Separately, analysts at FBN Securities cut their price target on shares of STEC to $8.50 in a research note to investors on Wednesday, February 29th.
STEC traded up 0.14% on Wednesday, hitting $7.05. STEC has a 1-year low of $6.53 and a 1-year high of $18.48. The company has a market cap of $325.7 million and a price-to-earnings ratio of 1408.00.
STEC last released its earnings data on Tuesday, May 8th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.15) by $0.02. The company’s quarterly revenue was down 46.9% on a year-over-year basis. Analysts expect that STEC will post $-0.17 EPS next quarter.
STEC, Inc. (STEC) is a global provider of enterprise-class Flash-based solid-state drives (SSDs) that are designed for enterprise-class hardware that companies use to retain and access their critical data.