Seagate Technology Reports Fiscal Second Quarter 2021 Financial Results
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Go back to Seagate Technology Reports Fiscal Second Quarter 2021 Financial Results
January 22, 2021 7:25 AM EST
Cowen analyst Karl Ackerman raised the price target on Seagate Technology (NASDAQ: STX) to $66.00 (from $65.00) while maintaining a Market Perform rating.
The analyst commented, "Results were good, but the previous outlook for flattish F21 sales left little wiggle room for improving fundamentals relative to... More
January 21, 2021 4:08 PM EST
Seagate Technology (NASDAQ: STX) reported Q2 EPS of $1.29, $0.16 better than the analyst estimate of $1.13. Revenue for the quarter came in at $2.62 billion versus the consensus estimate of $2.56 billion.
Revenue of $2.62 billionGAAP operating margin of 13.3%; non-GAAP operating margin of 14.7%GAAP diluted earnings per share (EPS) of $1.12; non-GAAP diluted EPS of $1.29Cash flow from operations of $473 million and free cash flow of $314 millionReturned $1.2 billion to shareholders through dividends and the repurchase of 18 million ordinary sharesDeclared cash...
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