Seagate Technology Announces Planned Leadership Transition

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Seagate Technology (STX) PT Lowered to $38 at Maxim Group

July 26, 2017 9:16 AM EDT

Maxim Group lowered its price target on Seagate Technology (NASDAQ: STX) to $38.00 (from $46.00) while maintaining a Hold rating. STX reported revenues of $2.4B, below the $2.68B consensus estimate. Management attributed the revenue miss to below plan cloud storage systems revenue and HDD enterprise weakness and... More

Seagate Technology (STX) PT Lowered to $36 at Cowen; Reiterates Market Perform

July 25, 2017 4:51 PM EDT

Cowen lowered its price target on Seagate Technology (NASDAQ: STX) to $36.00 (from $45.00) while maintaining a Market Perform rating following the company's 4Q earnings report. According to analyst Karl Ackerman, the best news out of this report is that Super 7 capex trends remain... More

Seagate Technology (STX) PT Lowered to $35 at Wells Fargo Following 4Q

July 25, 2017 4:02 PM EDT

Wells Fargo lowered its price target on Seagate Technology (NASDAQ: STX) to $35.00 (from $42.00) while maintaining a Market Perform rating following the company's 4Q. EPS of $0.65 was $0.39 lower vs our est. due to lower sales and gross margin. Analyst Maynard Um lowered F18E EPS to $3.71 from... More

Seagate Technology (STX) PT Lowered to $38 at Baird Following 4Q Release

July 25, 2017 3:40 PM EDT

Baird lowered its price target on Seagate Technology (NASDAQ: STX) to $38.00 (from $45.00) while maintaining a Neutral rating following the company's 4Q. Non-GAAP EPS was $0.65, well below the consensus of $0.98. 4Q17 revenue was $2.41 billion, below the $2.5-$2.6 billion guidance and down 10.0% sequentially.

The... More

Seagate Technology (STX) Falls 16% on Big Miss

July 25, 2017 8:06 AM EDT

Seagate Technology (NASDAQ: STX) plunges 15.7% following big miss