Seagate Technology Reports Fiscal First Quarter 2016 Financial Results
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Stifel Reiterates Hold on Seagate Technology (STX) Following 1Q16 and 2Q Guidance
October 30, 2015 1:57 PM EDTStifel reiterated a Hold rating on Seagate Technology (NASDAQ: STX) following the company's 1Q16 earnings report and 2Q guidance. Seagate has guided F2Q16 at $2.9-$3.0B with a GM% at 25.5%-26.0% and opex of ~$485M.
Analyst Aaron Rakers commented, "Maintain Hold; reduce... More
Seagate Technology (STX) Tops Q1 EPS by 4c
October 30, 2015 8:36 AM EDTSeagate Technology (NASDAQ: STX) reported Q1 EPS of $0.54, $0.04 better than the analyst estimate of $0.50. Revenue for the quarter came in at $2.93 billion versus the consensus estimate of $2.92 billion.
During the quarter, we made solid progress against our core initiatives to bolster our product... More
