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Micron (MU) Falls More Steeply Than Broader Market: What Investors Need to Know
Yahoo Finance • • business
Key Points:
- Micron Technology (MU) closed the latest trading day at $1,000.26, down 1.61%, underperforming the S&P 500 and other major indices.
- Over the past month, Micron's stock has risen 18.07%, significantly outperforming the Computer and Technology sector and the S&P 500.
- Micron is set to report earnings on September 30, 2026, with forecasts projecting a substantial increase in EPS to $31.39 and revenue of $50.76 billion, representing sharp year-over-year growth.
- The company holds a Zacks Rank of #2 (Buy), with a forward P/E ratio of 6.44, indicating a valuation discount relative to its industry average P/E of 21.01.
- The Computer - Integrated Systems industry, where Micron operates, ranks in the top 12% of industries according to Zacks, suggesting a favorable sector outlook.
