Micron Technology, Inc.

MU

US5951121038

Semiconductors

Market Closed - Nasdaq Other stock markets 21:00:00 27/06/2024 BST			5-day change	1st Jan Change
132.2 ^USD	-7.12%		-8.29%	+54.94%

12:40am	Wall St. subdued ahead of debate, inflation data	RE
06-27	Technology Shares Fall On Chip Weakness -- Tech Roundup	DJ

Micron Technology : forecasts second-quarter revenue above estimates

January 07, 2021 at 09:06 pm

Jan 7 (Reuters) - Micron Technology Inc on Thursday forecast second-quarter revenue above Wall Street estimates as a global shift to remote work and a recent uptick in 5G smartphone adoption drove demand for its chips.

The chipmaker expects current-quarter revenue to be $5.8 billion, plus or minus $200 million, while analysts on average were expecting $5.50 billion, according to IBES data from Refinitiv. (Reporting by Tiyashi Datta in Bengaluru; Editing by Devika Syamnath)

Latest news about Micron Technology, Inc.

Wall St. subdued ahead of debate, inflation data	11:40pm	RE
Technology Shares Fall On Chip Weakness -- Tech Roundup	06-27	DJ
Wall Street closes subdued as investors sit, wait for inflation data	06-27	RE
Stocks mixed, bond yields dip after US economic data	06-27	RE
Sector Update: Tech Stocks Ease in Late Afternoon	06-27	MT
Argus Raises Micron Technology's Price Target to $170 From $140	06-27	MT
Sector Update: Tech Stocks Mixed Thursday Afternoon	06-27	MT
Sector Update: Tech	06-27	MT
US Equity Indexes Choppy, Treasury Yields Decline in Midday Trading	06-27	MT
US Equity Indexes Edge Higher in Choppy Midday Trading	06-27	MT
UBS Adjusts Micron Technology Price Target to $153 From $155, Maintains Buy Rating	06-27	MT
Wall St listless as eyes on crucial inflation data; Micron, Walgreens slump	06-27	RE
Stocks inch lower as semiconductor shares ease; yen up vs dollar	06-27	RE
Micron Technology Remains Key Beneficiary in Data Centers, AI, 5G Markets, BofA Says	06-27	MT
TSX climbs on broad inclines; US inflation data on tap	06-27	RE
Trending : Micron Posts Better-Than-Expected 3Q Earnings	06-27	DJ
Wall St set for subdued open after economic data; Micron drags chip stocks lower	06-27	RE
Daiwa Securities Raises Price Target on Micron Technology to $175 From $148	06-27	MT
European stocks fall on inflation fears, yen near 38-year low	06-27	RE
TD Cowen Adjusts Price Target on Micron Technology to $160 From $150	06-27	MT
Market Update-Wall Street seen in the red, political risk dominates in Europe	06-27	RE
MICRON TECHNOLOGY INC : UBS reaffirms its Buy rating	06-27	ZD
Futures Decline Pre-Bell as Traders Await Key Economic Data; Asia, Europe Down	06-27	MT
Needham Adjusts Micron Technology Price Target to $150 From $120, Maintains Buy Rating	06-27	MT
Social Buzz: Wallstreetbets Stocks Mostly Lower Pre-Bell Thursday; Micron Technology to Decline, BlackBerry to Open Higher	06-27	MT

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Company Profile

Micron Technology, Inc. specializes in the design, manufacturing and marketing of semiconductors. The group's products include memory products (dynamic memories, flash memories, etc.) and semiconductor systems. Net sales break down by market as follows: - IT infrastructure (36.7%): computers, network systems, graphics systems and cloud servers; - phones and mobile devices (23.4%): smartphones, tablets and mobile devices; - storage media (16.4%): mainly fixed and removable data storage components; - other (23.5%): primarily automotive, connected home and consumer electronics and industries markets. As of 31/08/2023, the group has 11 manufacturing sites worldwide. Net sales are distributed geographically as follows: the United States (50.2%), Taiwan (17.4%), China (14%), Japan (6.4%), Hong Kong (2.1%), Asia/Pacific (4.8%), Europe (4.4%) and other (0.7%).

Sector

Semiconductors

Calendar

25/09/2024 - Q4 2024 Earnings Release (Projected)

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S&P 500

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Analysis / Opinion

Sanjay Mehrotra, CEO of MICRON: Strongest growth since 2011, encouraging outlook

March 21, 2024 at 09:49 pm

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Ratings for Micron Technology, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

132.2 USD

Average target price

158 USD

Spread / Average Target

+19.52%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Micron Technology, Inc.

Equities

MU

US5951121038

Semiconductors

Micron Technology : forecasts second-quarter revenue above estimates

EPS Revisions