Micron Stock: Should You Sell Due to Wall Street's Rumor Purchases Before Earnings? A Pre-Earnings Examination of This Dot-Com Bubble Survivor.
In the world of technology, the upcoming earnings report from Micron Technology (MU) is generating significant interest. Scheduled for Tuesday, September 23, after market close, the report is expected to shed light on the company's performance for the quarter ending September 23, 2025.
Wall Street anticipates MU's earnings to show sales of approximately $11.16 billion, with estimates ranging between $10.70 billion and $11.50 billion. This represents a substantial increase from the previous quarter's sales of $9.30 billion, reflecting a positive outlook despite MU historically performing in line but not exceeding sales estimates in the past year.
The chart of Micron Technology (MU) shows a history of volatility, a trait that has been evident in the stock's recent performance as well. MU's stock has experienced a significant surge since its April low, reaching $160 as of Wednesday's close. This upward trend, however, should be viewed with caution, given the high expectations for MU's stock.
MU's role in AI accelerator companies' long-term growth estimates and its high-bandwidth memory (HBM) chips, which speed up data movement, make any news from the company significant. However, it's worth noting that MU has shown no return in 25 years, a fact that warrants careful consideration for potential investors.
The Percentage Price Oscillator (PPO) indicator on MU's chart has crossed upward, indicating a potential breakout following the earnings report. This could be influenced by MU's past performance of beating earnings expectations in the past couple of quarters, which has contributed to the current market expectations.
The report of MU's earnings is likely to get more focus due to most big tech companies already reporting results this season. Any news from MU is significant, given its involvement in AI plays and its potential impact on the technology sector.
It's important to remember that the information and data in this article are solely for informational purposes. The author advises caution when investing in MU, and it's always recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.
The range between the high and low earnings estimates for the upcoming quarterly report of MU is narrow, at $2.77 to $2.65. The author suggests looking at MU's historical performance as a proxy for other former dot-com heroes and AI favorites, as a way to gauge the potential outcomes of the upcoming earnings report.
The author, Rob Isbitts, did not have positions in any of the securities mentioned in the article on the date of publication. The author warns about zero return in 25 years as no way to make a living, emphasizing the importance of careful investment decisions.
On June 3, 2025, MU traded intraday at $97 a share, a stark contrast to its low of under $7 a share about three years after its peak at $97 in July 2000. The upcoming earnings report could potentially mark a significant milestone in MU's journey, and the report is likely to attract a lot of attention on Wall Street.
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