Seagate Technology (STX) Tops Q2 EPS by 11c
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February 1, 2016 11:13 AM EST
Brean 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
February 1, 2016 8:52 AM EST
Deutsche 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
February 1, 2016 7:22 AM EST
Benchmark upgraded Seagate Technology (NASDAQ: STX) from Sell to Hold with a price target of $32.00 (from $35.00).
For an analyst ratings summary and ratings history on Seagate Technology click here. For more ratings news on Seagate Technology click here.
Shares of Seagate Technology closed at $29.05 yesterday.
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January 29, 2016 8:14 AM EST
Seagate Technology (NASDAQ: STX) declared a quarterly dividend of $0.63 per share, or $2.52 annualized.
The dividend will be payable on February 23, 2016, to stockholders of record on February 9, 2016, with an ex-dividend date of February 5, 2016.
The annual yield on the dividend is 9.4 percent.
For... More
