Watching Seagate Technology; Hearing Traders Circulate Company Saying 'Revenue And EPS Are Tracking To Low End Of Prior Guidance Due To Its China Exposure,' At The Goldman Sachs Communacopia And Technology Conference
Portfolio Pulse from Happy Mohamed
Traders are circulating comments from Seagate Technology at the Goldman Sachs Communacopia and Technology Conference, indicating that the company's revenue and EPS are tracking to the low end of prior guidance due to its exposure to China.
September 05, 2023 | 5:24 pm
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NEGATIVE IMPACT
Seagate Technology's exposure to China is causing its revenue and EPS to track towards the lower end of prior guidance.
Seagate Technology's exposure to China is causing its revenue and EPS to track towards the lower end of prior guidance. This news is directly related to the company's financial performance and could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100