Carylon buys MU 15.91: Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company.

Several other equities analysts have also commented on MU. The 12-month consensus target price on the stock is $21.73. The stock closed higher 7.72% at $15.91 in the last trading session. Analysts at Stifel also weighed in on the memory maker, reiterating a Buy rating along with a target price of $23. Out of 35 analysts polled by Bloomberg, 26 rate Micron Technology stock a Buy, eight rate it a Hold, while the rest rate it a Sell. Analysts at UBS have further increased FY16 and FY17 adjusted EPS estimates to $1.01 and $1.75 from $1.00 and $1.70, respectively. The memory chipmaker reported adjusted earnings per share of $0.37, beating the estimate of $0.34. Revenue clocked in at $3.6 billion, marginally ahead of the estimate of $3.56 billion.


Deadra:
Despite the ongoing weakness in DRAM pricing, Micron Technology managed to deliver better than expected results for the quarter, surprising doubters on Wall Street.

Jenniffer:
Though the stock traded up over 7% following the release, neither the company's results nor its guidance are anything to celebrate.

Alla:
Micron is a great example of why investors shouldn't blindly base their valuations on trailing earnings or even analyst estimates; the latter can change, and the former aren't indicative of future earnings, especially for a cyclical company like Micron.

Sherill:
Micron's guidance suggests that things are going to get worse before they get better.

Seema:
For now, Micron's mobile segment is still extremely profitable, but it's something that investors should keep an eye on.

Tamela:
Smartphone sales are slowing compared to the rapid growth of the past few years, and there's a risk that DRAM or NAND oversupply could develop in the mobile market.

Nina:
In the mobile business, a decline in the operating margin is a potential red flag.

Masako:
Margins in the PC business are collapsing, and PC sales will need to strongly rebound for things to improve.

Charity:
It was an ugly quarter for Micron, no matter how you slice it.

Irmgard:
The storage business unit, which contains NAND products, suffered a sales decline of 6%, along with an operating loss of $46 million, worse than a $33 million operating from the previous quarter.

Micron Technology (NASDAQ:MU)
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