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Stock Market & Financial Investment News

News Breaks
January 28, 2014
07:09 EDTSTXSeagate shares still attractive after miss, says Pacific Crest
After Seagate reported weaker than expected results, Pacific Crest remains upbeat about the company's opportunities in data centers. The firm thinks that the company's Xyratex unit could help it increase its enterprise share. Pacific Crest keeps a $65 price target and Outperform rating on the shares.
News For STX From The Last 14 Days
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April 28, 2015
07:24 EDTSTXJPMorgan 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 EDTSTXSeagate assumed with a Neutral at JPMorgan
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April 15, 2015
10:00 EDTSTXOn The Fly: Analyst Initiation Summary
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06:07 EDTSTXSeagate initiated with a Buy at Maxim
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April 14, 2015
10:01 EDTSTXOn The Fly: Analyst Upgrade Summary
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06:25 EDTSTXSeagate upgraded to Neutral from Underperform at BofA/Merrill
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