Seagate Technology Reports Fiscal Third Quarter 2017 Financial Results
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Seagate Technology (STX) PT Lowered to $45 at Stifel; These Two Items Causing Today's Massive Sell-Off
April 26, 2017 1:07 PM EDTStifel lowered its price target on Seagate Technology (NASDAQ: STX) to $45.00 (from $46.00) while maintaining a Hold rating following results today.
Analyst Aaron Rakers thinks the stock has reacted negatively today to these items:
1.) Lack of upside to $5/sh. EPS potential
2.) Moving beyond cost... More
Lack of In-House NAND at Seagate (STX) Hurting - Mizuho
April 26, 2017 12:37 PM EDTMizuho Securities analyst Vijay Rakesh weighed in on Seagate Technology (NASDAQ: STX) following results, which included a modest miss of the top line. Rakesh asks if NAND is making inrounds.
The company noted it was 1) not serving the... More
Seagate Technology (STX) Tops Q3 EPS by 3c
April 26, 2017 8:03 AM EDTSeagate Technology (NASDAQ: STX) reported Q3 EPS of $1.10, $0.03 better than the analyst estimate of $1.07. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.71 billion.
The results of our financial performance this quarter reflect a stable demand environment, good operational... More
