Seagate Technology (STX) Prelim. Q4 Revenue Tops Views; to Cut Headcount by 6,500

Can Seagate (STX) Keep It's Big, Fat, Juicy Dividend After The Major Restructuring?

Yielding 10.5% based on last night's close, Seagate's (NYSE: STX) dividend yield signaled a major red flag as being too good to be true with fears of being cut. However, with last night's massive restructuring and solid revenue guidance fears of a dividend cut are... More

Brean Capital Remains Bullish on Seagate Technology (STX) Following June Pre-Announcement - PT to $35

Brean Capital reiterated a Buy rating on Seagate Technology (NASDAQ: STX), and raised the price target to $35.00 (from $30.00), following the company's June quarter pre-announcement.

Analyst Ananda Baruah commented, "While we continue to believe that STX can generate CY17 EPS of $3.00 - $3.50 (Street at... More

Jefferies Remains Bullish on Seagate Technology (STX) Following 4Q Pre-Announcement

Jefferies reiterated a Buy rating and $26.00 price target on Seagate Technology (NASDAQ: STX) following the company's 4Q pre-announcement. STX pre-announced revenue of $2.65B, better than its $2.3B guidance, and the Street's $2.34B estimate. The improvement was driven by improved demand for HDD products, particularly... More

RBC Capital Raises Price Target on Seagate Technology (STX) Following June Pre-announcement

RBC Capital reiterated a Sector Perform rating on Seagate Technology (NASDAQ: STX), and raised the price target to $27.00 (from $24.00), following the company's positive June pre-announcement. Seagate anticipates revenue of $2.65B, non-GAAP gross margins of 25.8% on 37M units vs. previous guidance of $2.3B revenue and 22.7% gross margin. RBC... More

Mizuho Securities Reiterates Neutral on Seagate Technology (STX) Following June Pre-Announcement

Mizuho Securities maintained a Neutral rating and $23.00 price target on Seagate Technology (NASDAQ: STX) following the company's pre-announced June quarter. Management pre-announced revenue of $2.65B, well above the consensus estimates of $2.34B.

Analyst Vijay Rakesh commented, "STX pre-announced a strong JunQ after... More

Morgan Stanley Upgrades Seagate Technology (STX) to Equalweight

Morgan Stanley upgraded Seagate Technology (NASDAQ: STX) from Underweight to Equalweight with a price target of $27.00 (from $20.00).

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 $24.09 yesterday.

Cowen Lifts PT on Seagate (STX) to $26; Updates Ests Following Positive Q4 Preannouncement

Cowen and Company is lifting its price target on Market Perform-rated Seagate Technology (Nasdaq: STX) from $23 to $26 following positive preliniary Q4 results released Monday.

Analyst Karl Ackerman offered the following commentary late Monday: STXs unit guide implies some share loss during the Q, but we think this was concentrated in... More

Western Digital (WDC) Trades Higher in Sympathy with Seagate (STX)

Western Digital (NASDAQ: WDC) traded higher post-market Monday after Seagate Technology (NASDAQ: STX) reported strong preliminary Q4 revenue and non-GAAP gross margin. Shares of WDC advanced roughly 4%, while Seagate climbed over 13%.