Micron Technology (MU) Tops Q1 EPS by 4c, Q2 Guidance Tops Views
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Brean Capital Raises Price Target on Micron Technology (MU) Following 1Q Earnings Report
December 22, 2016 9:38 AM ESTBrean Capital reiterated a Buy rating on Micron Technology (NASDAQ: MU), and raised the price target to $28.00 (from $25.00), following the company's 1Q earnings report. MU reported Nov-16Q revenue of $3.97B, which was above the mid-point of its pre-announced revenue of $3.94B and ahead of Consensus of $3.80B. OPEX for the Nov-16Q increased by about 10% Q/Q and this resulted in non-GAAP EPS of $0.32 vs. Consensus of $0.28.
Analyst Mike Burton... More
Deutsche Bank Raises Price Target on Micron Technology (MU) to $26 Following 1Q
December 22, 2016 8:25 AM ESTDeutsche Bank reiterated a Buy rating on Micron Technology (NASDAQ: MU), and raised the price target to $26.00 (from $24.00), following the company's 1Q earnings report.
Analyst... More
Needham & Company Upgrades Micron Technology (MU) Two-Notches to Buy, $33 PT
December 22, 2016 7:08 AM ESTNeedham & Company upgraded Micron Technology (NASDAQ: MU) from Underperform to Buy with a price target of $33.00.
Analyst Rajvindra Gill commented, "We believe MU has regained its customer positioning in 20nm, is successfully migrating to 3D NAND (2nd gen 64-layer) and is benefiting from a... More
Micron (MU) PT Lifted to $25 at Baird
December 22, 2016 6:09 AM ESTBaird analyst Tristan Gerra reiterated an Outperform rating and boosted his price target on Micron Technology (NASDAQ: MU) to $25.00 (from $22.00) on a promising initial supply/demand outlook for both DRAM and NAND for C2017.
Gerra commented, "DRAM environment should be marked by lack... More
Micron Technology (MU) PT Raised to $27 at Mizuho
December 22, 2016 6:00 AM ESTMizuho Securities analyst Vijay Rakesh reiterated a Buy rating and raised his price target on Micron Technology (NASDAQ: MU) to $27.00 (from $22.00) following solid results and GM guidance.
Rakesh commented, "Micron reported a strong NovQ in line with its positive preannouncement, and... More
Micron Technology's (MU) Q2 Guidance Tops Views
December 21, 2016 4:10 PM ESTMicron Technology (NASDAQ: MU) sees Q2 EPS of $0.58-$0.68 vs consensus of $0.46. Revenue is seen at $4.35B-$4.70B vs consensus of $4.13B.
FQ2 2017 Guidance NON-GAAP
Revenue $4.35 $4.70 billionGross margin 31% 34%Operating expenses $590 $640 millionOperating income $800 $900 millionDiluted EPS* $0.58 $0.68... More
