Why should you buy Seagate stock in Q2?
Seagate's (STX) Q2 performance is likely to gain from solid demand for mass capacity storage solutions driven by healthy cloud data center demand and a recovering enterprise market. Salvus Wealth Management, LLC Buys Verizon Communications Inc, Gartner Inc, Nike Inc, Sells ...
Is Seagate’s stock outperforming the S&P 500 since last earnings report?
It has been about a month since the last earnings report for Seagate (STX). Shares have lost about 0.5% in that time frame, outperforming the S&P 500.
Is Seagate stock headed for a trend reversal?
Seagate (STX) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
What does Seagate’s operating margin look like in fiscal 3rd quarter?
For the fiscal third quarter, Seagate stated that it expects non-GAAP operating margin to be at the lower end of its new long-term range of 18-22% of revenues. During the reported quarter, Seagate shipped 163.2 exabytes of hard disk drive (“HDD”) storage, with an average capacity of record 6.1 terabytes (TB) per drive.
Is Seagate worth investing in?
Valuation metrics show that Seagate Technology Holdings PLC may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of STX, demonstrate its potential to outperform the market. It currently has a Growth Score of B.
Is Seagate overvalued?
Seagate Technology Hldgs has a current Real Value of $51.11 per share. The regular price of the company is $75.5. At this time, the company appears to be overvalued....USD 75.50 1.54 2.00%LowTarget PriceHigh22.0043.3756.00
Seagate Q2 Earnings & Revenues Beat Estimates
Exabyte Shipments in Detail
Seagate reported second-quarter fiscal 2022 non-GAAP earnings of $2.41 per share, beating the Zacks Consensus Estimate by 2.1%.
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During the reported quarter, Seagate shipped 163.2 exabytes of hard disk drive (“HDD”) storage, with an average capacity of record 6.1 terabytes (TB) per drive. This marked a year-over-year improvement of 26% and sequential growth of 3% in total HDD exabytes shipments.
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