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Stock Market & Financial Investment News

News Breaks
December 10, 2012
11:39 EDTWDC, STXAppeals court affirms ruling in Rembrandt case against Western Digital, Seagate
The U.S. Court of Appeals for the Federal Circuit affirmed a lower court ruling in a patent infringement suit brought by Rembrandt Data Storage against Western Digital (WDC) and Seagate Technology (STX). In its 10-Q filed last month, Western Digital said, "After a favorable claim construction ruling by the court, Western Digital secured a stipulation from [Rembrandt] to dismiss the case. [Rembrandt] has appealed the Courtís claim construction ruling, and the parties await a hearing on the appeal." The asserted patents allegedly relate to specific thin film heads having solenoid coils, according to Western Digital's quarterly filing. Reference Link
News For WDC;STX From The Last 14 Days
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May 1, 2015
16:14 EDTSTXSeagate combines Cloud Systems, Solutions group and Electronic Solutions
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April 29, 2015
10:00 EDTSTXOn The Fly: Analyst Initiation Summary
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09:26 EDTWDCOn The Fly: Pre-market Movers
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08:49 EDTWDCWestern Digital weakness a buying opportunity, says Susquehanna
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07:31 EDTWDCWestern Digital weakness a buying opportunity, says Jefferies
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06:44 EDTSTXSeagate initiated with a Buy at Benchmark Co.
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April 28, 2015
17:31 EDTSTX, WDCSeagate falls 1% after peer Western Digital reports Q3 results, guidance
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17:12 EDTWDCWestern Digital says PC demand impacted by global headwinds
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17:11 EDTWDCWestern Digital sees Q4 EPS $1.50-$1.60, consensus $1.92
Sees Q4 revenue $3.3B-$3.4B, consensus $3.64B. Guidance provided on Q3 earnings conference call.
16:17 EDTWDCWestern Digital reports Q3 EPS $1.87, consensus $1.89
Reports Q3 revenue $3.5B, consensus $3.6B.
15:06 EDTWDCNotable companies reporting after market close
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14:46 EDTWDCWestern Digital technical commentary ahead of earnings
The stock is trading just below its 50-day moving average heading into earnings. On a technical basis the stock does exhibit a topping pattern that could continue on weak news, or be resolved by a strong move higher. The first big level of support is at the $90 area. A move to that level, and eventually lower, would confirm the topping pattern has become dominant and would turn the trend bearish. Support below $90 would be at $88.23. If the news is a bullish surprise, initial resistance would be at the 50-day at $99.98. Thereafter resistance would be at $104.95 and $109.09.
14:39 EDTWDCWestern Digital May weekly volatility elevated into Q3 and outlook
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07:24 EDTWDC, STXJPMorgan 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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