7, 2015 9:35 AM ESTGoldman Sachs maintained a Neutral rating on Micron Technology (NASDAQ: MU) and lowered its price target to $29.00 (from $32.00). The change follows Q1 results and guidance. Analyst Mark Delaney said soft Q2 guidance included some potential warnings signs in DRAM.
"We believe there were some negative developments for DRAM: (1) On... More
Micron (MU) PT, Estimates Trimmed at Piper Jaffray Following Q1; 'Overweight' Maintained
January 7, 2015 7:05 AM ESTPiper Jaffray analyst Ruben Roy reiterated an Overweight rating on Micron Technology (NASDAQ: MU) but trimmed his price target to $41.00 (from $44.00) following Q1 results. The firm said longer-term trends remain despite teh softer quarter guidance.
Roy commented, "We reiterate our OW rating on MU following solid F1Q15 results... More
Micron (MU) Post Q1-Weakness Creates a Buying Chance, RBC Capital Says
January 7, 2015 6:32 AM ESTRBC Capital analyst Doug Freedman reiterated an Outperform rating and $42 price target on Micron Technology (NASDAQ: MU) following the 3% overnight sell-off following Q1 results. The firm sees a buying opportunity as the company is still on track for $3.61 in EPS.
"We view the... More
Micron Technology (MU) Tops Q1 EPS by 5c
January 6, 2015 4:03 PM ESTMicron Technology (NASDAQ: MU) reported Q1 EPS of $0.97, $0.05 better than the analyst estimate of $0.92. Revenue for the quarter came in at $4.57 billion versus the consensus estimate of $4.62 billion.
The companys overall consolidated gross margin of 36 percent for the first quarter of fiscal... More
