Seagate Technology Reports Fiscal Second Quarter 2016 Financial Results
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Brean Capital Reiterates Buy on Seagate Technology (STX) Following 2Q Beat
February 1, 2016 11:13 AM ESTBrean 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
Deutsche Bank Cuts Seagate (STX) Price Target to $35; Keeps 'Buy' Rating
February 1, 2016 8:52 AM ESTDeutsche 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
Benchmark Upgrades Seagate Technology (STX) to Hold
February 1, 2016 7:22 AM ESTBenchmark 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.
... MoreSeagate Technology (STX) Declares $0.63 Quarterly Dividend; 9.4% Yield
January 29, 2016 8:14 AM ESTSeagate 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
