Seagate shares surge on Q2 sales beat, analysts think recovery is near [Seeking Alpha]
Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX)
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm
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Source: Seeking Alpha
Seagate shares surge on Q2 sales beat, analysts think recovery is nearJan. 26, 2023 9:19 AM ETSeagate Technology Holdings plc (STX)WDCBy:Chris CiacciaSA News EditorSundry Photography/iStock Editorial via Getty ImagesSeagate Technology (NASDAQ:surged almost 11%reportedExcluding one-time items, Seagate (in revenue, topping estimates for a profit of 9 cents a share and $1.85B in revenue.Though revenue fell nearly 40% year-over-year, analysts believe the company may be on the verge of a rebound amid the continued weakness in the storage industry."Big picture, we believe [Seagate] is in the midst of the recovery we pointed to in our 2023 Industry Outlook, as inventory at customers continues to get worked down and China slowly emerges from COVID lockdowns," Morgan Stanley analyst Erik Woodring wrote in a note to clients.Woodring kept the firm's overweight rating on Seagate (Competitor Western Digital (Looking to the third quarter, Seagate (Wedbush Securities analyst Matt Bryson, who has a n
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News
- Seagate Technology: Valuation Needs To Go Down Some More To Be Attractive [Seeking Alpha]Seeking Alpha
- Seagate Technology Holdings plc (NASDAQ: STX) had its price target raised by analysts at UBS Group AG from $90.00 to $95.00. They now have a "neutral" rating on the stock.MarketBeat
- Seagate Technology Holdings plc (NASDAQ: STX) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $84.00 to $96.00. They now have a "neutral" rating on the stock.MarketBeat
- Seagate Technology Holdings plc (NASDAQ: STX) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Seagate Technology Holdings plc (NASDAQ: STX) had its price target raised by analysts at Cantor Fitzgerald from $95.00 to $100.00. They now have a "neutral" rating on the stock.MarketBeat
STX
Earnings
- 4/23/24 - Beat
STX
Sec Filings
- 4/25/24 - Form 8-K
- 4/23/24 - Form 8-K
- 4/23/24 - Form 8-K
- STX's page on the SEC website