Roth Capital Cuts Price Target on Micron Technology (MU) Following 3Q15 Results

UBS 'Disappointed' with Micron Technology (MU); Cuts Price Target to $27

June 26, 2015 9:58 AM EDT

UBS maintains a Buy rating on Micron Technology (NASDAQ: MU), and cut the price target of $27.00 (from $35.00), following a late decision to shift more DRAM from PC to Mobile. Analyst Stephen Chin is disappointed with the late decision, which is causing the near term shortfall in both sales and margins, but UBS keeps a Buy... More

Micron's (MU) Price Target Reduced to $28 at Deutsche Bank

June 26, 2015 8:53 AM EDT

Deutsche Bank maintained a Buy rating on Micron Technology (NASDAQ: MU) but lowered its price target to $28.00 (from $32.00). The change follows Q3 results and disappointing guidance. Analyst Sidney Ho remains positive long-term.

"While we have expected a soft guidance, we are... More

Wedbush Cuts Price Target on Micron Technology (MU) Following EPS Miss

June 26, 2015 8:23 AM EDT

Wedbush maintains an Outperform rating on Micron Technology (NASDAQ: MU), and cut the price target to $26.00 (from $31.00), following F3Q results. MU reported revenue of $3.85B, at the lower end of revenue guidance of $3.8B to $4.05B, and below the Street ($3.9B). Pro... More

Jefferies Cuts Price Target on Micron Technology (MU) Following EPS Miss

June 26, 2015 8:03 AM EDT

Jefferies reiterates a Buy rating on Micron Technology (NASDAQ: MU), and cut the price target to $36.00 (from $40.00), following earnings results. MU reported revenues of $3.85B (Street $3.9B), and non-GAAP EPS of $0.54 (Street $0.57). Guidance for CQ3 revenues of $3.58B (Street $4.17B) also missed.

Analyst... More

Micron (MU) Estimates, PT Cut at Nomura Securities

June 26, 2015 7:45 AM EDT

Nomura Securities analyst Romit Shah lowered his price target on Neutral-rated Micron Technology (NASDAQ: MU) to $23.00 (from $25.00) following Q3 results and guidance that missed on almost every metric.

Shah commented, "The biggest issue is cost, which is rising as the company... More

Piper Jaffray Cuts Price Target Following Micron Technology's (MU) F3Q Results

June 26, 2015 7:35 AM EDT

Piper Jaffray reiterates an Overweight rating on Micron Technology (NASDAQ: MU), and cut the price target to $30.00 (from $34.00), following F3Q results. Revenue of $3.85B missed consensus of $3.9B. Non-GAAP EPS of $0.54 missed the consensus estimate of $0.56.

Analyst Ruben Roy commented, "We reiterate our... More

Mizuho Securities Downgrades, Cuts Price Target Following Micron Technology (MU) 3Q EPS Miss

June 26, 2015 6:42 AM EDT

Mizuho Securities downgraded Micron Technology (NASDAQ: MU) from Buy to Neutral and cut the price target to $30.00 (from $37.00), following 3Q15 results. MU reported revenues $3.9B, in line with consensus. EPS at $0.54 was modestly light of consensus $0.57. MU guided F4Q(Aug) revenues at... More

DRAM Cost Reduction Leads to Near-Term Weakness in Micron (MU); Cowen Lowers PT to $30

June 26, 2015 6:25 AM EDT

Cowen and Company lowers its price target on Outperform-rated Micron (Nasdaq: MU) from $34 to $30 following Q3 results reported after markets closed in Thursday.

Analyst Tim Arcuri commented that, while numbers are going lower than expected in the near-term, we would use weakness to aggressively back up the proverbial Tesla and add to... More

After-Hours Stock Movers 06/25: (NKE) (VNCE) (ZTS) Higher; (MU) (SNX) (SNDK) Lower (more...)

June 25, 2015 6:04 PM EDT

Micron Technology (Nasdaq: MU) 11.4% LOWER; reported Q3 EPS of $0.54, $0.02 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $3.85 billion versus the consensus estimate of $3.9 billion. Sees Q4 Sales of $3.45-$3.7 billion vs the consensus of $4.16 billion.

SYNNEX Corp. (NYSE: SNX) 9.8% LOWER; reported Q2 EPS of $1.55, $0.02 better than the analyst estimate of $1.53. Revenue for the quarter came in at... More

Sandisk (SNDK) Trades Lower as Micron (MU) Gets Crushed

June 25, 2015 5:32 PM EDT

Sandisk Corp. (NASDAQ: SNDK) weakened after-hours Thursday, trading lower in sympathy with peer Micron Technology (NASDAQ: MU) which declined more than 12% after reporting Q3 results and weak Q4 guidance. Sandisk is lower by over 2%.

... More

Market Wrap: Key Obamacare Item Passes Muster; Splitsville for IAC/InterActive, Match Group; Nike 'Just Did It' in Q4

June 25, 2015 5:18 PM EDT

Market wrap for June 25th

End of the Day: S&P 500 down 6.3 to 2,102.31; Dow Jones down 75.7 to 17,890.36; Nasdaq down 10.2 to 5,112.19

Market Brief: Stocks were lower once again on diminishing hopes that a deal between Greece and its creditors would come to fruition. Negotiations between the two sides are now expected to stretch into the weekend.

Personal income was flat with expectations in May as spending outpaced.

IAC/InterActive is breaking up with its Match Group as it looks to IPO the... More

Micron Technology (MU) Q4 Revenue Guidance Falls Short

June 25, 2015 4:26 PM EDT

Micron Technology (NASDAQ: MU) Sees Q4 Sales of $3.45-$3.7 billion vs the consensus of $4.16 billion.

... More

Micron Technology (MU) Misses Q3 EPS by 2c

June 25, 2015 4:04 PM EDT

Micron Technology (Nasdaq: MU) reported Q3 EPS of $0.54, $0.02 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $3.85 billion versus the consensus estimate of $3.9 billion.

"In the fiscal third quarter, Micron experienced market headwinds driven primarily by weakness... More

Trading Radar for 6/25: Nike (NKE), Micron (MU), Barnes & Nobls (BKS), Winnebago (WGO) Report

June 24, 2015 2:35 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 271kContaining Claims - Street sees 2.215MPersonal Spending - Street sees 0.7%Personal Income... More