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Benchmark analyst Mark Miller on Thursday cut his rating on Seagate Technology Holdings Plc STX, -3.54% to hold from buy after the data center company reduced its business forecast for its first fiscal quarter of 2023. Shares of Seagate fell 2.5% in premarket trades.
Seagate Technology Holdings plc (NASDAQ:STX ) Deutsche Bank 2022 Technology Conference Call August 31, 2022 1:30 PM ET Company Participants Gianluca Romano - Chief Financial Officer Conference Call Participants Sidney Ho - Deutsche Bank Sidney Ho Okay, well, let's get started. Good morning, everyone.
Seagate Technology Holdings PLC cut its earnings and revenue forecast Wednesday because of a “worsening economic backdrop,” and the hard-drive maker warned of slowing activity by cloud-computing providers.
Seagate Technology Holdings Inc. STX, -4.33% issued a profit warning for its fiscal first quarter on Wednesday, citing a worsening macroeconomic backdrop. The Fremont, Calif.
The bear market is firmly in place so long as the economy worsens. The incoming recession is a necessary headwind.
The hard-drive maker is bracing for a tough slowdown.
We should see a reversal in the bear market at some point, and you can get ready by learning about these tech stocks to buy on the dip. The post 7 Tech Stocks to Buy on the Dip appeared first on InvestorPlace.
Seagate misses on the top and bottom lines -- and delivers an earnings warning to boot.
Seagate's (STX) Q4 revenues are affected by macro-related headwinds and non-HDD component shortages.
Snap Inc. (NYSE: SNAP) fell 28.4% to $11.70 in pre-market trading after the company reported worse-than-expected Q2 results, announced a reduction in the hiring rate and did not provide guidance. Intuitive Surgical, Inc. (NASDAQ: ISRG) shares fell 11.9% to $198.00 in pre-market trading after the.