Seagate Technology Reports Fiscal First Quarter 2017 Financial Results
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Baird Remains Sidelined on Seagate Technology (STX) Following 1Q EPS Beat
October 20, 2016 7:58 AM EDTBaird maintained a Neutral rating and $37.00 price target on Seagate Technology (NASDAQ: STX) following the company's 1Q earnings report. Non-GAAP EPS was $0.99, above the guidance of $0.91 and above consensus of $0.89. Revenue was $2.797 billion, as preannounced by Seagate. For 2Q17, management expects sequentially flat revenue.... More
Seagate (STX) PT Raised to $47 at Needham & Company
October 20, 2016 7:24 AM EDTNeedham & Company analyst Richard Kugele reiterated a Strong Buy rating and raised his price target on Seagate Technology (NASDAQ: STX) to $47.00 (from $43.00) following results.
Kugele commented, "While it can be argued that Seagate was slow to react to the shift in demand... More
Seagate Technology (STX) Declares $0.63 Quarterly Dividend; 7.1% Yield
October 19, 2016 8:03 AM EDTSeagate Technology (NASDAQ: STX) declared a quarterly dividend of $0.63 per share, or $2.52 annualized.
The dividend will be payable on January 4, 2017, to stockholders of record on December 21, 2016, with an ex-dividend date of December 19, 2016.
The annual yield on the dividend is 7.1 percent.
For... More
Seagate Technology (STX) Tops Q1 EPS by 20c
October 19, 2016 8:02 AM EDTSeagate Technology (NASDAQ: STX) reported Q1 EPS of $0.99, $0.20 better than the analyst estimate of $0.79. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.79 billion.
In response to strong cloud storage customer demand, Seagate delivered record levels of exabyte shipments,... More
