Stock Update (NASDAQ:MU): Micron Simplifies Path to Next-Generation All-Flash Data Center with Introduction of Micron Accelerated Solutions

[GlobeNewswire] – Introducing Micron Accelerated Solutions: a set of solutions built for open source and software-defined data centers that tightly integrate compute and storage with new levels of performance and value … Read more on this. 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. See more in (NASDAQ:MU) Similar Articles: Market Update: Micron Technology Inc (NASDAQ:MU) – Here’s Why Micron Technology (MU) Stock is Advancing Today Market Update (NASDAQ:MU): Micron Introduces Persistent Memory Solution That Combines DRAM Performance With NAND Flash Reliability to Address Big Data Challenges Stock Update (NASDAQ:MU): Micron’s XTRMFlash(TM) Memory Breaks Through NOR Flash Speed Limits to Power Next-Gen, Instant-On Applications