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The Latest Breaking News from STX

Seagate Misses Q3 Consensus Due To Macro Headwinds On Video and Image Applications; Bets On Cloud

Seagate Technology Holdings PLC (NASDAQ:STX) reported third-quarter FY22 revenue growth of 2.6% year-on-year to $2.80 billion missing the consensus of $2.81 billion. The non-GAAP gross margin expanded 180 bps to 29.2%. The non-GAAP operating margin expanded 140 bps to 16.8%. Non-GAAP EPS of $1.81 missed the consensus of $1.89. Seagate generated $460 million…

Rosenblatt Did Not See Any Surprise From Seagate, Western Digital - Read Why

Rosenblatt Did Not See Any Surprise From Seagate, Western Digital - Read Why

Rosenblatt did not expect any surprises from Seagate Technology Holdings PLC (NASDAQ:STX) and Western Digital Corp (NASDAQ:WDC) pre-announcing their March quarter results. The June quarter outlook is a different story. Continued COVID-related shutdowns in China may further delay security system deployments that use HDD storage. June quarter HDD revenue could have some upside if the…

Wells Fargo Slashed Price Targets On Seagate and Western Digital - Read Why

Wells Fargo Slashed Price Targets On Seagate and Western Digital - Read Why

Wells Fargo analyst Aaron Rakers maintained Seagate Technology Holdings PLC (NASDAQ:STX) with an Equal-Weight and reduced the price target from $110 to $90 (8.1% upside). Rakers maintained Western Digital Corp (NASDAQ:WDC) with an Overweight and decreased the price target from $80 to $70 (45.6% upside). Rakers reduced its estimates on Seagate and Western Digital ahead of their upcoming earnings releases. Also…

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Seagate, Western Digital Shares Lose Steam Post Rating Downgrade, Price Target Cut

Susquehanna analyst Mehdi Hosseini downgraded the Seagate Technology Holdings PLC (NASDAQ:STX) to Negative and Western Digital Corp (NASDAQ:WDC) to Neutral. Hosseini slashed Seagate's price targets to $65 (20.7% downside) and Western Digital to $50 (6.3% upside). Even though hard disk drive shipments are likely to be higher in the near term and the second half of 2022 and…

3 Tech Stocks to Scoop Up After Sharp Declines: Seagate Technology, NICE, and Ericsson

Skyrocketing inflation, rising interest rates, and a geopolitical crisis caused by Russia’s invasion of Ukraine, have triggered massive selloffs in the technology sector. However, these conditions represent a great opportunity to buy stocks on their price dips. So, we think it could be wise to invest in financially solid tech…

4 Buy-Rated Computer Hardware Stocks to Add to Your Watchlist

Rapid digitalization and continuing hybrid working arrangements have been driving the growth of the computer hardware market. So, we think computer hardware stocks Daktronics (DAKT), AstroNova (ALOT), Canon (CAJ), and Seagate Technology (STX) could be solid additions to one’s watchlist. These stocks are rated Buy or Strong Buy in our…

Better Buy for 2022: Seagate Technologies vs. Western Digital

The expected continuation of hybrid working and the digitization trend should keep driving the demand for computer hardware. Therefore, Western Digital (WDC) and Seagate Technology (STX) should benefit. But which of these two stocks is a better buy now? Read more to find out.

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