-
Seagate Technology's Continued Struggles With 10TB Helium Drives Results In A Downgrade
Monday, September 11, 2017 - 9:40am | 357Read More...Seagate Technology PLC (NASDAQ: STX) continues to struggle with ramping its 10TB helium drives, reason enough to prompt analysts at Jefferies to downgrade the stock. The firm's James Kisner downgrades Seagate's stock rating from Buy to Hold with an unchanged $90 price target. Seagate has already...
-
Seagate's Path Will Get Much Tougher From Here; Barclays Downgrades To Underweight
Thursday, July 13, 2017 - 11:18am | 377Read More...Shares of Seagate Technology PLC (NASDAQ: STX) lost more than 5 percent Thursday morning, due in part to a downgrade by analysts at Barclays. The firm's Mark Moskowitz downgrades Seagate's stock rating from Neutral to Underweight with a price target slashed from $49 to $40 amid three main concerns...
-
Seagate And Western Digital Battled For Market Share In Q2
Wednesday, January 25, 2017 - 1:19pm | 360Read More...Shares of Seagate Technology PLC (NASDAQ: STX) soared higher by more than 20 percent Wednesday morning after the company reported its third-quarter results on Tuesday. Jefferies' James Kisner commented in a research report that Seagate's report was "solid," but its gross margin was a "blow-out" at...
-
Analysts Are Not Bothered By Seagate's Additional Taxes
Tuesday, January 6, 2015 - 5:54pm | 571Read More...Shares of Seagate Technology PLC (NASDAQ: STX) have dropped slightly since December 31, when the company agreed to pay an extra $200 million in taxes to China’s Jiangsu Province to settle an auditing issue regarding tax and interest. The 8-K form filed with the SEC explained that Seagate...
-
Seagate Drops 4% After Q2 Earnings Miss
Monday, January 27, 2014 - 5:24pm | 259Read More...Seagate (NASDAQ: STX) is down more than four percent in after-hours trading after the company reported its second quarter results. The data storage firm reported a Q2 EPS of $1.32 versus the Street estimate of $1.38. Earnings per share were down four percent from the year-ago quarter. Revenue...
-
Sony's $399 PlayStation 4 Costs $381 To Produce
Tuesday, November 19, 2013 - 4:10pm | 793Read More...Sony (NYSE: SNE) and most manufacturers typically produce game consoles at a loss until, but PlayStation 4 may already be profitable. According to AllThingsD, which got an early look at the PlayStation 4 teardown from IHS (NYSE: IHS), Sony spends $381 on every unit. The console retails for $399,...
-
Will Apple, Dell And Hewlett-Packard Follow Lenovo And Build Notebooks In-House?
Monday, August 19, 2013 - 3:10pm | 533Read More...Lenovo (OTC: LNVGY) is on the verge of a major shift that could change the landscape of outsourced manufacturing. According to DigiTimes, the Chinese tech giant wants to produce 60 percent of its notebooks in-house next year. In 2013, the company outsourced 75 percent of its notebook production to...
-
Barron's Recap (3/30/13): Michael Dell's Folly
Sunday, March 31, 2013 - 2:17pm | 874Read More...This weekend in Barron's online: the drama over a buyout for Dell, beneficial share buybacks, outraged Russian investors, and the prospects for Eaton, STMicroelectronics and Ruby Tuesday. Cover Story "Michael Dell's Folly" by Andrew Bary. Now that Blackstone Group (NYSE: BX) and activist...
-
Barron's Recap (3/16/13): A New Way to Play Emerging Markets
Saturday, March 16, 2013 - 11:46am | 867Read More...This weekend in Barron's online: a more sophisticated strategy for investing in emerging markets, an ETF special report, and the prospects for The Pantry and Globe Specialty Metals. Cover Story "Emerging Markets: The Next Wave" by Reshma Kapadia. A more complicated global economy calls for a...
-
Seagate Technology Earnings Preview: Double-Digit Revenue, EPS Growth Expected
Monday, October 29, 2012 - 5:25pm | 549Read More...Seagate Technology (NASDAQ: STX), which saw a downgrade by a Citigroup analyst earlier this month, is scheduled to report its fiscal first-quarter 2013 results Tuesday, October 30, after the closing bell. Investors will be evaluating how Seagate has coped with the slowing sales of personal...
-
Seagate Technology Warns of Miss in Revenue, Margin Goals
Friday, July 6, 2012 - 9:06am | 542Read More...Seagate Technology (NASDAQ: STX) tempered investor expectations on Thursday when it announced selected preliminary numbers for its fourth fiscal quarter ending on June 29th, 2012, prior to the company's earnings call scheduled for July 30 after market close. The company said that while it still...
-
Is There a Good Excuse to Explain Intel's 4Q Revenue Miss?
Monday, December 12, 2011 - 1:28pm | 1314Read More...Intel (NASDAQ: INTC) is blaming it on a shortage of hard disk drives. But is that an accurate assessment? While Intel has had a decent (but fluctuating) year, other corporations within the semiconductor industry – including Advanced Micro Devices (NYSE: AMD) and NVIDIA (NASDAQ: NVDA) – have...
-
Seagate Announces World's First 4TB Hard Drive
Wednesday, September 7, 2011 - 7:43am | 515Read More...Seagate announced Wednesday the world's first 3.5-inch 4 terabyte hard drive joining in Seagate's GoFlex Desk external drive family. The drive, which is available now for $249.99 from Seagate's website, features 4TB of storage and ships with USB 3.0 connections, which is also compatible with USB...
-
Wedbus Raises Seagate Price Target To $20
Wednesday, April 20, 2011 - 8:16am | 124Read More...According to Wedbush, Seagate Technology (NASDAQ: STX) margins are likely to improve with industry consolidation. Wedbush said that it is raising the price target to $20 from $17. “We believe that the fundamentals of HDD stocks (STX and WDC) are improving, which provides a buying opportunity for...
-
Brean Murray Comments On Industry Consolidations (STX, WDC)
Monday, March 21, 2011 - 9:03am | 244Read More...While the impact of the Japanese tragedy remains uncertain, “our work suggests some haircut to PC demand, with the disk drive impact less clear; our work suggests PC demand has begun slowing a bit in Asia (as well as in Japan) as some are taking a ‘wait and see' approach to the potential...
