Micron Stock Has a Long Road Ahead
The severe downturn gripping the memory-chip industry appears to be letting up just a bit. (NASDAQ: MU) beat analyst estimates across the board with its results for the fiscal third quarter, which ended June 1, and its guidance called for a small sequential increase in revenue to close out the fiscal year.
On an absolute basis, Micron's results were downright awful:
Micron's inventory levels rose slightly during the quarter despite the write-downs and further production cuts. This is a testament to how weak demand is right now.
Source Fool.com
Micron Technology Inc. Aktie
Micron Technology Inc. wird von der Community leicht favorisiert: Mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 126 € für Micron Technology Inc. weist auf eine Steigerung von über 20% gegenüber dem aktuellen Kurs von 98.0 € hin.