Wedbush Cuts Price Target on Micron Technology (MU) Following 4Q15 EPS Beat

Deutsche Bank Sees Catalysts in Micron (MU)

October 2, 2015 10:33 AM EDT

Deutsche Bank maintained a Buy rating on Micron Technology (NASDAQ: MU) with a modified price target of $20.00 (from $28.00). Comments follow Q4 results. Analyst Sidney Ho sees catalysts in 2016.

"MU delivered a surprising beat for F4Q but guided F1Q below... More

Needham & Company Cuts Price Target on Micron Technology (MU) Following 4Q15 Earnings Results

October 2, 2015 7:46 AM EDT

Needham & Company maintained a Strong Buy rating on Micron Technology (NASDAQ: MU), and cut the price target to $25.00 (from $40.00), following the company's 4Q15 earnings results. Micron revenue of $3.60B was slightly ahead of the Street's $3.56Bn. F1Q15 revenue was guided to $3.45Bn at the midpoint, below the Street's $3.74Bn.

Analyst... More

Sterne Agee CRT Reiterates Buy on Micron Technology (MU) Following 4Q15 Earnings

October 2, 2015 6:55 AM EDT

Sterne Agee CRT reiterated a Buy rating and $20.00 price target on Micron Technology (NASDAQ: MU) following the company's 4Q15 earnings results. MU reported revenues of $3.60bil compared to Street's $3.55bil estimates. EPS of $0.37 beat the Street's estimates of $0.31.

Analyst Douglas Freedman commented, "MU posted... More

Micron (MU) Q1 Outlook Better than Feared, Credit Suisse Says

October 2, 2015 6:51 AM EDT

Credit Suisse analyst J. Pitzer reiterated an Outperform rating and lowered his price target on Micron Technology (NASDAQ: MU) to $25.00 (from $34.00) following Q4 results and Q1 guidance that was below the Street but better than feared.

Pitzer commmentedm "... specifically F1Q EPS of... More

Piper Jaffray Cuts Price Target on Micron Technology (MU) Following 5c EPS Beat

October 2, 2015 6:47 AM EDT

Piper Jaffray reiterated an Overweight rating on Micron Technology (NASDAQ: MU), and cut the price target to $22.00 (from $23.00), following the company's 4Q15 earnings results. Revenue of $3.6B beat consensus of $3.56B. NonGAAP EPS of $0.37 beat the consensus estimate of $0.32.

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

Cowen Trims PT on Micron (MU) to $24; Guidance Not as Bad as Feared

October 2, 2015 6:40 AM EDT

Cowen and Company trims its price target on Outperform-rated Micron (Nasdaq: MU) from $25 to $24 following Q4 results issued Thursday night.

Analyst Tim Arcuri commented:While MU continues to struggle in NAND, DRAM margins appear no more than 6mos from a meaningful inflection while, bigger picture, the stock... More

Micron (MU) PT Lowered to $30 at Jefferies

October 2, 2015 6:35 AM EDT

Jefferies analyst Sundeep Bajikar reiterated a Buy rating but cut his price target on Micron Technology (NASDAQ: MU) to $30.00 (from $33.00) following Q4 results.

Bajika commented, "We believe a combination of favorable DRAM/NAND supply dynamics, Micron's technology progress, and emergence of new... More

After Hours Stocks Movers 10/01: (BEBE) (MU) (CAMP) Higher; (PRGS) (GMCR) (O) (more...)

October 1, 2015 6:09 PM EDT

Progress Software (NASDAQ: PRGS) 14.8% LOWER; reported Q3 EPS of $0.39, $0.02 better than the analyst estimate of $0.37. Revenue for the quarter came in at $100.7 million versus the consensus estimate of $104.29 million. Progress Software sees FY2015 EPS of $1.51-$1.55, versus prior guidance of $1.45-$1.52 and the consensus of $1.49. Progress Software sees FY2015 revenue of $410-415 million, versus prior guidance of $415-425 million and the consensus of $420.8 million.

bebe stores (NASDAQ: BEBE) 12.7% HIGHER; announced that, as a result of the Companys focus on more streamlined... More

Market Wrap: U.S. Manufacturing Inched Higher in Sept.; Auto SAAR at Decade-High Levels; Tyler Tech Makes Key Purchase

October 1, 2015 5:25 PM EDT

Market wrap for October 1st

End of the Day: S&P 500 up 3.8 to 1,923.82; Dow Jones down 12.7 to 16,272.01; Nasdaq up 7.0 to 4,627.08

Market Brief: U.S. markets were wobbly early as the Caixin China General Manufacturing PMI slipped 0.1 points to 47.2 in September, Markit said today. The reading below 50 indicates continued contraction in the segment. Both the Nasdaq and S&P 500 fought-off all-day pressure to finish positive, while the DJIA ended slightly lower.

Initial claims rose more than expected last week, ahead of... More

Chipmaker Micron's profit, revenue beat estimates

October 1, 2015 4:15 PM EDT

By Anya George Tharakan

(Reuters) - Memory chipmaker Micron Technology Inc (NASDAQ: MU) reported a lower-than-expected fall in quarterly revenue, welcome relief for an industry that has been battered by a drop in demand and prices.

The company's shares rose as much 8.3 percent at $15.99 in after-hours trading.

"You're getting a little bit of a relief rally here, because it wasn't even worse than expectations," Wedbush Securities analyst Betsy Van Hees said.

Van Hees said the question... More

Micron Technology (MU) Guides Q1 EPS, Revenue Below Expectations

October 1, 2015 4:13 PM EDT

Micron Technology (NASDAQ: MU) sees Q1 adjusted EPS of $0.20 - $0.26 and revenue of $3.45 - $3.70 billion, versus consensus estimates calling for EPS of $0.38 and revenue of $3.74 billion.

Micron also sees gross margin at 24.5 - 27.0 percent.

... More

Micron Technology (MU) Tops Q4 EPS by 4c; Issues Light Q1 Outlook

October 1, 2015 4:03 PM EDT

(Updated - October 1, 2015 4:58 PM EDT)

(Updated - October 1, 2015 4:15 PM EDT)

(Second Update updates revenue outlook range, which was lower than previously stated by the company.)

Micron Technology (NASDAQ: MU) reported Q4 EPS of $0.37, $0.04 better than the analyst estimate of $0.33. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.56... More

Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September

September 30, 2015 7:15 PM EDT

By Svea Herbst-Bayliss

BOSTON (Reuters) - Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America's most prominent hedge funds.

The three men were among the first to tabulate their monthly performance numbers and their losses suggest that even bigger declines will be reported by other hedge funds in the days ahead, after global markets tumbled this month amid persistent fears that China's economy is slowing.

Einhorn's Greenlight Capital fund fell 3.6 percent in September,... More