Western Digital reported second-quarter results slightly ahead of expectations on strong demand for solid-state drives.» Read More
Jan 27- Western Digital Corp, the world's No. 1 hard-disk drive maker, reported second-quarter results slightly ahead of Wall Street expectations on strong demand for its solid-state drives from enterprise customers. "Every enterprise drive sold contributes the equivalent of what 4-6 desktop drives sold... enterprise drive shipments were up, average selling...
IRVINE, Calif. _ Western Digital Corp. on Tuesday reported fiscal second-quarter net income of $460 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share. Western Digital shares have declined 12 percent since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more...
Seagate Technology fell 7.7 percent to $59.06. 6 D Global Technologies Inc. fell 6.8 percent to $7.03. Integrated Electrical Services Inc. fell 6.3 percent to $7.33.
Seagate Technology's revenue forecast for the current quarter fell well short of analyst estimates, largely due to weakness in Europe.
Jan 26- Hard-drive maker Seagate Technology Plc's revenue forecast for the current quarter fell well short of analyst estimates, largely due to weakness in Europe, sending the company's shares down almost 12 percent in early trading. Seagate's retail business in Europe, which accounts for about 20 percent of the company's revenue, shrank about 5 percent in the...
Jan 26- Hard-drive maker Seagate Technology Plc reported quarterly revenue below analysts' estimates, hurt by lower demand for its products as shipments of personal computers fell. Seagate and rival Western Digital Corp are tapping into the growing demand for products that help store data in the cloud and reducing their dependence on personal computer hard...
U.S. stocks eked out tiny gains on Monday after spending much of the day drifting sideways. Traders welcomed news of several corporate mergers, including an $11 billion deal between reinsurers Axis Capital Holdings and PartnerRe. "Greece was the big driver," said Chris Gaffney, a senior market strategist at EverBank Wealth Management.
Don't worry, be happy. Jim Cramer says these stocks are not affected by the Federal Reserve's announcement to end its bond buying program.
Some of the names on the move ahead of the open.
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Oct 28- Hard-disk drive maker Western Digital Corp reported better-than-expected quarterly profit and revenue as businesses spent more upgrading computers or buying storage for servers and data centers. Western Digital earned $2.10 per share, adjusting for items, in the first quarter ended Oct. 3. More businesses in the United States and Europe upgraded...
Oct 28- Hard-disk drive maker Western Digital Corp reported a 4 percent rise in first-quarter revenue, helped by higher demand for storage products from businesses. The company's net income fell to $423 million, or $1.76 per share, in the quarter ended Oct. 3, from $495 million, or $2.05 per share, a year earlier as sales and marketing costs rose by about 67 percent.
Using the CNBC RQ 50 measure for R&D productivity, we've identified an elite group of companies that merit election to an R&D hall of fame.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Some of Wednesday's midday movers:
"This group is where the action is and I gotta tell ya, people are still under invested," says CNBC's Jim Cramer.
Cramer says the price action in Tuesday’s market is sending an important message about what to buy in the days ahead.
Dropbox has raised more than $1 billion in venture capital, the biggest bet that cloud-based collaboration is the future of the enterprise.
Chipmaker SanDisk said it would buy flash storage device maker Fusion-io for about $1.1 billion.
In a loss for the SEC, a federal jury found the former CEO of sTec not liable for trading on inside information ahead of a secondary stock offering.