Seagate Technology (STX) Misses Q4 EPS by 34c
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Seagate Technology (STX) PT Lowered to $35 at BMO Capital on 4Q Report; 'Market & Operational Issues Amid Management Change'
July 26, 2017 9:43 AM EDTBMO Capital 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 fourth quarter earnings announcement.
Analyst Tim Long notes the company reported fourth quarter earnings per share and revenue results below... More
Seagate Technology (STX) PT Lowered to $38 at Maxim Group
July 26, 2017 9:16 AM EDTMaxim 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 EDTCowen 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 EDTWells 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 EDTBaird 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 EDTSeagate Technology (NASDAQ: STX) plunges 15.7% following big miss
... More