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ArchiveData Storage Stocks In Focus As Goldman Comments On A Trio (SNDK, MU, STEC, NTAP, STX, XRTX, WDC)Posted by Todd Shriber at 12:42PM on June 7th
Shares of SanDisk (SNDK), the maker of NAND-based flash storage card products, are modestly higher after Goldman Sachs resumed coverage of the stock with a “buy” rating, noting increased demand for NAND technology in smartphones and tablet devices should be a…  STEC Stomped By Weak Second-Quarter Guidance (STEC, EMC, NTAP, TDC, XRTX, STX, WDC)Posted by Todd Shriber at 11:36AM on May 11th
Shares of STEC Inc. (STEC), the maker of flash memory storage products, are plunging 17% after the company issued second-quarter guidance that is well below Wall Street estimates, citing the recent natural disasters in Japan as reasons why customer orders are… Seagate Leads Data Storage Rally (STX, SMOD, WDC, OCZ, QTM, XRTX)Posted by Todd Shriber at 12:31PM on April 8th
Shares of Seagate Technology (STX), the world’s largest maker of computer disk drives, are surging 9% after the company announced preliminary third-quarter revenue of $2.7 billion, easily topping the $2.62 billion analysts were expecting. Adding to the positive sentiment, Seagate said… Weak Earnings From Xyratex Plague Data Storage Stocks (XRTX, EMC, STX, WDC, SNDK)Posted by Todd Shriber at 1:37PM on April 1st
Shares of Xyratex (XRTX) are plunging 14% after the company posted first-quarter revenue of $360.5 million against the Wall Street estimate of $374.3 million and gave even worse outlook for the fiscal second quarter, saying an adjusted profit of 6 cents… Western Digital Deal Boosts Data Storage Stocks (WDC, STX, XRTX, QTM, STEC, OCZ)Posted by Jason Smith at 12:30PM on March 7th
Shares of Western Digital (WDC) are soaring 14% after the hard-drive manufacturer said it will acquire Hitachi’s hard drive unit for $4.3 billion in cash and stock. The news is proving to be a boon for the Data Storage Stocks Index,… SanDisk Stands Out Among Data Storage Stocks (SNDK, HTCH, IMN, NLST, XRTX, DRAM)Posted by Jason Smith at 12:18PM on December 21st
SanDisk (SNDK) is rallying today after Raymond James upgraded the maker of NAND-based flash storage card products to “outperform” from “market perform” with $63 price target. Shares of SanDisk touched a new 52-week of $51.72, implying there is still significant upside… Data Storage High Fliers Gets More Analyst Love (CML, NLST, HTCH, STX, XRTX, QTM, DELL, ORCL, NTAP)Posted by Christopher Windham at 12:31PM on December 2nd
Shares of data storage company Compellent Technologies (CML) were up about 4% Thursday following an upgrade of the stock by analyst RBC Capital to “outperform.” Compellent’s stock has been surging since October after the data-storage company announced fourth-quarter predictions that were better-than-expected.… Data Storage Stocks Mixed As Seagate Ends Takeover Talks (STX, DRAM, STEC, NLST, CML, QTM, XRTX)Posted by Todd Shriber at 11:23AM on November 30th
Tech stocks are sputtering for a second consecutive day and data storage names are proving vulnerable yet again after Seagate Technology (STX) ended talks to go private. Seagate made the announcement after the market closed on Monday and the shares plunged… Seagate Spikes On Buyout Talks (STX, HTCH, XRTX, STEC, NTAP, SNDK)Posted by Owen Vater at 9:04AM on October 15th
The data storage sector was in focus on Friday after Seagate Technology (STX) announced that it received a preliminary indication of interest regarding a going private transaction. The company did not name its suitor, but Bloomberg reports that private equity firms TPG… Dell Bid Sends 3Par Soaring, Sector Follows (PAR, DELL, ISLN, HTCH, STEC, SMOD, NTAP, XRTX, CML)Posted by Owen Vater at 10:21AM on August 16th
Enterprise data storage firm 3PAR (PAR) spiked by 85% on Monday after a $1.13 billion bid from PC maker Dell (DELL). The offer breaks down to $18 per share in cash, which represents an 87% premium to Friday’s closing value. According to…  |
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