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**Micron Technology, Inc. (MU)**, with a current value of $12.44B, opened at $11.53. Looking at the equity, the company’s one day range is $11.52 to $12.41 with its 52-week range being $9.31 to $29.25.

**Micron (MU)** shares are currently priced at 82.57x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.97x earnings multiple for the same period.

Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $-0.09 per share, which would be $0.54 better than the year-ago quarter and a $0.08 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $0.14, which would be a $2.55 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.96 Billion. If realized, that would be a 23.12% decrease over the year-ago quarter.

**More recently, ** Brean Capital Initiated MU at Buy (Apr 15, 2016). Previously, Raymond James upgraded MU from Outperform to Strong Buy. The average price target for MU shares is $13.50, which is 17.09% above where the stock opened this morning.

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**Micron Technology, Inc. (MU)**, valued at $11.94B, opened at $10.82. Shares have traded today between $10.71 and $11.65 per share with the price of the stock fluctuating between $9.31 to $29.45 over the last 52 weeks.

**MU** shares are currently priced at 75.36x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.97x forward p/e ratio.

In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $-0.09 per share, which would be $0.54 better than the year-ago quarter and a $0.08 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $0.14, which would be a $2.55 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.96 Billion. If reported, that would be a 23.12% decrease over the year-ago quarter.

**More recently, ** Brean Capital Initiated MU at Buy (Apr 15, 2016). Previously, Raymond James upgraded MU from Outperform to Strong Buy. Given all the information above, we should disclose to readers that the average price target is $13.52, which is 24.95% above than it opened this morning.

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View the full post at: Notable Earnings: Netflix (NFLX), Rambus (RMBS), IBM (IBM)

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**Micron Technology, Inc. (MU)**, currently valued at $11.24B, opened at $10.30. Looking at today’s market, MU one day range is $10.20 to $10.85 with a one year range of $9.31 to $29.78.

**Micron (MU)** shares are currently priced at 78.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.71x earnings multiple for the same period.

In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $-0.08 per share, which would be $0.54 better than the year-ago quarter and a $0.08 sequential increase. What we find to be interesting is that the full-year EPS estimate of $0.13 is a $2.56 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.96 Billion. If reported, that would be a 23.12% decrease over the year-ago quarter.

**In terms of ratings, ** Macquarie downgraded MU from Outperform to Neutral (Mar 31, 2016). Previously, Bernstein downgraded MU from Outperform to Mkt Perform. The average price target for MU shares by the analysts covering the stock is $13.48, which is 30.87% above where the stock opened this morning.

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**Micron Technology, Inc. (MU)**, currently valued at $10.63B, opened this morning at $10.51. Looking at today’s trading action, the company’s one day range from $10.05 to $10.54 with its 52-week range being $9.31 to $29.78.

**MU** shares are currently priced at 80.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.71x earnings multiple.

Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $-0.08 per share, which would be $0.54 better than the year-ago quarter and a $0.08 sequential increase. The full-year EPS estimate is $0.13 which would be a $2.56 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.96 Billion. If reported, that would be a 23.12% decrease over the year-ago quarter.

**Recently, ** Macquarie downgraded MU from Outperform to Neutral (Mar 31, 2016). Previously, Bernstein downgraded MU from Outperform to Mkt Perform. The average price target for MU shares by the analysts covering it is $13.48, which is 28.26% above where the stock opened.

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**Micron Technology, Inc. (MU)**, with a current market cap of $10.96B, opened this morning at $10.75. Shares have traded today between $10.54 and $10.92 per share and has traded between $9.31 and $29.78 over the past 12 months.

**MU** shares are currently priced at 76.57x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.71x earnings multiple.

In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $-0.08 per share, which would be $0.54 better than the year-ago quarter and a $0.08 sequential increase. The full-year EPS estimate is $0.14, which would be a $2.55 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.96 Billion. If realized, that would be a 23.12% decrease over the year-ago quarter.

**In terms of ratings, ** Macquarie downgraded MU from Outperform to Neutral (Mar 31, 2016). Previously, Bernstein downgraded MU from Outperform to Mkt Perform. Investors should keep in mind is that the average price target is $13.48, which is 25.40% above where the stock opened this morning.

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**Micron Technology, Inc. (MU)**, with a current market cap of $11.11B, started trading this morning at $10.33. Looking at today’s market, MU one day range is $10.24 to $10.83 with its 52-week range being $9.31 to $29.78.

**MU** shares are currently priced at 74.79x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.42x earnings multiple.

Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $-0.08 per share, which would be $0.54 better than the year-ago quarter and a $0.08 sequential increase. What we find to be interesting is that the full-year EPS estimate of $0.14 is a $2.55 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.97 Billion. If reported, that would be a 22.86% decrease over the year-ago quarter.

**In terms of ratings, ** Macquarie downgraded MU from Outperform to Neutral (Mar 31, 2016). Previously, Bernstein downgraded MU from Outperform to Mkt Perform. The average price target for MU shares by the analysts covering it is $13.63, which is 31.95% above where the stock opened.

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**Micron Technology, Inc. (MU)**, with a current value of $10.43B, opened at $10.33. During today’s session, MU traded between $10.01 to $10.47 with a one year range of $9.31 to $29.78.

**MU** shares are currently priced at 30.82x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.69x forward p/e ratio.

Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $0.04 per share, which would be $0.50 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $0.34, which would be a $2.35 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.20 Billion. If realized, that would be a 16.88% decrease over the year-ago quarter.

**More recently, ** Needham downgraded MU from Hold to Underperform (Mar 29, 2016). Previously, Susquehanna downgraded MU from Positive to Neutral. The average price target for MU shares by the analysts covering it is $15.46, which is 49.66% above where the stock opened.

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**Micron Technology, Inc. (MU)**, valued at $10.92B, started trading this morning at $10.51. Looking at the equity, the company’s one day range is $10.40 to $10.95 with the price of the stock fluctuating between $9.31 to $29.78 over the last 52 weeks.

**MU** shares are currently priced at 30.74x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.69x earnings multiple.

According to a consensus of 21 analysts, the earnings estimate of $-0.08 per share would be $0.81 better than the year-ago quarter and a $0.00 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $0.34, which would be a $2.35 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.05 Billion. If reported, that would be a 26.86% decrease over the year-ago quarter.

**More recently, ** Needham downgraded MU from Hold to Underperform (Mar 29, 2016). Previously, Susquehanna downgraded MU from Positive to Neutral. Given all the information above, we should disclose to readers that the average price target is $15.46, which is 47.10% above than it opened this morning.

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**Micron Technology, Inc. (MU)**, with a current value of $10.73B, began trading this morning at $10.15. Today’s price range has been between $10.10 and $10.37 per share with a trailing 52-week range being $9.31 to $29.78.

Priced at 29.66x this year’s forecasted earnings, **MU** shares are relatively expensive compared to the industry’s 3.69x forward p/e ratio.

According to a consensus of 21 analysts, the earnings estimate of $-0.08 per share would be $0.81 better than the year-ago quarter and a $0.00 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $0.35 would be a $2.34 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.05 Billion. If reported, that would be a 26.86% decrease over the year-ago quarter.

**Recently, ** Needham downgraded MU from Hold to Underperform (Mar 29, 2016). Previously, Susquehanna downgraded MU from Positive to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $15.46, which is 52.32% above where the stock opened this morning.

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