Will Seagate Technology Holdings plc stock rise Wednesday?
Seagate Technology Holdings PLC stock rises Wednesday, still underperforms market Feb. 9, 2022 at 5:23 p.m. ETby MarketWatch Automation Seagate Technology Holdings PLC stock underperforms Tuesday when compared to competitors despite daily gains Feb. 8, 2022 at 5:23 p.m. ETby MarketWatch Automation
How many Buy ratings does Seagate Technology have?
Buy Number of Ratings 27Full Ratings Recent News MarketWatchDow Jones Seagate Technology Holdings PLC stock underperforms Monday when compared to competitors Feb. 14, 2022 at 5:23 p.m. ETby MarketWatch Automation
Is Seagate Technology’s dividend sustainable?
Seagate Technology pays a meaningful dividend of 3.10%, higher than the bottom 25% of all stocks that pay dividends. Seagate Technology has only been increasing its dividend for 3 years. The dividend payout ratio of Seagate Technology is 35.13%. This payout ratio is at a healthy, sustainable level, below 75%.
What companies are related to Seagate Technology?
Some companies that are related to Seagate Technology include NetApp (NTAP), Western Digital (WDC), Pure Storage (PSTG), Quantum (QMCO), digitiliti (DIGI) and Cambex (CBEX). View all of STX's competitors. What other stocks do shareholders of Seagate Technology own?
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Is Seagate stock a buy?
Seagate is a strong buy as we expect the demand-supply dynamic for the HDD industry to be more favorable in 2H22. We see the demand for large-cap HDD in the cloud data center to accelerate in 2H22. We also see a healthier pricing environment and a more favorable product mix for the large-cap HDD market in the 2H22.
Is Seagate overvalued?
Seagate Technology Hldgs has a current Real Value of $53.83 per share. The regular price of the company is $71.44. At this time, the company appears to be overvalued....1.02.LowTarget PriceHigh22.0043.3756.00
How do I buy Seagate stock?
How to buy shares in Seagate TechnologyCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Is STX stock a buy right now?
20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 10 hold...
Will Seagate Technology's stock price go up in 2022?
20 equities research analysts have issued 12-month price targets for Seagate Technology's shares. Their forecasts range from $67.00 to $130.00. On...
How has Seagate Technology's stock price performed in 2022?
Seagate Technology's stock was trading at $112.98 at the start of the year. Since then, STX stock has decreased by 25.2% and is now trading at $84....
When is Seagate Technology's next earnings date?
Seagate Technology is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022. View our earnings forecast for S...
How were Seagate Technology's earnings last quarter?
Seagate Technology Holdings plc (NASDAQ:STX) issued its quarterly earnings data on Wednesday, April, 27th. The data storage provider reported $1.81...
How often does Seagate Technology pay dividends? What is the dividend yield for Seagate Technology?
Seagate Technology declared a quarterly dividend on Thursday, April 28th. Stockholders of record on Friday, June 24th will be paid a dividend of $0...
Is Seagate Technology a good dividend stock?
Seagate Technology(NASDAQ:STX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 3.39%. Seagate Technology has been...
What guidance has Seagate Technology issued on next quarter's earnings?
Seagate Technology updated its fourth quarter earnings guidance on Wednesday, April, 27th. The company provided EPS guidance of $1.70-2.10 for the...
Who are Seagate Technology's key executives?
Seagate Technology's management team includes the following people: Dr. William David Mosley , CEO & Director (Age 55, Pay $3.11M) Mr. Gianluca...
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When will Seagate Technology release its earnings?
Investment company UNIVEST FINANCIAL Corp (Current Portfolio) buys Technology Select Sector SPDR ETF, Vanguard Total Bond Market ETF, Abbott Laboratories, Seagate Technology Holdings PLC, Southern Co, sells Fiserv Inc, Global Payments Inc, Paychex Inc, Avery Dennison Corp, Medtronic PLC during the 3-months ended 2021Q4, according to the most recent filings of the investment company, UNIVEST FINANCIAL Corp..
How much money does Seagate make?
Seagate Technology is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021. View our earnings forecast for Seagate Technology.
What is Seagate's EPS for 2022?
How much money does Seagate Technology make? Seagate Technology has a market capitalization of $19.56 billion and generates $10.68 billion in revenue each year. The data storage provider earns $1.00 billion in net income (profit) each year or $5.27 on an earnings per share basis.
Is Seagate Technology a hold?
Seagate Technology issued an update on its first quarter 2022 earnings guidance on Wednesday, July, 21st. The company provided EPS guidance of $2.050-$2.350 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.850.
What happened
Wall Street analysts have given Seagate Technology a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Seagate Technology wasn't one of them.
So what
Computer memory maker Seagate Technology ( STX -2.29% ) reported a modest earnings beat Wednesday evening, but the reaction in its stock price Thursday morning was downright immodest. After having been up by more than 20% earlier in the session, as of 11:55 a.m. ET, Seagate's shares were up 12%.
NASDAQ: STX
Seagate's numbers weren't just relatively better than expected -- they were objectively superb. Sales for the fiscal quarter, which ended Dec. 31, were up 19% year over year, and gross profit margins on those sales widened from 26.8% to 30.4%.
Now what
Operating profit margins grew even more, jumping from 13.3% to 18.6%, and on the bottom line, net income nearly doubled year over year to $2.23 per share. (The $2.41 figure cited above was, sadly, a non-GAAP number .)
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Turning to guidance, Seagate said it expects to record $2.9 billion in revenue in fiscal Q3 2022 (the current quarter), "plus or minus $150 million." Once again, that matches analysts' consensus revenue estimate of $2.9 billion.
A positive investor caused the stock to pop
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What happened
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
So what
Shares of Seagate Technology PLC ( NASDAQ:STX) jumped today after tech stocks rallied in the broader market and after an analyst's investor note suggested a new cryptocurrency could boost demand for hard disks.
Now what
Many technology stocks were rebounding today after taking a hit for most of this year. Investors appear interested in tech stocks again after several months of a sell-off. Investor sentiment may be shifting back to technology stocks as investors try to figure out how to invest in a U.S.
Where is Seagate located?
Investors have been all over the place with tech stocks lately, so keep in mind that there could be more volatility ahead with Seagate's stock as investors try to map out their investing strategies right now. But if a new cryptocurrency does in fact boost storage demand, then Seagate investors are right to be optimistic today.
Is Seagate stock going up in 2021?
It was incorporated in 1978, as Shugart Technology. Since 2010, the company is incorporated in Dublin, Ireland, with operational headquarters in Cupertino, California, United States.
What happened
While the broader markets have seen a recovery over the past two days, Seagate stock dropped further. Seagate reported full-year 2021 earnings, with revenue coming in only marginally higher at $10.68 billion. However, rising operating margins and a $160 million increase in other income, saw EPS rise from $3.83 to $5.43.
So what
Shares of Seagate Technology ( STX ) have tanked today, down by 10% as of 12:05 p.m. EDT, after the company reported fiscal fourth-quarter earnings. The results missed expectations and guidance was underwhelming.
Now what
Revenue in the fiscal fourth quarter was $2.52 billion, shy of the $2.62 billion in sales that analysts were expecting. That resulted in adjusted earnings per share of $1.20, missing the consensus estimate of $1.23 per share in adjusted profits. The computing storage tech company blamed the shortfall on the coronavirus pandemic.
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Seagate's outlook was also below Wall Street's forecasts. Revenue in the fiscal first quarter is expected to be in the range of $2.1 billion to $2.5 billion, with adjusted earnings per share of $0.70 to $1.00. Analysts are currently modeling for $2.6 billion in revenue and $1.27 per share in adjusted earnings.
Blame the downgrade
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What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
Shares of Seagate Technology ( NASDAQ:STX) closed down 7.7% on Tuesday after falling as much as 9.8% earlier in the day. The most likely reason for the sell-off: a downgrade from analysts at Evercore ISI.
Now what
Last month, Goldman warned investors that the solid-state disk drive market was in a state of oversupply, with weak pricing that could create "secular challenges" for companies like Seagate that sell not only SSDs, but hard disk drives (HDDs) as well.
