Seagate Technology Reports Fiscal Fourth Quarter and Fiscal Year 2015 Financial Results
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Seagate's (STX) PT Raised to $50 at FBN, Analyst Maintains Sector Perform Rating
July 31, 2015 2:40 PM EDTFBN Securities maintained a Sector Perform rating on Seagate Technology (NASDAQ: STX) but raised its price target to $55.00 (from $50.00). Comments follow Q4 results. Analyst Shebly Seyrafi noted the company gained share and is reducing opex, but he continues to see the stock as fairly valued.
"Although STX expects FQ1 revenue of $2.9-$3.1B, which is below consensus, it... More
Seagate Technology (STX) Tops Q4 EPS by 13c
July 31, 2015 8:04 AM EDTSeagate Technology (NASDAQ: STX) reported Q4 EPS of $0.77, $0.13 better than the analyst estimate of $0.64. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.92 billion.
Over the last few years, Seagate has refined our financial model and global supply chain to... More
