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Stock Market & Financial Investment News

News Breaks
July 17, 2014
08:14 EDTSTXSeagate July weekly volatility elevated into Q2 and outlook
Seagate July weekly call option implied volatility is at 47, August is at 31, September is at 26, December is at 25; compared to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 21.
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March 31, 2015
07:19 EDTSTXWestern Digital Seagate estimates lowered below consensus at Stifel
Stifel lowered its Q3 and Q4 estimates for Western Digital (WDC) and Seagate (STX) below consensus levels to reflect weaker than expected HDD demand for Q3 and the firm's belief that trends will be flattish into Q4. The firm keeps a Buy rating on Western Digital ,citing what it sees as the company's positive enterprise portfolio positioning, its ability to leverage a more variable costs model, and its positive free cash flow outlook. It keeps a Hold rating on Seagate.
March 23, 2015
08:03 EDTSTXSeagate Q2 visibility remains limited, says BofA/Merrill
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March 19, 2015
09:16 EDTSTXPope Resources appoints John Lamb to VP and CFO effective April 20
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