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Fly News Breaks for April 20, 2017
STX
Apr 20, 2017 | 10:00 EDT
Cleveland Research analyst Kevin Rottinghaus said he is taking a more cautious view on Seagate for 2017 due to new research that indicates production/quality issues causing a miss to build/shipment targets in 10TB helium and 2.5" SMR drives. The analyst cotinues to see near-term 10TB issues limited margin upside in 1H 2017 and remains cautious on NAND gaining across HDD end markets. Rottinghaus expects Q4 to be slightly below consensus but sees more risk to current 1H 2018 estimates on softer end outlook, increased 2.5" client competition, and continued challenges in ramping/competing in highest capacity near-line offerings. The analyst has a Neutral rating on Seagate shares.
News For STX From the Last 2 Days
STX
Mar 26, 2024 | 16:25 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
STX
Mar 26, 2024 | 12:08 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
STX
Mar 26, 2024 | 09:56 EDT
Notable gainers among liquid option names this morning include Seagate (STX) $96.53 +8.33, McCormick (MKC) $75.66 +5.72, Constellation Energy (CEG) $198.70 +11.44, Tesla (TSLA) $182.50 +9.87, and Western Digital (WDC) $68.30 +3.31.