Get Stock Quote Here Seagate Technology PLC (SXT) (commonly referred to as Seagate) is an American data storage company. It was incorporated in 1978 as Shugart Technology. Since 2010, the company is incorporated in Dublin, Ireland, with operational headquarters in Cupertino, California, United States. Seagate developed the first 5.25-inch hard disk drive (HDD), the 5-megabyte ST-506, in 1980. They were a major supplier in the microcomputer market during the 1980s, especially after the introduction of the IBM XT in 1983. Today Seagate along with Western Digital dominates the HDD market. Much of their growth has come through acquisition of competitors. In 1989, Seagate acquired Control Data Corporation's Imprimis division, makers of CDC's HDD products. Seagate acquired Conner Peripherals in 1996, Maxtor in 2006, and Samsung's HDD business in 2011.
Seagate Technology (STX) Stock Downgraded at Deutsche Bank NEW YORK (TheStreet) -- Shares of Seagate Technology (STX) are down 0.02% to $35.03 in early morning trading on Wednesday after the data storage manufacturer's stock rating was lowered to "hold" from "buy" at Deutsche Bank. Read full article here: http://www.thestreet.com/story/1352...gy-stx-stock-downgraded-at-deutsche-bank.html
Shares of Seagate Technology (SXT) sank in extended trading after the company announced disappointing demand and margins in the March quarter. The data storage company said fiscal third-quarter sales were expected to hit $2.6 billion, compared to its prior forecast of $2.7 billion. The stock dropped 6% in after hours trading to $31.82 from a close of $33.93 (which was already a 3% drop).
Dropped over 20% today after the poor earnings report yesterday. Probably gonna continue down to at least support at $26, then could go down even further. We'll have to see how it bounces.
Reported before open today (4/29/16) Earnings: EPS $0.22 Revenue $2.6B Estimates: EPS $0.40 Revenue $2.6B Down 0.22% in pre-market
down -7% this morning Seagate Technology (STX) Stock Lower, Pre-Announces Q1 Results NEW YORK -- Shares of Seagate Technology (STX) were declining in pre-market trading on Tuesday despite the Cupertino, CA-based data storage company pre-announcing 2017 first-quarter financial results that were above analysts' estimates. Seagate expects revenue to be about $2.8 billion, higher than its prior estimate of $2.7 billion. Wall Street is looking for revenue of $2.74 billion. The company's gross margin outlook is now 29%, up from its previous forecast of 27%. Seagate said its outlook was boosted by better-than-expected demand for its enterprise hard disk drive products. "This quarter we returned to our long-term targeted margin profitability and operating income ranges and generated significant cash flow from operations," said Seagate CEO Steve Luczo in a statement. The company will post its full first-quarter earnings on Oct. 19 before the opening bell.
Reported before open today (10/19/16) Earnings: EPS $0.99 Revenue $2.8B Estimates: EPS $0.79 Revenue $2.79B Down 2.89% today
Reported after the bell today (01/24/17) Earnings: EPS $1.38 Revenue $2.9B Estimates: EPS $1.07 Revenue $2.83B
Made a nice little profit today on this one. Did a super bull. Which is, sell a put option and buy a call spread. Worked out perfectly.
Probably won't take a position, but was looking through some stocks that I've watched at any point in the past for any reason at all and came across this one. Actually looking like a decent bounce spot, or a gap down.
Great partnership announcement with Baidu. Going back to $50. Book it, PE of 12 is so low for high quality tech company paying fat dividend.
Seagate Technology PLC (STX) released its fiscal first-quarter financial results before the markets opened on Monday. The company has seen a somewhat slow 2017 despite a rally in the tech sector and markets hitting new highs, but with the first quarter of its new fiscal year in the books, Seagate looks like it is getting back on track. The company said that it had $0.96 in earnings per share (EPS) and $2.6 billion in revenue. That compared with consensus estimates from Thomson Reuters of $0.85 in EPS and revenue of $2.52 billion. In the same period of last year, Seagate posted EPS of $0.99 and $2.8 billion in revenue.
Seagate beats Street 2Q forecasts Source: https://www.cnbc.com/2018/01/29/the-associated-press-seagate-beats-street-2q-forecasts.html Seagate Technology PLC (STX) on Monday reported fiscal second-quarter net income of $159 million. On a per-share basis, the Dublin-based company said it had profit of 55 cents. Earnings, adjusted for pretax expenses and restructuring costs, were $1.48 per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share. The electronic storage maker posted revenue of $2.91 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $2.9 billion. Currently up 2.84% pre-market
