IT Hardware

Analysts at Morgan Stanley upgraded Seagate Technology Holdings PLC (NASDAQ: STX) Wednesday, suggesting that the IT hardware industry is entering the final stages of the late cycle and is poised for an early-cycle rebound. The Seagate Analyst: Morgan Stanley’s Erik W Woodring upgraded Seagate...

NetApp Inc. (NASDAQ: NTAP) reported a top-and-bottom line beat in its fiscal third quarter, but shares initially lost more than 7 percent mostly due to a decline in gross margins. The sell-off represents a buying opportunity for investors as the stock boasts significant upside, according to D.A....

Jim Suva of Citi commented on the IT hardware sector, noting that the general theme of IT budgets shifting to security from traditional IT Hardware continues to play out. Suva upgraded shares of Lexmark International Inc (NYSE: LXK) following a 25 percent decline over the last 12 months. Suva...

In a report published Tuesday, RBC Capital Markets analyst Amit Daryanani offered a preview for four IT hardware giants ahead of their respective earnings. According to Daryanani, 2015 has been a volatile year for the IT hardware sector and the volatility will likely persist given sustained...