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Fly News Breaks for January 14, 2019
STX
Jan 14, 2019 | 08:46 EDT
Evercore ISI analyst C.J. Muse cut his price target for Seagate to $33 from $40 and maintained an Underperform rating, telling investors in a research note that he sees topline and gross margin headwinds on worsening client HDD trends and wear nearline demand. Longer term, the analyst says he is "worried" about price competitive QLC NAND displacing HDDs in nearline, especially for cold storage-type workloads, which he says could emerge exciting CY19.
News For STX From the Last 2 Days
STX
Apr 24, 2024 | 16:14 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
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