Micron (MU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Micron (MU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Micron Technology (NASDAQ: MU) is a world-leading producer of memory (DRAM) and storage (NAND) semiconductors for a variety of applications. Its chips power some of the world's favorite electronics, including 5G-enabled smartphones and data centers that host cloud-based online experiences. Micron's stock price is down 42% from its all-time high as weakness in the broader economy is pointing to a sharp contraction in the company's financials in fiscal 2023.