Seagate Technology (STX) Tops Q2 EPS by 1c
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January 26, 2015 11:21 AM EST
FBN Securities maintained a Sector Perform rating on Seagate Technology (NASDAQ: STX) and lowered its price target to $60.00 (from $65.00). The change follows Q2 results.
Analyst Shebly Seyrafi, "The company reported a slight revenue miss due to lower than expected HDD ASP and in line NG EPS. Moreover, the company is guiding for the FQ3/Mar. quarter TAM to be only 135M units, down ~8% Q/Q from 147M (above guidance of 145M units) as concerns about... More
January 26, 2015 8:01 AM EST
Seagate Technology (NASDAQ: STX) declared a quarterly dividend of $0.54 per share, or $2.16 annualized.
The dividend will be payable on February 24, 2015, to stockholders of record on February 10, 2015, with an ex-dividend date of February 6, 2015.
The annual yield on the dividend is 3.4 percent.
For... More
