Seagate Technology (STX) Issues Positive Q3, FY17 Outlook

Seagate Technology (STX) PT Raised to $50 at Jefferies Following 2Q Report

January 25, 2017 6:58 AM EST

Jefferies raised its price target on Seagate Technology (NASDAQ: STX) to $50.00 (from $44.00) while maintaining a Buy rating following the company's 2Q earnings report.

Analyst James Kisner commented, "Seagate reported robust FQ2 (Dec) results with EPS well above Consensus driven by revenue strength... More

Seagate Technology (STX) PT Raised to $45 at Baird Following 2Q Beat

January 25, 2017 6:53 AM EST

Baird raised its price target on Seagate Technology (NASDAQ: STX) to $45.00 (from $37.00) while maintaining a Neutral rating following 2Q report. STX reported non-GAAP EPS of $1.38, well above consensus of $1.08. Revenue was $2.894 billion, above consensus of $2.828B.

Analyst Tristan Gerra commented, "Seagate's earnings... More

Seagate forecasts third-quarter revenue above estimates

January 24, 2017 4:12 PM EST

(Reuters) - Hard-disk drive maker Seagate Technology Plc forecast current-quarter revenue above estimates, buoyed by strong demand for its cloud-based storage products.

Shares of the company, which also posted higher-than-expected second quarter profit and revenue, soared 13.7 percent to $42.56 in after-market trading on Tuesday.

Seagate has been focusing on cloud-based products as businesses cut spending on traditional storage systems.

"From... More

Seagate Technology (STX) Declares $0.63 Quarterly Dividend; 6.7% Yield

January 24, 2017 4:11 PM EST

Seagate Technology (NASDAQ: STX) declared a quarterly dividend of $0.63 per share, or $2.52 annualized.

The dividend will be payable on April 5, 2017, to stockholders of record on March 22, 2017, with an ex-dividend date of March 20, 2017.

The annual yield on the dividend is 6.7 percent.

For... More

Seagate Technology (STX) Tops Q2 EPS by 30c

January 24, 2017 4:10 PM EST

Seagate Technology (NASDAQ: STX) reported Q2 EPS of $1.38, $0.30 better than the analyst estimate of $1.08. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.83 billion.

"The Companys product execution, operational performance, and financial results improved every quarter throughout 2016. In... More