Why Seagate Technology (STX) Is Down Today Seagate Technology (STX) falls after the disk-drive maker reported a 13% drop in profits and declining revenue in the second quarter. Seagate reported a profit of $428 million, or $1.24 a share, down from $492 million, or $1.30 a share, in the same period one year earlier.
Full Answer
How did Seagate Technology’s stock price rise 137% from 2018 end?
Seagate Technology (NASDAQ: STX) stock price gained 137% from around $38 at 2018 end, to over $90 currently, primarily due to favorable changes in its P/S multiple. However, the company witnessed just a 7% rise in revenue over this period, but revenue per share has increased, helped by a 23% drop in the outstanding share count.
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?
What is the volume on Seagate Technology (STX) stock?
The stock's volume is currently 2.48 million, which is roughly 76.36% of its recent 30-day volume average of 3.25 million. Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Seagate Technology shares are trading lower after the company reported Q2 results and issued Q3 guidance.
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Is Seagate Technology A Good Investment?
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 stock a buy?
Valuation metrics show that Seagate Technology Holdings PLC may be undervalued. Its Value Score of A 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 doing well?
Additionally, EW's pre-Covid annual sales growth stands at 13.7%, higher than Seagate's -2.8%, and even growth during Covid stands at around 1%, at par with that of Seagate. However, for the most recent quarter, Seagate saw more than 30% sales growth YoY, more than EW's 15%.
Is Seagate overvalued?
Seagate Technology Hldgs has a current Real Value of $59.8 per share. The regular price of the company is $74.49. At this time, the company appears to be overvalued....1.61.LowNext ValueHigh74.0476.7179.38
Is WDC a good buy?
Out of 10 analysts, 5 (50%) are recommending WDC as a Strong Buy, 1 (10%) are recommending WDC as a Buy, 4 (40%) are recommending WDC as a Hold, 0 (0%) are recommending WDC as a Sell, and 0 (0%) are recommending WDC as a Strong Sell.
Is STX a good buy now?
Out of 15 analysts, 6 (40%) are recommending STX as a Strong Buy, 1 (6.67%) are recommending STX as a Buy, 7 (46.67%) are recommending STX as a Hold, 0 (0%) are recommending STX as a Sell, and 1 (6.67%) are recommending STX as a Strong Sell.
Why do you want to work for Seagate?
Seagate has a lot of activities that support work-life balance—whether it's joining CSR activities, a badminton game, or using the fitness center. Seagate is a wonderful company. I've grown professionally through teamwork, our culture, and experiences.
Where is Seagate located?
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.
Is the average return after a rise lower than after a fall?
Answer: The average return after a rise is understandably lower than after a fall as detailed in the previous question. Interestingly, though, if a stock has gained over the last few days, you would do better to avoid short-term bets for most stocks.
Is Seagate stock going up in 2021?
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.
Seagate Technology's Stock Price And Volume Action
Seagate Technology's (NASDAQ: STX) stock has been falling Friday, down 6.58% to a price of $58.66. The stock's volume is currently 2.48 million, which is roughly 76.36% of its recent 30-day volume average of 3.25 million.
Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Seagate Technology shares are trading lower after the company reported Q2 results and issued Q3 guidance.
Further Analysis of Recent Price Action
The stock's 50-day moving average was $60.41 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $66.69 and fallen to a low of $39.02.
When will Seagate Technology release its earnings?
Seagate Technology is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021. View our earnings forecast for Seagate Technology.
How much money does Seagate make?
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.
What is Seagate's EPS for 2022?
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.
Is Seagate Technology a hold?
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.
What happened
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.
So 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.
Now what
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.
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