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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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December 1, 2015
08:13 EDTSTXSeagate, Newisys demonstrate flash storage architecture capable of 1TB/s
Seagate (STX) and Newsisys, a division of Sanmina (SANM), announced that 21 Newisys NSS-2601 with dual NSS-HWxEA Storage Server Modules deployed with Seagate's newest SAS 1200.2 SSD drives can be combined in a single 42U rack to achieve block I/O performance of 1TB/s with 5PB of storage. Each Newisys 2U server with 60 Seagate SSDs is capable of achieving bandwidth of 49GB/s. "This is one of the highest storage densities ever achieved in the industry, and holds the potential for new breakthroughs in storage system performance," said Brett Pemble, VP and general manager of flash products, Seagate. "Our partnership with Newisys enables us to continue to innovate with how storage is architected."
07:48 EDTSTXNasdaq to hold a conference
33rd OMX Investor Program is being held in London, England on December 1-2.
November 29, 2015
12:57 EDTSTXHigh-yield tech stocks could offer significant returns, Barron's says
Growth-focused investors have piled into Facebook (FB), Alphabet (GOOG, GOOGL), Salesforce (CRM), and others, but if the "current situation" changes, high-yield stocks with compelling valuations could grab some of the spotlight, Barron's contends in a feature story. The publication names Seagate (STX), Garmin (GRMN), Qualcomm (QCOM), Hewlett-Packard (HPQ), IBM (IBM), and Western Digital (WDC) as attractive plays, noting that their dividends -- ranging 3.2% to 7.3% -- look secure and offer nice rewards for those willing to wait for potential turnarounds or strategic transactions. Reference Link
November 19, 2015
10:00 EDTSTXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Dick's Sporting (DKS) upgraded to Buy from Neutral at Monness Crespi... Fairchild (FCS) upgraded to Neutral from Underperform at Credit Suisse... Fiesta Restaurant (FRGI) upgraded to Strong Buy from Outperform at Raymond James... General Dynamics (GD) upgraded to Buy from Hold at Argus... Genomic Health (GHDX) upgraded to Outperform from Market Perform at Cowen... National Grid (NGG) upgraded to Outperform from Sector Perform at RBC Capital... ON Semiconductor (ON) upgraded to Buy from Neutral at Citi... Papa John's (PZZA) upgraded to Buy from Neutral at Sidoti... QEP Resources (QEP) upgraded to Buy from Neutral at Goldman... Seagate (STX) upgraded to Buy on selloff, dividend yield at Craig-Hallum... Sunoco (SUN) upgraded to Outperform at Credit Suisse... Tetraphase (TTPH) upgraded to Buy from Neutral at SunTrust... Wendy's (WEN) upgraded to Conviction Buy from Neutral at Goldman.
07:28 EDTSTXSeagate upgraded to Buy on selloff, dividend yield at Craig-Hallum
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November 18, 2015
08:19 EDTSTXRBC Capital to hold a tour
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