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Stock Market & Financial Investment News

News Breaks
May 27, 2014
12:06 EDTSTX, WDCSeagate rises after firm recommends buying shares
Shares of hard disk drive maker Seagate (STX) are climbing after RBC Capital recommended buying the stock following its recent decline. WHAT'S NEW: Investors should own Seagate during the second half of this year and beyond, as several positive catalysts could drive the stock higher, RBC analyst Amit Daryanani wrote in a note to investors disseminated earlier today. Stronger than expected sales to companies and other organizations could enable Seagate's results to surpass expectations in the second half of this year, the analyst stated. Moreover, the proliferation of data is likely to enable Seagate to sustain a compound annual growth rate of more than about 35%, making it attractive over the long-term, the analyst contended. Additional cost cutting going forward is also likely to boost the company, added Daryanani, who kept a $60 price target and Outperform rating on the stock. PRICE ACTION: Near noon, Seagate rose 2% to $53, while Western Digital (WDC), another hard disk drive maker, climbed 2.2% to $86.66.
News For STX;WDC From The Last 14 Days
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October 29, 2014
06:37 EDTWDCWestern Digital pullback a buying opportunity, says Citigroup
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October 28, 2014
18:42 EDTWDC, STXOn The Fly: After Hours Movers
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17:13 EDTWDCWestern Digital expects Q2 adjusted EPS $2.00-$2.10, consensus $2.20
The company expects Q2 revenue $3.75B-$3.85B, consensus $3.90B. The company expects Q2 gross margin to be flat year over year at approximately 30%.
16:25 EDTWDCWestern Digital reports Q1 adjusted EPS $2.10, consensus $2.03
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12:41 EDTSTX, WDCEarnings Preview: Western Digital shares slump ahead of Q1 report
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07:40 EDTSTXSeagate valuation remains underappreciated, says Brean Capital
Brean Capital said they remain extremely positive on Seagate following its better than expected Q1 report. The firm continues to like the set-up, including its gross margins dynamics, free cash flow and enterprise value. Brean Capital reiterates its Buy rating and $70 price target on Seagate shares.
06:29 EDTSTXSeagate guidance better than feared, says Citigroup
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October 27, 2014
09:02 EDTSTXSysorex unit announces reseller partner agreements with Seagate,Basho
Lilien Systems, a wholly-owned subsidiary of Sysorex Global (SYRX), announced new strategic reseller partner agreements with Seagate (STX) Technology’s Cloud Systems and Solutions and Basho Technologies to address the emerging and growing market of object storage solutions, which IDC Marketscape estimates to be a $21.7B market by 2017. The company said it believes the combination of technologies and services from Basho, Seagate and Lilien, respectively, form a synergistic foundation for delivering reliable, scalable object storage solutions and services to enterprise customers. Forthcoming object storage solutions resulting from the partnership will target on-premises or private cloud environments for medium to large enterprises.
08:07 EDTSTXSeagate reports Q1 EPS ex-items $1.34, consensus $1.25
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October 24, 2014
10:43 EDTSTXSeagate technical comments ahead of earnings
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October 23, 2014
12:43 EDTSTXSeagate weekly volatility increases into Q1 and outlook
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October 22, 2014
16:46 EDTSTXSeagate increases targeted annual dividend 26% to $2.16
Seagate Technology announced that its board of directors has approved a 26% increase in the company’s targeted regular cash dividend. The targeted annual dividend will increase from $1.72 to $2.16 per share and will continue to be paid quarterly. The first payment at the new quarterly rate of 54c per share is scheduled to be paid on November 25 to stockholders of record as of the close of business on November 11. The declaration and payment of any future quarterly dividends will continue to be at the discretion of the board of directors and will be dependent upon Seagate’s financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the board
October 19, 2014
12:14 EDTWDCWestern Digital looks like inexpensive big data play, Barron's says
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