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Stock Market & Financial Investment News

News Breaks
March 14, 2014
09:20 EDTWDC, STXSeagate on track for March guidance, says Needham
Needham calls Seagate (STX) and Western Digital (WDC) "bastions of stability" amid the uncertain macro and political environment. The firm sees stable demand in the hard disk drive space and thinks Seagate is on track for its March guidance. Needham has a Buy rating on the stock with a $62 price target.
News For STX;WDC From The Last 14 Days
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April 28, 2015
07:24 EDTWDC, STXJPMorgan cautious on Western Digital into earnings
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April 22, 2015
19:36 EDTSTXSeagate announces new $2.5B share repurchase authorization
Seagate Technology announced that its board has authorized the company to repurchase up to $2.5B of its outstanding ordinary shares. As a result of the April Authorization, Seagate currently has an aggregate authority to repurchase approximately $3.1B of its ordinary shares.
19:35 EDTSTXSeagate announces new $2.5B share repurchase authorization
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April 20, 2015
10:11 EDTSTXOptions with decreasing implied volatility
Options with decreasing implied volatility: BPT WETF NFLX BMRN SNDK STX TSM MAT FAST INTC
07:38 EDTSTXBrean Capital still sees Seagate as a favorite secular long
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April 17, 2015
10:14 EDTSTXOptions with decreasing implied volatility
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09:26 EDTSTXSeagate sees Q4 revenue $3.2B-$3.3B, consensus $3.4B
Sees Q4 addressable market to be relatively flat with Q3. Sees Q4 margins approximately 28.5%. Sees Q4 operating expenses at $555M. CEO Stephen Luczo stated that the second half of FY15 will be stronger than the first half, with demand coming from the PC market, seasonal gaming demand, and continued stability in the enterprise market with potential upside from hyper scale deployments. Guidance provided during Q4 earnings conference call.
08:04 EDTSTXSeagate reports Q3 EPS adjusted $1.08, consensus $1.04
Reports Q3 revenue $3.3B, consensus $3.4B. “In light of dynamic market conditions this quarter we are quite satisfied with our operational performance and ability to return value to shareholders,” said Steve Luczo, Seagate’s chairman and CEO. “Near-term macro uncertainty is affecting certain areas of our addressable market however we remain optimistic that market demand for exabytes of storage will continue to increase over the long-term. Looking ahead, we are focused on aligning our storage technology portfolio effectively to capitalize on market growth opportunities, demonstrating operating profitability and returning value to shareholders.”
April 16, 2015
15:44 EDTSTXSeagate April 56 straddle priced for 4.7% movement into Q3
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15:23 EDTSTXNotable companies reporting before tomorrow's open
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15:20 EDTSTXSeagate technical notes before earnings
The stock on a long-term basis, 5-year chart, has broken its uptrend support line at the 50-week moving average. If the news is more bullish than expected, that moving average could come into play as resistance. That would put the first significant upside test at $59.24. Resistance above that would be at $63.39. If the news is more bearish than expected, the first significant area of support would be at $51.05, a recent pivot low. The $50 level has been important support through the prior year. A breakdown before that level would therefore be particularly bearish. Next support below $50 would be at $48.49, the 52-week low.
06:31 EDTWDCWestern Digital assumed with an Overweight at JPMorgan
Price target lowered to $105 from $115.
06:31 EDTSTXSeagate assumed with a Neutral at JPMorgan
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April 15, 2015
10:00 EDTSTX, WDCOn The Fly: Analyst Initiation Summary
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06:07 EDTSTXSeagate initiated with a Buy at Maxim
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06:07 EDTWDCWestern Digital initiated with a Buy at Maxim
Target $131.
April 14, 2015
10:01 EDTWDC, STXOn The Fly: Analyst Upgrade Summary
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06:25 EDTWDCWestern Digital upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded Western Digital to Buy and maintained its $117 price target. The firm believes fundamentals have bottomed and valuation is attractive at current levels. BofA/Merrill lowered estimates on further PC weakness but said pricing is holding up and the mix shift to capacity HDDs is driving ASP and margin improvement.
06:25 EDTSTXSeagate upgraded to Neutral from Underperform at BofA/Merrill
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