Susquehanna Downgrades Seagate Technology (STX) to Neutral
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UBS Cuts Price Target on Seagate Technology (STX) to $34 Following Negative Pre-Announcement
October 19, 2015 9:46 AM EDTUBS reiterated a Sell rating on Seagate Technology (NASDAQ: STX), and cut the price target to $34.00 (from $36.00), following a negative 1Q16 pre-announcement.
Analyst John Roy commented, "After the negative preannouncement the question of the day was, why that big of a gross... More
Pacific Crest Downgrades Seagate Technology (STX) to Sector Weight
October 16, 2015 7:55 AM EDTPacific Crest downgraded Seagate Technology (NASDAQ: STX) from Overweight to Sector Weight.
For an analyst ratings summary and ratings history on Seagate Technology click here. For more ratings news on Seagate Technology click here.
Shares of Seagate Technology closed at $41.44 yesterday.
... MoreSeagate (STX) Warning Could Mean Share Gains for Western Digital (WDC) - Goldman Sachs
October 15, 2015 12:18 PM EDTWestern Digital (NASDAQ: WDC) is stabilizing mid-day after morning weakness on the back of a warning from rival Seagate... More
Needham & Company Downgrades Seagate Technology (STX) to Buy
October 15, 2015 11:18 AM EDTNeedham & Company downgraded Seagate Technology (NASDAQ: STX) from Strong Buy to Buy with a price target of $50.00 (from $65.00).
Analyst Richard Kugele commented, "Despite the overall September quarter TAM being above guidance, high-capacity drives were the culprit behind the negative pre-announcement. Datacenter and cloud... More
Stifel Keeps Seagate (STX) as 'Hold' Following Prelim Q1 Results; Sees Western Digital (WDC) Outperforming
October 15, 2015 9:09 AM EDTStifel affirms Seagate (Nasdaq: STX) at Hold following preliminary Q1 results issued on Thursday morning.
Analyst Aaron C. Rakers made the following observations:
Quick Math: based on the above would leave us to consider a F1Q16 non-GAAP EPS in the range of $0.45-$0.50/sh. versus our prior $0.87/sh. estimate (street: $0.85/sh.). Seagate attributed its weaker F1Q16 gross margin to lower-than-expected intra-quarter demand for the companys 4TB... More