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MICRON TECHNOLOGY, INC.

(MU)
  Report
Real-time Estimate Cboe BZX  -  10:51 2022-11-28 am EST
56.74 USD   -2.87%
11/25Japanese stocks see foreign selling after three weeks of inflows
RE
11/17Trending : Micron to Cut Production of Memory Chips by About 20%
DJ
11/17UBS Adjusts Micron Technology Price Target to $75 From $80, Maintains Buy Rating
MT
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Micron forecasts first-quarter revenue below estimates

09/29/2022 | 04:03pm EST

Sept 29 (Reuters) - Memory chipmaker Micron Technology forecast first-quarter revenue below Wall Street estimates on Thursday as demand from its key end markets including PCs and smartphones worsen amid rising worries about an economic downturn.

The company forecast adjusted current-quarter revenue to be $4.25 billion, plus or minus $250 million. Analysts on average expected revenue to be $5.62 billion, according Refinitiv data. (Reporting by Chavi Mehta in Bengaluru and Jane Lanhee Lee; Editing by Krishna Chandra Eluri)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -1.99% 145.242 Delayed Quote.-16.59%
MICRON TECHNOLOGY, INC. -2.82% 56.87 Delayed Quote.-37.29%
SEAGATE TECHNOLOGY HOLDINGS PLC -2.93% 53.13 Delayed Quote.-51.58%
WESTERN DIGITAL -3.00% 36.26 Delayed Quote.-42.74%
All news about MICRON TECHNOLOGY, INC.
11/25Japanese stocks see foreign selling after three weeks of inflows
RE
11/17Trending : Micron to Cut Production of Memory Chips by About 20%
DJ
11/17UBS Adjusts Micron Technology Price Target to $75 From $80, Maintains Buy Rating
MT
11/17GLOBAL MARKETS-Shares and pound splutter as UK dishes out budget gruel
RE
11/17Micron Announces Further Actions to Address Market Conditions
AQ
11/17Asian Equities Sink on Tech, Central Bank Outlooks
MT
11/17Shares and pound splutter ahead of UK budget
RE
11/17Tech-Sector Reversal Drives Tokyo Equities Lower
MT
11/17Stocks drop as chips rout, Fed hike fears dent risk appetite
RE
11/17Chip shares drag Japan's Nikkei lower; travel stocks jump as tourists return
RE
More news
Analyst Recommendations on MICRON TECHNOLOGY, INC.
More recommendations
Financials (USD)
Sales 2023 18 608 M - -
Net income 2023 -333 M - -
Net cash 2023 2 113 M - -
P/E ratio 2023 -115x
Yield 2023 0,76%
Capitalization 63 502 M 63 502 M -
EV / Sales 2023 3,30x
EV / Sales 2024 2,22x
Nbr of Employees 48 000
Free-Float 88,9%
Chart MICRON TECHNOLOGY, INC.
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Technical analysis trends MICRON TECHNOLOGY, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 38
Last Close Price 58,41 $
Average target price 67,45 $
Spread / Average Target 15,5%
EPS Revisions
Managers and Directors
Sanjay Mehrotra President, Chief Executive Officer & Director
Mark Joseph Murphy Chief Financial Officer & Executive Vice President
Robert E. Switz Director
Scott J. DeBoer Executive Vice President-Technology Development
Manish Bhatia Executive Vice President-Global Operations
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