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Evercore Turns Bearish On Seagate Due To Limited Upside
Tuesday, September 4, 2018 - 4:34pm | 380Read More...Shares Seagate Technology PLC (NASDAQ: STX) have seen an "excellent run" in 2018, but industry-wide HDD headwinds now warrants a bearish stance on the stock, according to Evercore. The Analyst Evercore ISI's C.J. Muse downgraded Seagate from In Line to Underperform with a price target...
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3 Reasons Why Goldman Turned Bearish On Seagate Technology
Thursday, August 9, 2018 - 12:03pm | 413Read More...Seagate Technology PLC (NASDAQ: STX) deserves credit for improving its product offerings over the past few years to take advantage of an improved hard disk drive market, but a bearish stance is called for, according to Goldman Sachs. The Analyst Goldman Sachs' Mark Delaney downgraded...
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Why Keybanc Is As Bullish As Ever On Marvell Technology
Wednesday, November 29, 2017 - 10:40am | 401Read More...Marvell Technology Group Ltd. (NASDAQ: MRVL) reported third quarter earnings Tuesday, with a top- and bottom-line beat and encouraging guidance for the fourth quarter. The Analyst KeyBanc Capital Markets' Michael McConnell maintains an Overweight rating on Marvell's stock with a...
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Buy Marvell? The Rumored Deal With Cavium Has Real Potential
Monday, November 6, 2017 - 10:20am | 399Read More...Shares of Cavium Inc (NASDAQ: CAVM) were trading higher by more than 13 percent early Monday in reaction to the Wall Street Journal's report last week that the company is in talks to combine its business with Marvell Technology Group Ltd. (NASDAQ: MRVL). As part of a potential merger,...
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Western Digital's Q4: Where It Impressed, Where It Disappointed
Friday, July 28, 2017 - 11:53am | 370Read More...Western Digital Corp (NASDAQ: WDC)'s fiscal fourth-quarter earnings report contained a mixture of good and bad. While investors are focusing on the bad based on the stock's heavy selloff on Friday, BMO Capital Markets' Tim Long maintains an Outperform rating on Western Digital's stock with an...
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Seagate's Path Will Get Much Tougher From Here; Barclays Downgrades To Underweight
Thursday, July 13, 2017 - 11:18am | 377Read More...Shares of Seagate Technology PLC (NASDAQ: STX) lost more than 5 percent Thursday morning, due in part to a downgrade by analysts at Barclays. The firm's Mark Moskowitz downgrades Seagate's stock rating from Neutral to Underweight with a price target slashed from $49 to $40 amid three main concerns...
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On Western Digital's Updated Guidance, B. Riley Still Prefers Marvell
Tuesday, June 27, 2017 - 8:52am | 403Read More...Western Digital Corp (NASDAQ: WDC) issued an unscheduled press release after Monday's market close in which the company updated its fiscal fourth-quarter expectations and reiterated its calendar 2017 earnings per share outlook. Western Digital said it still expects sales in the fourth quarter to be...
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Flash Memory Won't Necessarily Kill The Hard Drive Market For Seagate
Thursday, October 6, 2016 - 11:13am | 415Read More...BTIG said in a research note on Thursday it thinks the logic that proliferation of flash memory will spell the death of hard disk drive is flawed, although it concedes that HDDs are structurally challenged. Focus On Data Growth Analyst Edward Parker suggested that investors should move away from...
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Why This Analyst Called The Western Digital–Unisplendour Deal A 'Huge Positive Landscape Altering Agreement'
Wednesday, September 30, 2015 - 2:17pm | 327Read More...Shares of Western Digital Corp (NASDAQ: WDC) have lost nearly 30 percent year-to-date, despite surging higher by nearly 15 percent on Wednesday. Wednesday's surge follows an announcement that the company has agreed to an equity investment of $3.8 billion from China's Unisplendour. Ananda Baruah of...
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Avago-Broadcom, Google Barrage And Thursday's Biggest Tech Stories...In JP Morgan's Eyes
Friday, May 29, 2015 - 11:40am | 419Read More...In a report published Friday, JP Morgan analyst Rod Hall summarized Thursday's top Wall Street stories. Avago Acquires Broadcom, Says HDD Demand Stabilizing Avago Technologies Ltd (NASDAQ: AVGO) announced its intentions to acquire Broadcom Corporation (NASDAQ: BRCM) for $37 billion....
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SanDisk Is An 'Excellent' Takeover Candidate, Bernstein Analysts Argue
Monday, April 6, 2015 - 10:28am | 243Read More...In a report published Monday, Bernstein analyst Mark Newman commented that following two consecutive quarters of guide-downs, shares of SanDisk Corporation (NASDAQ: SNDK) are now trading approximately 40 percent below its replacement value (fabs, royalty and cash). According to Newman, the 40...
