From 24/7 Wall St. · David Moadel · · 1m 10s
Micron Rises 6% as Bulls Tout Bargain Valuation
Micron stock jumps 6% after bulls highlight its cheap valuation and buyback program.
In brief
Micron stock jumps 6% after bulls highlight its cheap valuation and buyback program. Micron Technology stock rose 6% as investors praised its low earnings multiple and $35.16 billion share repurchase program. Originally reported by 24/7 Wall St..
Micron stock rises 6%
Micron Technology stock is at $733.98, up 6% in afternoon trading.
Bull case for Micron
CNBC's Halftime Report highlighted Micron's $100 billion buyback potential at depressed multiples.
Micron's authorized buyback
Micron has authorized a $35.16 billion share repurchase program starting December 9.
Q4 FY2026 results
Micron reported $54.23 billion revenue and $33.2 billion free cash flow for Q4 FY2026.
Q1 FY2027 guidance
Micron guided Q1 FY2027 revenue at $61.5 billion, plus or minus $1.5 billion.
Seagate and Western Digital jump 11%
Seagate and Western Digital stocks rose 11% each after strong Q1 FY2027 reports.
Seagate's Q1 FY2027 results
Seagate reported $4.23 billion revenue, up 61% YoY, with a major cloud provider qualifying its HAMR platform.
Western Digital's Q1 FY2027 results
Western Digital reported $4.38 billion revenue, up 55.5% YoY, with a 17% dividend increase.
The one thing
Micron Technology stock rose 6% as investors praised its low earnings multiple and $35.16 billion share repurchase program.
