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Micron FYQ4 On Tap: Look Past ‘Challenging’ DRAM Pricing, Says Cowen

Shares of DRAM and NAND chip maker Micron Technology (MU) are down 36 cents, or 2.4%, at $14.62, in advance of the company’s fiscal Q4 report after the closing bell this afternoon.

The Street has been modeling $3.55 billion in revenue and 31 cents EPS for the quarter.

For those looking to gather any extra data points, Cowen & Co.’s Timothy Arcuri, who has an Outperform rating on the stock, and a $25 price target, today notes that “DRAM ASPs [average selling prices] point to challenging Nov-qtr for MU.”

Micron gets 64% of its quarterly sales from DRAM, he estimates, the rest being NAND.

“But Samsung pulling back on capex and delaying 1x transition should allay fears of...


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