Micron Technology (MU) got an upgrade Tuesday, and several analysts lauded the potential benefits of joint ventures the memory chipmaker discussed during its annual analyst day on Friday. The Boise, Idaho-based company discussed a renegotiated supply agreement with Inotera that should result in “significant benefit,” and a new partnership announced Thursday with Seagate Technology (STX), Pacific Crest Securities analyst Monika Garg said in a
Shares of disk drive makers Seagate Technology (STX) and Western Digital tumbled Monday after Seagate posted earnings and gave guidance below Wall Street consensus. Seagate reported earnings per share minus items of $1.35, up 2% from the year-earlier quarter and in line with guidance, for its fiscal second quarter ended Jan. 2. Revenue rose 5% to $3.7 billion, just shy of consensus estimate of $3.74 billion. Weak sales in Europe and weak disk
Disk-drive maker Seagate Technology (STX) got a price target hike from RBC Capital Markets on Tuesday, and the company also announced a reseller agreement with high-performance computing specialist SGI (SGI). Seagate Technology stock was up 1.3% in midday trading in the stock market today, just shy of a nearly 14-year high of 65 that it touched on Nov. 4. Seagate stock carries a solid IBD Relative Strength Rating of 90, putting it among the top