Benchmark Upgrades Seagate Technology (STX) to Hold
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Brean Capital Reiterates Buy on Seagate Technology (STX) Following 2Q Beat
February 1, 2016 11:13 AM ESTBrean Capital reiterated a Buy rating and $65.00 price target on Seagate Technology (NASDAQ: STX) following the company's 2Q earnings report. STX reported revenue and EPS of $2.99B and $0.82 vs. Street's $2.94B and $0.71, and GM expanded sequentially to 25.6%. Revenue of $3.0B was... More
Deutsche Bank Cuts Seagate (STX) Price Target to $35; Keeps 'Buy' Rating
February 1, 2016 8:52 AM ESTDeutsche Bank analyst, Sherri Scribner, cut her PT on Seagate Technology (NASDAQ: STX) on the potential for weak future demand and a lower multiple going forward.
Results beat expectations on solid cost management, as STX works to realign its cost structure to the current demand environment. Guidance was lower than Consensus, but not as bad as feared. Growth may be limited for the HDD market but the underlying mix shift in the HDD industry is a positive for sales and GMs... More
Seagate Technology (STX) Tops Q2 EPS by 11c
January 29, 2016 8:00 AM ESTSeagate Technology (NASDAQ: STX) reported Q2 EPS of $0.82, $0.11 better than the analyst estimate of $0.71. Revenue for the quarter came in at $2.99 billion versus the consensus estimate of $2.94 billion.
During the second quarter, the Company generated approximately $382 million in operating cash flow, paid cash dividends of $188... More
