Seagate Technology Reports Fiscal Third Quarter 2022 Financial Results

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Seagate Technology (STX) PT Lowered to $95 at Mizuho Securities

April 27, 2022 3:48 PM EDT

Mizuho Securities analyst Vijay Rakesh lowered the price target on Seagate Technology (NASDAQ: STX) to $95.00 (from $105.00) while maintaining a Neutral rating.

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Seagate Technology (STX) PT Lowered to $100 at Rosenblatt

April 27, 2022 1:56 PM EDT

Rosenblatt analyst Kevin Cassidy lowered the price target on Seagate Technology (NASDAQ: STX) to $100.00 (from $120.00) while maintaining a Buy rating following earnings.

The analyst commented, "Tactical challenges discussed by Seagate management last month are expected to linger at least through the June 2022 quarter.... More

Seagate Technology (STX) Misses Q3 EPS by 5c; Guides Q4 Below Street at Midpoint

April 27, 2022 8:07 AM EDT

Seagate Technology (NASDAQ: STX) reported Q3 EPS of $1.81, $0.05 worse than the analyst estimate of $1.86. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.79 billion.

GUIDANCE:

Seagate Technology sees Q4 2022 EPS of $1.70-$2.10 ($1.90 midpoint), versus the consensus of $2.05.... More