Seagate Technology (STX)
January 23, 2023
The shares of Seagate (STX; $63.23; E/W) have now surged 26% just since late-December lows (including +7% today) to levels last seen in mid-September, ahead of the company’s FQ2 (Dec) results and outlook on Wednesday…
October 26, 2022
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…
October 26, 2022
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…
October 20, 2022
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…