Seagate Technology (STX): Restructuring Confirms Dividend and Future EPS Growth - Needham

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