Micron (MU) Defended at Odeon as Shares Weaken Pre-Market

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 EDT

BMO 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 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

Odeon Provides Follow-Up Defense of Micron Technology (MU); 'Buy MU on Weakness'

July 25, 2017 1:38 PM EDT

Odeon Capital analyst Jahanara Nissar provided a follow-up on today's weakness in Micron Technology (NASDAQ: MU) on news SK Hynix is adding 3-5% net DRAM capacity this year, which in her view is a overreaction.

Nissar highlighted the following items to consider:

First, SK Hynix adding 3-5% DRAM capacity... 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

... More