Micron Says Remain Unclear As To What Security Concerns Exist; Had No Complaints From Customers On The Security Of Our Products; Estimating Impact In The Range Of The Low Single Digits Percent Of Total Revenue And High Single Digit Percentage At The High
Portfolio Pulse from Benzinga Newsdesk
Micron remains unclear about the security concerns surrounding its products, stating that it has received no complaints from customers. The company estimates the impact to be in the low single digits percent of total revenue and high single digits percentage at the high end.
May 22, 2023 | 12:22 pm
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NEGATIVE IMPACT
Micron Technology (MU) is uncertain about security concerns related to its products, with no customer complaints. The impact is estimated to be in the low single digits percent of total revenue and high single digits percentage at the high end.
The uncertainty surrounding Micron's security concerns may negatively impact its stock price in the short term. The estimated impact on revenue, although in the single digits, could still be significant for the company. The lack of clarity on the issue may cause investors to be cautious, leading to a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100