Micron Technology (MU) weekly volatility increases into Q4 and outlook
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Brean Capital Raises Price Target on Micron Technology (MU) Following 4Q Beat
October 5, 2016 10:06 AM EDTBrean Capital reiterated a Buy rating on Micron Technology (NASDAQ: MU), and raised the price target to $23.00 (from $18.00), following the company's 4Q earnings report. MU reported revenue and non-GAAP EPS of $3.217B and $(0.05), compared to the Street's estimates at $3.150B/ $(0.12).
Analyst Mike Burton commented, "Similar to the May-16 quarter, expectations were above average... More
Micron Technology (MU) Guides Q1 Above Expectations
October 4, 2016 4:12 PM EDTMicron Technology (Nasdaq: MU) sees Q117 revenue of $3.55 - $3.85 billion, gross margin of 23% - 25.5%, and EPS of $0.13 - $0.21.
The Street sees Q1 revenue of $3.48 billion and EPS of $0.12.
The company saw accelerating revenue growth with moderating pricing.
... More