RBC Capital Cuts Price Target on Seagate Technology (STX) Following Quarterly Pre-Announcement
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Seagate Technology Announces Preliminary Financial Information for Fiscal First Quarter 2016
October 15, 2015 8:01 AM EDTCUPERTINO, Calif.--(BUSINESS WIRE)-- Seagate Technology plc (NASDAQ: STX), a world leader in storage solutions, today announced selected preliminary financial information for its fiscal first quarter of 2016, which ended on October 2, 2015.
Seagate expects to report revenue of approximately $2.9 billion and non-GAAP gross margin of approximately 24% for the fiscal first quarter 2016. The Company expects to report unit shipments for the fiscal first quarter of approximately 47 million and maintaining approximately 40% market share.
These preliminary results compare to the Companys previously forecasted range for fiscal first quarter of revenue of $2.9 to $3.1 billion and... More
Seagate Demonstrates Cutting-Edge Cloud Storage Products in New Quanta Cloud Technology Solution Center
October 14, 2015 8:02 AM EDTFirst U.S. Location Lets Customers Evaluate Seagate Nytro Flash Accelerator Cards, SAS SSDs and Enterprise Capacity HDDs in QCT Offerings to Help Guide Their Purchase Decisions
CUPERTINO, Calif.--(BUSINESS WIRE)-- Seagate Technology plc (NASDAQ: STX) is bringing technology and expertise to Quanta Cloud Technologys newest solution center, which celebrated its grand opening last week in San Jose, Calif. The QCT Cloud Solution Center, in conjunction with technology leaders such as Seagate, is one of many planned in a global initiative to help meet the growing needs of next... More
