Seagate Reports Solid Q2, Analyst Optimistic About Advanced HAMR Technology Impact In 2025
Analyst Insights: Cantor Fitzgerald analyst C.J. Muse maintains a Neutral rating on Seagate Technology with a price target of $120, noting better-than-expected second-quarter results and optimistic projections for future earnings driven by strong demand and supply chain management.
Market Performance: Following the report, Seagate's shares rose nearly 8% to $109.32, reflecting positive investor sentiment amidst expectations of continued revenue growth and advancements in technology.
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Seagate Reports Solid Q2, Analyst Optimistic About Advanced HAMR Technology Impact In 2025
Analyst Insights: Cantor Fitzgerald analyst C.J. Muse maintains a Neutral rating on Seagate Technology with a price target of $120, noting better-than-expected second-quarter results and optimistic projections for future earnings driven by strong demand and supply chain management.
Market Performance: Following the report, Seagate's shares rose nearly 8% to $109.32, reflecting positive investor sentiment amidst expectations of continued revenue growth and advancements in technology.
Seagate Technology Falls Despite Q1 Earnings Beat And Rising Margins
Financial Performance: Seagate Technology reported first-quarter revenue of $2.17 billion, exceeding expectations, with adjusted EPS of $1.58 also beating consensus estimates. The company generated significant operating cash flow and returned $147 million to shareholders through dividends.
Future Outlook: The company anticipates second-quarter adjusted EPS of $1.85 and revenue of $2.30 billion, both above market estimates, while shares have declined by 6.66% to $105.14.
HP Inc. Tightens The Belt: Mixed Q3 Results And Cautious FY24 Outlook
Financial Performance: HP Inc. reported a 2.4% year-over-year increase in net revenue to $13.52 billion, with Personal Systems segment revenue rising by 5%, while Printing segment revenue fell by 3%. Adjusted EPS declined by 3% to $0.83, missing expectations.
Shareholder Returns and Outlook: The company returned $0.9 billion to shareholders through dividends and buybacks, increasing its share repurchase authorization to $10 billion. For the fourth quarter, HP expects adjusted EPS between $0.89 and $0.99, tightening its FY24 outlook for adjusted EPS to $3.35 – $3.45.
Delaware Court Upholds $267M Fee For Dell Shareholders: Report
Dell Technologies Legal Fees Ruling: The Delaware Supreme Court has ruled that five law firms will receive $267 million in legal fees for securing a $1 billion settlement for Dell Technologies shareholders, dismissing claims that the fees were excessive. This ruling could influence Tesla's ongoing legal fee disputes.
Impact on Shareholder Litigation: The court noted that large legal fees can incentivize lawyers to take on challenging cases, with the Dell case's fee being among the largest in Delaware and federal securities litigation, raising concerns about potential windfalls from such awards.
Seagate Reports Solid Q2, Analyst Optimistic About Advanced HAMR Technology Impact In 2025
Analyst Insights: Cantor Fitzgerald analyst C.J. Muse maintains a Neutral rating on Seagate Technology with a price target of $120, noting better-than-expected second-quarter results and optimistic projections for future earnings driven by strong demand and supply chain management.
Market Performance: Following the report, Seagate's shares rose nearly 8% to $109.32, reflecting positive investor sentiment amidst expectations of continued revenue growth and advancements in technology.
Seagate Technology Falls Despite Q1 Earnings Beat And Rising Margins
Financial Performance: Seagate Technology reported first-quarter revenue of $2.17 billion, exceeding expectations, with adjusted EPS of $1.58 also beating consensus estimates. The company generated significant operating cash flow and returned $147 million to shareholders through dividends.
Future Outlook: The company anticipates second-quarter adjusted EPS of $1.85 and revenue of $2.30 billion, both above market estimates, while shares have declined by 6.66% to $105.14.
HP Inc. Tightens The Belt: Mixed Q3 Results And Cautious FY24 Outlook
Financial Performance: HP Inc. reported a 2.4% year-over-year increase in net revenue to $13.52 billion, with Personal Systems segment revenue rising by 5%, while Printing segment revenue fell by 3%. Adjusted EPS declined by 3% to $0.83, missing expectations.
Shareholder Returns and Outlook: The company returned $0.9 billion to shareholders through dividends and buybacks, increasing its share repurchase authorization to $10 billion. For the fourth quarter, HP expects adjusted EPS between $0.89 and $0.99, tightening its FY24 outlook for adjusted EPS to $3.35 – $3.45.
Delaware Court Upholds $267M Fee For Dell Shareholders: Report
Dell Technologies Legal Fees Ruling: The Delaware Supreme Court has ruled that five law firms will receive $267 million in legal fees for securing a $1 billion settlement for Dell Technologies shareholders, dismissing claims that the fees were excessive. This ruling could influence Tesla's ongoing legal fee disputes.
Impact on Shareholder Litigation: The court noted that large legal fees can incentivize lawyers to take on challenging cases, with the Dell case's fee being among the largest in Delaware and federal securities litigation, raising concerns about potential windfalls from such awards.
