Seagate Technology (STX) Tops Q2 EPS by 3c, Revenues Miss; Offers Q3 EPS/Revenue Guidance Above Consensus

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Go back to Seagate Technology (STX) Tops Q2 EPS by 3c, Revenues Miss; Offers Q3 EPS/Revenue Guidance Above Consensus

UPDATE: Stifel Upgrades Seagate Technology (STX) to Buy on Improved Fundamentals and Attractive Valuation

February 2, 2020 7:36 PM EST

(Updated - February 3, 2020 5:32 AM EST)

(updating comment)

Stifel analyst Patrick Ho upgraded Seagate Technology (NASDAQ: STX) from Hold to Buy with a price target of $70.00 (from $62.00).

The analyst comments "Fundamentally, we believe momentum continues in the near-term data center/... More

NAND Price Shows Biggest MoM Increase - KeyBanc (MU)

January 31, 2020 11:49 AM EST

KeyBanc analyst Weston Twigg notes January monthly contract pricing from inSpectrum showed a sharp increase in NAND, stable DRAM:

Twigg comments, "NAND contract pricing for 256Gb TLC was up 14.9% m/m and up 14.9% q/q (up 0.8% y/y); this is the biggest m/m increase we have seen... More