2015 Seagate Technology Analyst and Investor Strategic Update
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Stifel Reiterates Hold on Seagate Technology (STX) Ahead of Analyst Day
August 28, 2015 1:50 PM UTCStifel reiterated a Hold rating on Seagate Technology (NASDAQ: STX) ahead of the company's annual analyst day. Seagate will be hosting its Annual Analyst Day on 9/2 in NYC.
Analyst Aaron Rakers commented, "We would characterize investor sentiment going into this event as being skeptical / negative with a focus on: 1.) clarity on the assumptions supporting Seagates +10% y/y non-GAAP EPS guide in F2016 we currently model $4.71 (+4% y/y); street at $4.36 (-4% y/y). Revenue growth /... More
