Seagate Technology (STX) Tops Q2 EPS by 30c

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) Issues Positive Q3, FY17 Outlook

On its call, Seagate Technology (NASDAQ: STX) said it sees Q3 revenues of about $2.7 billion, versus the consensus of $2.61 billion.

Sees FY17 EPS of at least $4.50, versus the consensus of $3.77. Expects to see revenue growth in 2017.

Remains confident in higher end of long-term 27-32% margin range.

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