Micron Technology (MU) Q4 Revenue Guidance Falls Short

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

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

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

Roth Capital reiterates a Buy rating on Micron Technology (NASDAQ: MU), and cut the price target to $33.00 (from $40.00), following 3Q15 results. MU reported revenue of $3.853 billion versus Roth's $4.012 billion Estimate, and GAAP EPS results of $0.42 compared to $0.60 estimate.

Analyst Krishna Shankar commented,... More

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

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

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

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

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

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

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

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

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%.

Micron Technology (MU) Misses Q3 EPS by 2c

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