Micron Technology (MU) Guides Q3 Revenue, EPS Below Views

UBS Remains Bullish on Micron Technology (MU) Following Mixed 2Q

UBS maintained a Buy rating on Micron Technology (NASDAQ: MU), and cut the price target to $14.00 (from $15.00), following the company's mixed 2Q earnings report.

Analyst Stephen Chin commented, "F2Q results were once again mixed as Micron continues to face pricing uncertainties that are partly offset by steady execution on process... More

Baird Cuts Price Target on Micron Technology (MU) Following 2Q; Expects EPS Losses Through Feb

Baird maintained a Neutral rating on Micron Technology (NASDAQ: MU), and cut the price target to $12.00 (from $13.00), following the company's 2Q earnings report. Micron reported F2Q16 non-GAAP EPS of ($0.05), above the Street's ($0.09) estimate and guidance midpoint. Revenue of $2,934 million, down 12.4% sequentially,... More

Bernstein Downgrades Micron Technology (MU) to Market Perform

Bernstein downgraded Micron Technology (NASDAQ: MU) from Outperform to Market Perform with a price target of $10.00 (from $14.00).

For an analyst ratings summary and ratings history on Micron Technology click here. For more ratings news on Micron Technology click here.

Shares of Micron Technology closed at $10.48 yesterday.

Mizuho Securities reiterates Buy on Micron Technology (MU) Following 2Q EPS Beat

Mizuho Securities reiterated a Buy rating and $13.50 price target on Micron Technology (NASDAQ: MU) following the company's 2Q earnings report. MU reported revenue of $2.93B, a slight miss compared to consensus of $3B. EPS was reported at ($0.05), beating consensus estimates of ($0.09). Guidance for the... More

Micron (MU) PT Trimmed to $18 at Sterne Agee CRT Post Q2; Maintains 'Buy'

Sterne Agee CRT analyst Douglas Freedman trimmed his price target on Micron Technology (NASDAQ: MU) to $18.00 (from $19.00) following results but maintained a Buy rating. The analyst said margin improvement more of a matter of when, not if.

Freedman commented, "We remain opportunistic buyers of... More

Cowen Cuts PT on Micron (MU) to $13; Says 'Huge' Upside Catalyst Hard to See at This Point

Cowen and Company trims its price target on Outperform-rated Micron (Nasdaq: MU) from $20 down to $13 following Q2 results and guidance issued Wednesday night.

Analyst Tim Arcuri summarized his thoughts:

Headline EPS guide of (~$0.09) mid-pt was worse than published Street, but certainly no worse than buy-side expectations and in line w/our ($0.10) downside scenario. That said, there are issues that worry us under the sheets. May was supposed to be the Q where we began to see the big 20nm-related cost-downs in DRAM and it is (we... More

Micron Technology (MU) Tops Q2 EPS by 4c

(Updated - March 30, 2016 4:05 PM EDT)

Micron Technology (NASDAQ: MU) reported Q2 EPS of ($0.05), $0.04 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $2.93 billion versus the consensus estimate of $3.05 billion.

"Although we continue to navigate challenging market conditions, we are on track with deploying our advanced DRAM and NAND technologies and improving... More