Micron: Limited Downside With 40%+ Upside

Sep. 29, 2021 3:29 PM ETMicron Technology, Inc. (MU) StockMU23 Comments

Summary

  • Although Micron had a positive earnings report yesterday (beating on the top and bottom line), the company lowered its guidance for the next quarter.
  • Shares initially traded off on the news, but have since stabilized.
  • The risk/reward profile on the stock is very attractive going forward.

risk reward

abluecup/iStock via Getty Images

Micron Technology (NASDAQ:MU) reported earnings last night and the stock is in the process of adjusting to the new information this morning.

Even though the company beat on the top ($8.27B in sales vs. $8.21B consensus) and bottom lines ($2.42

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