New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 27, 2014
12:06 EDTWDC, STXSeagate 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
April 16, 2015
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
Subscribe for More Information
April 15, 2015
10:00 EDTWDC, STXOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:07 EDTSTXSeagate initiated with a Buy at Maxim
Subscribe for More Information
06:07 EDTWDCWestern Digital initiated with a Buy at Maxim
Target $131.
April 14, 2015
10:01 EDTSTX, WDCOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
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
Subscribe for More Information
April 13, 2015
07:24 EDTWDCWestern Digital added to Franchise Pick List at Jefferies
Subscribe for More Information
April 12, 2015
16:46 EDTSTXIntel, Seagate may rise despite potentially weak earnings reports, Barron's says
Subscribe for More Information
April 10, 2015
07:23 EDTSTXSeagate April volatility elevated into Q3 and outlook
Subscribe for More Information
April 9, 2015
18:11 EDTSTXWorldwide PC shipments decline 6.7% in Q1, IDC says
Subscribe for More Information
April 7, 2015
15:03 EDTSTXSeagate April volatility elevated
Subscribe for More Information
09:35 EDTSTXActive equity options trading on open
Subscribe for More Information
08:06 EDTSTXSeagate says LaCie doubles capacity of Rugged Thunderbolt SSD
LaCie, the premium brand from Seagate Technology, announced that its Rugged Thunderbolt storage solution will be available in a 1 TB SSD capacity. With double the storage, the new LaCie Rugged is just as portable with no size or weight increase compared to the 500 GB offering.
April 6, 2015
15:58 EDTWDCNeedham says an acquisition of SanDisk is unlikely
Subscribe for More Information
13:35 EDTWDC, STXSanDisk climbs after being identified as 'excellent' takeover target
Subscribe for More Information
10:58 EDTWDCWestern Digital calls active on SanDisk speculation.
Western Digital (WDC) May 92 and 97 are active on 2,500 contracts versus 200 puts following a report by Susquehanna that speculates the company should consider an acquisition of SanDisk (SNDK). The firm believes Western Digital acquiring SanDisk's NAND supply and flash IP would be a transformational move for the company and a 35% premium, or $86 per share, purchase price for SanDisk would be accretive by year two.
08:33 EDTWDCWestern Digital acquisition of SanDisk would be compelling, says Susquehanna
Subscribe for More Information
April 5, 2015
08:43 EDTSTXAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use