UPDATE: Fox Advisors Downgrades Seagate Technology (STX) to Equalweight

Pre-Open Movers: Snap Down on Results, Lack of Guidance; Hospitals Tenet, HCA Jump

Pre-Open Stock Movers:

Snap (NYSE: SNAP) 33% LOWER; reported Q2 EPS of ($0.02), versus the analyst estimate of ($0.20). Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.15 billion. DAUs were 347 million in Q2 2022, an increase of 54 million, or 18%, year-over-year. Given uncertainties related to the operating environment, we are not providing our expectations for revenue or adjusted EBITDA for the third quarter of 2022.

Tenet Healthcare (NYSE: THC) 15% HIGHER; reported Q2 EPS of $1.50, $0.87... More

Seagate Technology (STX) PT Lowered to $75 at Deutsche Bank

Deutsche Bank analyst Sidney Ho lowered the price target on Seagate Technology (NASDAQ: STX) to $75.00 (from $82.00) while maintaining a Hold rating.... More

Craig-Hallum Downgrades Seagate Technology (STX) to Hold

Craig-Hallum analyst Christian Schwab downgraded Seagate Technology (NASDAQ: STX) from Buy to Hold with a price target of $79.00 (from $112.00).

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 $83.61 yesterday.

Seagate Technology (STX) PT Lowered to $58 at Susquehanna

Susquehanna analyst Mehdi Hosseini lowered the price target on Seagate Technology (NASDAQ: STX) to $58.00 (from $67.00) while maintaining a Negative rating.... More

Seagate Technology (STX) PT Lowered to $83 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh lowered the price target on Seagate Technology (NASDAQ: STX) to $83.00 (from $95.00) while maintaining a Neutral rating.... More

Seagate Falls on a Big Miss and Guide Down, Analyst Cuts to Hold on Continued Headwinds

Shares of Seagate Technology (NASDAQ: STX) are down more than 10% in premarket trading Friday after the company reported worse-than-expected Q4 results and issued a weak outlook.

STX reported adjusted EPS of $1.59, down from $2 in the year-ago period and below the consensus projection of $1.91 per share. Revenue came in at $2.63 billion, down 13% YoY and missing the analyst consensus of $2.8 billion.

Adjusted gross margin stood at 29.3%, compared to 29.6% in the year-ago quarter and below the expected 30.2%. Adjusted operating margin was reported at 16.1%, down from 18.1% in the same period last year, while analysts were looking... More

Stocks expected to have increasing option volume: COF STX VZ TWTR AXP HCA CLF

Stocks expected to have increasing option volume: COF STX VZ TWTR AXP HCA CLF

Seagate Technology (STX) PT Lowered to $75 at Goldman Sachs

Goldman Sachs analyst Toshiya Hari lowered the price target on Seagate Technology (NASDAQ: STX) to $75.00 (from $80.00) while maintaining a Neutral rating.... More

Seagate Technology (STX) PT Lowered to $120 at Stifel

Stifel analyst Patrick Ho lowered the price target on Seagate Technology (NASDAQ: STX) to $120.00 (from $125.00) while maintaining a Buy rating.... More

UPDATE: Summit Insights Downgrades Seagate Technology (STX) to Hold

(Updated - July 22, 2022 5:08 AM EDT)

Summit Insights analyst KinNgai Chan downgraded Seagate Technology (NASDAQ: STX) from Buy to Hold.

The analyst comments "While we continue to expect the demand profile in cloud storage to remain somewhat robust through 2H22,... More

After-Hours Movers: Snap Plunges on Weak Results and Lack of Guidance

After-Hours Stock Movers:

Snap (NYSE: SNAP) 26% LOWER; reported Q2 EPS of ($0.02), versus the analyst estimate of ($0.20). Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.15 billion. DAUs were 347 million in Q2 2022, an increase of 54 million, or 18%, year-over-year. Given uncertainties related to the operating environment, we are not providing our expectations for revenue or adjusted EBITDA for the third quarter of 2022.

Intuitive Surgical (NASDAQ:... More

Seagate (STX) Warning More Important Than Snap (SNAP) Disaster - Chanos

Short seller and hedge fund manager Jim Chanos said on Twitter he thinks Seagate Technology's (NASDAQ: STX) warning after the close Thursday may be more important than Snap's (NYSE: SNAP) miss and lack of guidance.

Seagate reported Q4... More

Seagate Technology (STX) Sinks on Q4 Miss, Lower Guidance

Seagate Technology (NASDAQ: STX) shares plunged over 10% after-hours Thursday after posting a fourth-quarter earnings miss and lowering its outlook for the current quarter.

The storage solutions provider reported Q4 EPS of $1.59 coming in worse than the consensus estimate of $1.90. Revenue was $2.63 billion, missing the... More

Western Digital (WDC) Trades Lower in Sympathy with Seagate Technology (STX)

Western Digital (NASDAQ: WDC) Trades Lower in Sympathy with Seagate Technology (NASDAQ: STX)

Seagate Technology (STX) Misses Q4 EPS by 31c; Lowers Outlook

Seagate Technology (NASDAQ: STX) reported Q4 EPS of $1.59, $0.31 worse than the analyst estimate of $1.90. Revenue for the quarter came in at $2.63 billion versus the consensus estimate of $2.8 billion.

GUIDANCE:

Seagate Technology sees Q1 2023 EPS of $1.20-$1.60, versus the consensus of $2.27.... More

Seagate Technology (STX) Halted, News Pending

Seagate Technology (NASDAQ: STX) Halted, News Pending

Seagate Technology (STX) puts more active than calls into quarter results and outlook

Seagate Technology (NASDAQ: STX) July weekly call option implied volatility is at 138, August is at 45; compared to its 52-week range of 30 to 53 into the expected release of quarter results today after the bell. Call put ratio 1 call to 4.7 puts.

Seagate Technology (STX) July weekly 82 straddle priced for a move of 7% into quarter results

Seagate Technology (NASDAQ: STX) July weekly 82 straddle priced for a move of 7% into the expected release of quarter results today.

Seagate Technology (STX) call put ratio 1 call to 9.2 puts with focus on July weekly (29) 55 puts into quarter results

Seagate Technology (NASDAQ: STX) July weekly call option implied volatility is at 110, August is at 45; compared to its 52-week range of 30 to 53 into the expected release of quarter results after the bell on July 21. Call put ratio 1 call to 9.2 puts with focus on July weekly (29) 55 puts.

Seagate Technology (STX) PT Lowered to $120 at BofA Securities

BofA Securities analyst Wamsi Mohan lowered the price target on Seagate Technology (NASDAQ: STX) to $120.00 (from $125.00) while maintaining a Buy rating.... More