Seagate Technology (STX)


October 26, 2022

A Historically Bad Downturn

By Steven Fox

We reduce F2023/F2024E (Jun) EPS for Seagate (STX; $53.64; E/W) from $3.60/$7.15 to $1.35/$3.20 after it produced an FQ1 (Sept) “miss and lower”, suspended share repurchases (after buying $408mm of stock in FQ1), increased debt…

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October 26, 2022

First Look at FQ1 (Sep) Results and Outlook

By Steven Fox

Seagate (STX; $58.00; E/W) reported FQ1 (Sep) non-GAAP EPS of $0.48, which was well below our $0.65 and the Street’s $0.71 on sales of $2,035mm (vs. our $2,050mm and the Street’s $2,101mm). Recall, STX cut…

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October 20, 2022

Expecting Another Shoe to Drop

By Steven Fox

We think there is another “shoe to drop” on Street estimates for Seagate (STX; $54.19; E/W) with its FQ1 (Sept) results and outlook, scheduled for next Wednesday (10/26 before market), even after a recent series…

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September 1, 2022

Knife Falls Further

By Steven Fox

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August 11, 2022

10-K Tidbits

By Steven Fox

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July 18, 2022

Some FQ4E EPS Preview Thoughts

By Steven Fox

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April 20, 2022

Some More EPS Downside Ahead?

By Steven Fox

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January 28, 2022

Bump Up Estimates on Good Execution

By Steven Fox

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January 20, 2022

Estimates on Solid Ground into Earnings

By Steven Fox

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December 6, 2021

Reducing Rating to Equal-Weight

By Steven Fox

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