Seagate Technology Reports Fiscal Second Quarter 2021 Financial Results
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Seagate Technology (STX) PT Raised to $66 at Cowen
January 22, 2021 7:25 AM ESTCowen analyst Karl Ackerman raised the price target on Seagate Technology (NASDAQ: STX) to $66.00 (from $65.00) while maintaining a Market Perform rating.
The analyst commented, "Results were good, but the previous outlook for flattish F21 sales left little wiggle room for improving fundamentals relative to... More
Seagate Technology (STX) Tops Q2 EPS by 16c, Revenues Beat; Offers 3Q EPS/Revenue Guidance
January 21, 2021 4:08 PM ESTSeagate Technology (NASDAQ: STX) reported Q2 EPS of $1.29, $0.16 better than the analyst estimate of $1.13. Revenue for the quarter came in at $2.62 billion versus the consensus estimate of $2.56 billion.
Revenue of $2.62 billionGAAP operating margin of 13.3%; non-GAAP operating margin of 14.7%GAAP diluted earnings per share (EPS) of $1.12; non-GAAP diluted EPS of $1.29Cash flow from operations of $473 million and free cash flow of $314 millionReturned $1.2 billion to shareholders through dividends and the repurchase of 18 million ordinary sharesDeclared cash... More