Seagate Technology (STX) PT Lowered to $44 at Cowen
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Seagate Technology Reports Fourth Quarter and Fiscal Year 2020 Financial Results
July 28, 2020 4:00 PM EDTFiscal Q4 2020 Highlights
Revenue of $2.52 billion GAAP operating margin of 10.6%; non-GAAP operating margin of 14.8% GAAP diluted earnings per share (EPS) of $0.64; non-GAAP diluted EPS of $1.20 Cash flow from operations of $388 million and free cash flow of $274 millionRevenue from mass capacity storage markets increased 35% year-over-year and represented 63% of FQ4 HDD revenue
Fiscal Year 2020 Highlights
Revenue of $10.51 billion GAAP operating margin of 12.4%; non-GAAP operating margin of 14.7% GAAP diluted EPS of $3.79; non-GAAP diluted EPS of $4.95 Cash flow from operations of $1.7... More