Seagate Technology Reports Fiscal Second Quarter 2017 Financial Results

FBN Securities Upgrades Seagate Technology (STX) to Outperform, $55 PT

FBN Securities analyst Shebly Seyrafi upgraded Seagate Technology (NASDAQ: STX) from Sector Perform to Outperform and raised its price target on to $55.00 (from $38.00)

Seyrafi commented, "We are raising our rating on STX from Sector Perform to Outperform and increasing our PT from $38 to $55. Under excellent execution... More

Seagate Technology (STX) PT Raised to $50 at Jefferies Following 2Q Report

Jefferies raised its price target on Seagate Technology (NASDAQ: STX) to $50.00 (from $44.00) while maintaining a Buy rating following the company's 2Q earnings report.

Analyst James Kisner commented, "Seagate reported robust FQ2 (Dec) results with EPS well above Consensus driven by revenue strength... More

Seagate Technology (STX) PT Raised to $45 at Baird Following 2Q Beat

Baird raised its price target on Seagate Technology (NASDAQ: STX) to $45.00 (from $37.00) while maintaining a Neutral rating following 2Q report. STX reported non-GAAP EPS of $1.38, well above consensus of $1.08. Revenue was $2.894 billion, above consensus of $2.828B.

Analyst Tristan Gerra commented, "Seagate's earnings... More

Seagate Technology (STX) Declares $0.63 Quarterly Dividend; 6.7% Yield

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

The dividend will be payable on April 5, 2017, to stockholders of record on March 22, 2017, with an ex-dividend date of March 20, 2017.

The annual yield on the dividend is 6.7 percent.

For... More

Seagate Technology (STX) Tops Q2 EPS by 30c

Seagate Technology (NASDAQ: STX) reported Q2 EPS of $1.38, $0.30 better than the analyst estimate of $1.08. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.83 billion.

"The Companys product execution, operational performance, and financial results improved every quarter throughout 2016. In... More