Updated Chart for this company, markets ripped and than OptionEx took over.
- Wednesday 9:58 AM Seagate (STX +15.8%) soars to levels not seen since 2007 after beating FQ2 estimates and guiding for strong 2012 growth. Helping matters is an upgrade to Buy from Stifel, which asserts Seagate is benefiting from "positive structural changes" in the hard drive industry, such as consolidation and slowing density growth, rather than just its relative immunity to Thailand's floods. WDC +5.1% in sympathy.
- Tuesday 5:27 PM Seagate (STX) guides on its FQ2 earnings call (webcast) for FQ3 revenue to exceed $4.3B (consensus is for $4.34B). The company also expect FQ4 revenue to exceed $5B, and calendar 2012 sales to be
roughly $20B.
- Tuesday 4:17 PM Seagate Technology (STX): FQ2 EPS of $1.32 beats by $0.24. Revenue of $3.2B (+17.5% Y/Y) beats by $60M.
