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

Seagate Technology (STX) PT Lowered to $35 at BMO Capital on 4Q Report; 'Market & Operational Issues Amid Management Change'

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

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 $28 at UBS

UBS lowered its price target on Seagate Technology (NASDAQ: STX) to $28.00 (from $34.00) while maintaining a Sell rating.

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

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 $38 at Baird Following 4Q Release

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

Longbow Research Downgrades Seagate Technology (STX) to Neutral

Longbow Research downgraded Seagate Technology (NASDAQ: STX) from Buy to Neutral.

Analyst Joe Wittine removes his $47.00 price target.

For an analyst ratings summary and ratings history on Seagate Technology click here. For more ratings news on Seagate Technology click here.

Shares of Seagate Technology closed at $39.76 yesterday.

Benchmark Downgrades Seagate Technology (STX) to Hold Citing Weak Enterprise and Surveillance Sales Miss

Benchmark downgraded Seagate Technology (NASDAQ: STX) from Buy to Hold.

For an analyst ratings summary and ratings history on Seagate Technology click here. For more ratings news on Seagate Technology click here.

Shares of Seagate Technology closed at $39.76 yesterday.

Pre-Open Movers 07/25: (BKS) (COT) (CAT) Higher; (STX) (NVAX) (GOOGL) Lower (more...)

Today's Pre-Open Stock Movers

Diana Containerships (NASDAQ: DCIX) 43% HIGHER; reported Q2 EPS of $17.27, versus ($6.13) reported last year. Time charter revenue for the quarter came in at $5.5 million, versus $8 million reported last year.

Seagate Technology (NASDAQ: STX) 17.5% LOWER; reported Q4 EPS of $0.65, $0.34 worse than the analyst estimate of $0.99. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.57 billion.

Novavax, Inc. (Nasdaq: NVAX)... More

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

Weakness in Micron Technology (NASDAQ: MU) Tuesday morning was tied to comments from SK Hynix suggesting 3% to 5% higher DRAM wafer capacity, which spooked the market, said Odeon analyst Jahanara Nissar.

Nissar noted that SK Hynix missed DRAM/NAND bit growth guidance... More

Seagate Technology (STX) Falls 16% on Big Miss

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

Western Digital (WDC), Micron (MU) Lower on Big Seagate Miss

Western Digital (NASDAQ: WDC) falls 4% and Micron (NYSE: MU) falls 2.8% following a big miss from rival Seagate (NYSE: STX)

Seagate Technology (STX) Names Dave Mosley as CEO; Steve Luczo to Transition to Executive Chiarman

Seagate Technology plc (NASDAQ: STX) today announced that its Board of Directors has unanimously voted to appoint Dave Mosley, Seagate's President and Chief Operating Officer, as Chief Executive Officer effective October 1, 2017. Mr. Mosley was also appointed to the Board of Directors of Seagate, effective July 25, 2017. Steve Luczo, who currently serves as Chief Executive Officer, will transition to the role of Executive Chairman on October 1, 2017 in order to focus on longer-term shareholder value creation.

"It has been an honor and a privilege for me to have... More

Seagate Technology (STX) Misses Q4 EPS by 34c

Seagate Technology (NASDAQ: STX) reported Q4 EPS of $0.65, $0.34 worse than the analyst estimate of $0.99. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.57 billion.

For earnings history and earnings-related data on Seagate Technology (STX) click here.

Loop Capital Starts Seagate Technology (STX) at Buy

Loop Capital initiates coverage on Seagate Technology (NASDAQ: STX) with a Buy rating and a price target of $50.00.

Analyst Ananda Baruah with the coverage.

For an analyst ratings summary and ratings history on Seagate Technology... More