Seagate (STX) Bad Quarter As Expected - Wells Fargo

Seagate Technology (STX) Losses Mount Following Weak Results/Outlook

Seagate Technology (NASDAQ: STX) adds to Friday's big losses following dismal results and outlook. Shares down another 6.7% to $20.28, a new 52-week low.

Analysts across Wall Street were downgrading shares and slashing prices targets this morning.

Jefferies Cut Price Target on Seagate Technology (STX) to $25 Following a Weak 3Q

Jefferies maintained a Buy rating on Seagate Technology (NASDAQ: STX), and cut the price target to $25.00 (from $29.00), following the company's 3Q earnings report. STX reported revenue of $2.59B, missing the Street's $2.61B. EPS of $0.22 missed Consensus of $0.41 due to significantly higher-than-expected tax, slightly... More

UBS Cuts Price Target on Seagate Technology (STX) Following 3Q Report and Guidance

UBS maintained a Sell rating on Seagate Technology (NASDAQ: STX), and cut the price target to $20.00 (from $22.00), following the company's 3Q earnings report. STX reported results in-line with the company's preannouncement, and guided 4Q revenue at $2.3bn. F16 EPS of $1.68 guidance is down from $2.35... More

JPMorgan Downgrades Seagate Technology (STX) to Underweight

JPMorgan downgraded Seagate Technology (NASDAQ: STX) from Neutral to Underweight with a price target of $15.00 (from $30.00).

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 $21.77 yesterday.

RBC Capital Downgrades Seagate Technology (STX) to Sector Perform

RBC Capital downgraded Seagate Technology (NASDAQ: STX) from Outperform to Sector Perform with a price target of $24.00 (from $36.00) 24 after disappointing March-qtr results and June-qtr guide.

Analyst Amit Daryanani commented, "We lowering our rating on STX to SP and target to $24 after disappointing March-qtr... More

Cowen Cuts PT on Seagate (STX) to $23; Q3 Results Worse than Expected

Cowen and Company cuts its price target on Market Perform-rated Seagate Technology (Nasdaq: STX) from $35 down to $23 following Q3 results issued earlier Friday.

Analyst Karl Ackerman offered the following commentary on Seagate following today's report:

Headline EPS guide of ~$0.15 was $0.40 BELOW published Street that came in below even the most... More

Seagate (STX) PT Cut to $25 at Baird

Baird analyst Jayson Noland reiterated a Neutral rating and lowered its price target on Seagate Technology (NASDAQ: STX) to $25.00 (from $31.00).

Noland commented, "Seagate guided down into the June quarter off of a weak March. Management also announced substantial cost reductions forecasting... More

Seagate Technology (STX) Sinks on Weak EPS, Outlook as Dividend Yield Balloons Past 11%

Seagate Technology (NASDAQ: STX) is under heavy pressure (-16.7%) following weak results this morning.

Seagate reported Q3 EPS of $0.22, $0.21 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.62 billion.

The company... More

Seagate Technology (STX) Declares $0.63 Quarterly Dividend; 9.4% Yield

Seagate Technology (NASDAQ: STX) declared a quarterly dividend of $0.63 per share, or $2.52 annualized.

The dividend will be payable on May 24, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016.

The annual yield on the dividend is 9.4 percent.

For... More

Seagate Technology (STX) Misses Q3 EPS by 21c

Seagate Technology (NASDAQ: STX) reported Q3 EPS of $0.22, $0.21 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.62 billion.

For earnings history and earnings-related data on Seagate Technology (STX) click here.