Based on the earnings results both WDC and STX have beaten up each other pretty good. I think that is about to change going forward. Both companies realize now that its not worth beating up each other. We will always need two companies because the large oem customers will never depend on one company. So they will play smarter going forward and both should show better bottom lines . It might take 1 to 2 qtrs. but cash flow will continue to be attractive and a good dividend as we wait for recovery. Looks like a buy to me.
Will need to study the numbers but it would appear they will need to layoff and potentially close a plant if they plan to reduce that much. They already are trying to grow back the enterprise business that carries a higher gp level. With their helium drive introduction should help in that area. They should be able to grow gp % back to around 23% from 20%. They might have trouble getting back to 26% gp. I remember Al Shugart would always say maintaining above 25% short term yes long term no. We should get a bounce but you know the saying about catching a falling knife. Good luck to all
Yes I agree this is small potatoes for Steve. But Steve has a good history of judging when to buy and sell. Followed his activity since he was introduced when Seagate bought mpi/cdc. The one thing that amazes me in the past we use to have blackout dates when you couldn't trade company stock yet Steve would legally notify SEC well in advance and would sell in those timeframes but the employees would have to wait.
Actually the article on an agreement with cybr, intel, Symantec is a very positive move. And yes this could also add to speculation.
Ted I just pointing out some low hanging fruit that Seagate mgt. could improve in pr by changing the timing of the earnings reporting. Don't read into this as Seagate has a better chance of increase stock price near term.
I hope it works for you. i was in the computer business before i retired and knew steve jobs indirectly but i do remember when apple almost went down in flames until steve came back to save them. tim c. Really has his work cut out for him. the company is just too big now and lacking the innovation momentum but is a good value company with lots of money.
I hear what your saying but don't get to over confident. uvxy can go in the opposite direction than say qqq. just look back a week or so where it took the opposite direction. With that said you should get some uptick. Good luck. I did dabble with the same assumption but very small qty. Will trade before Janet speaks tomorrow afternoon.
It's always nice to have a home run like that. Even if you sell half now you still have a great story to be told. Kinda like hitting the jackpot on a slot machine. Take the money and run. Good luck.
Change the earnings reporting from Friday's to mid-week like they used to. This Friday thing just smells like they are trying to hide something.
Cook made a mistake. A very bad one that will influence sales and performance for a long time to come. He should have never made public the gov't request and should have helped quietly. Apple has created a bad pr image. Cook might have to go.
You might want to look at a graph from oct. 2015. Oct 15 when Seagate preannounced a miss to get a flavor on the outcome. Not to say history repeats itself but it at least gives you a flavor. You might get a slight bounce up this week before earnings.
Your off. You are confusing millions vs billions dollar wise vs shares. 1 billion dollars in buy backs. They have 66,000,981 outstanding shares at the end of last qtr millions not billions
Looking at the intangibles from earnings it does look like FFIV has turned the corner in a positive way. The new CFO is managing FFIV finances better, they increased this qtr.'s guidance and the original ceo remains in control. Should see a positive bounce for awhile. The only caveat is when they do announce a new ceo will have an impact and depending who it is will either be no impact or a negative impact.
I agree cybr is a good company but ignoring growth in your financial comparison is misleading. Most of the companies you have listed is chasing high growth at the cost of short term profits.
Sentiment: Strong Buy