Seagate shares slide 5% premarket as sales fall and profit guidance falls short [MarketWatch]
Last seagate tech earnings: 4/22 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations: seagate.com/investors/overview
Seagate shares slide 5% premarket as sales fall and profit guidance falls short Seagate Technology PLC shares STX, -4.43% fell 5$ in premarket trade Friday, after the maker of hard disk drives and storage products said revenue fell in its fiscal fourth quarter and offered soft profit guidance. Cupertino, Calif.-based Seagate said it had net income of $983 million, or $3.54 a share, in the quarter to June 28, up from $461 million, or $1.57 a share, in the year-earlier period. The number was boosted by a one-time tax benefit of $702 million. Excluding that benefit, adjusted per-share earnings came to 86 cents, ahead of the 84 cents FactSet consensus. Revenue fell to $2.371 billion from $2.835 billion, ahead of the FactSet consensus of $2.326 billion. "As we enter our next fiscal year, global industry conditions have started to improve, particularly among cloud and hyperscale customers," Chief Executive Dave Mosley said in a statement. "Seagate is in a strong strategic position to add
[Read more]
| Impact snapshot | Event time: | STX | ||||
|---|---|---|---|---|---|---|
|
Last Price
|
Price Change
|
Price Change %
|
Volume Shares
|
Max Up
|
Max Down
|
Volume Ratio
%
|
Performance comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last price | ||
| VWAP | ||
|
High:
|
Max up |
High:
|
|
Low:
|
Max down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event Day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance Since Event
Time and Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
SIGN UP TODAY
Opt-in for
STX alerts
STX alerts
from News Quantified
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
STX alerts
High impacting Seagate Tech news events
Weekly update
A roundup of the hottest topics
STX
News
- Seagate Technology plc (<a href="https://www.marketbeat.com/stocks/NASDAQ/STX/price-target/">NASDAQ: STX</a>) had its price target raised by analysts at Rosenblatt Securities from $90.00 to $95.00. They now have a "buy" rating on the stocMarketBeat
- Seagate Technology plc (<a href="https://www.marketbeat.com/stocks/NASDAQ/STX/price-target/">NASDAQ: STX</a>) had its price target raised by analysts at Rosenblatt Securities from $90.00 to $95.00. They now have a "buy" rating on the stocMarketBeat
- Seagate Technology plc (<a href="https://www.marketbeat.com/stocks/NASDAQ/STX/price-target/">NASDAQ: STX</a>) had its price target raised by analysts at Morgan Stanley from $90.00 to $98.00. They now have an "overweight" rating on the stoMarketBeat
- Seagate Technology plc (<a href="https://www.marketbeat.com/stocks/NASDAQ/STX/price-target/">NASDAQ: STX</a>) had its price target raised by analysts at Morgan Stanley from $90.00 to $98.00. They now have an "overweight" rating on the stoMarketBeat
- Seagate Technology plc (<a href="https://www.marketbeat.com/stocks/NASDAQ/STX/price-target/">NASDAQ: STX</a>) had its price target raised by analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $75.00 tMarketBeat
- More
STX
SEC Filings
- 5/5/21 - Form 4
- 5/5/21 - Form 4
- 5/4/21 - Form 4
- STX's page on the SEC website
- More