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why is seagate stock dropping

by Jeff Douglas Published 3 years ago Updated 2 years ago
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Should you buy Seagate Technology stock?

Apr 08, 2022 · Seagate Expands Lyve Cloud Storage Services to Singapore finance.yahoo.com - February 28 at 2:34 AM: Why Is Seagate (STX) Down 0.5% Since Last Earnings Report? finance.yahoo.com - February 25 at 6:05 PM: Zadara Collaborates with Seagate to Bring Seamless, On-Demand Cloud Experience to Enterprise Customers finance.yahoo.com - …

When is Seagate Technology's next quarterly earnings announcement?

Oct 06, 2021 · A key factor in the Seagate stock drop is today’s downgrade from Morgan Stanley – a tag that affects future potential even at the best of times. Morgan Stanley’s Katy Huberty downgraded Seagate from Overweight to Equalweight – cutting the overall price target by 25%, down to $88 from $118.

Is Seagate stock headed for a trend reversal?

Apr 27, 2022 · Why Nvidia Stock Keeps Dropping Semiconductor stock Nvidia (NASDAQ: NVDA) suffered its second down day in a row on Wednesday, falling 3.5% through 10:30 a.m. ET. You can blame investment bank ...

Is Seagate Technology’s dividend sustainable?

Apr 17, 2022 · 21 equities research analysts have issued 12 month price objectives for Seagate Technology's stock. Their forecasts range from $90.00 to $130.00. On average, they expect Seagate Technology's stock price to reach $106.67 in the next year. This suggests a possible upside of 29.4% from the stock's current price.

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Is Seagate a good stock?

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 A.

Is STX stock a buy?

Out of 21 analysts, 7 (33.33%) are recommending STX as a Strong Buy, 2 (9.52%) are recommending STX as a Buy, 11 (52.38%) are recommending STX as a Hold, 0 (0%) are recommending STX as a Sell, and 1 (4.76%) are recommending STX as a Strong Sell.

What is Seagate net worth?

Seagate's operational headquarters in Fremont, CaliforniaNet incomeUS$1.3 billion (2021)Total assetsUS$8.68 billion (2021)Total equityUS$0.63 billion (2021)Number of employees40,000 (2021)15 more rows

Is Seagate a buy or sell?

Seagate Technology has received a consensus rating of Buy. The company's average rating score is 2.52, and is based on 11 buy ratings, 10 hold ratings, and no sell ratings.

Who bought Seagate?

Veritas SoftwareSeagate Technology, the company that helped create the disk drive business, announced today it will be bought by Veritas Software and an investment group in a complex $20 billion deal.Jan 2, 2002

Is Seagate owned by Samsung?

Meanwhile, Samsung gets a 9.6 percent ownership stake in Seagate, a good bit of cash, and supplies of Seagate hard drives for its computers. Some hard drives will retain the Samsung name for twelve months while Seagate realigns the brand.Dec 20, 2011

Is Seagate a Fortune 500 company?

N.A. Since 1955, when the first FORTUNE 500 was created, more than 1,800 companies have appeared on the list....FORTUNE 500 appearances:Earnings per share% change10.010-year growth rate (%)13.92 more rows

Is Seagate Technology a buy right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last twelve months. There are...

How has Seagate Technology's stock been impacted by COVID-19?

Seagate Technology's stock was trading at $45.3050 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organiza...

Are investors shorting Seagate Technology?

Seagate Technology saw a decline in short interest during the month of January. As of January 31st, there was short interest totaling 7,750,000 sha...

When is Seagate Technology's next earnings date?

Seagate Technology is scheduled to release its next quarterly earnings announcement on Thursday, April 28th 2022. View our earnings forecast for S...

How were Seagate Technology's earnings last quarter?

Seagate Technology Holdings plc (NASDAQ:STX) released its quarterly earnings data on Wednesday, January, 26th. The data storage provider reported $...

How often does Seagate Technology pay dividends? What is the dividend yield for Seagate Technology?

Seagate Technology announced a quarterly dividend on Wednesday, January 26th. Stockholders of record on Tuesday, March 22nd will be given a dividen...

Is Seagate Technology a good dividend stock?

Seagate Technology pays an annual dividend of $2.80 per share and currently has a dividend yield of 3.21%. Seagate Technology has been increasing i...

What guidance has Seagate Technology issued on next quarter's earnings?

Seagate Technology updated its third quarter 2022 earnings guidance on Monday, February, 14th. The company provided EPS guidance of $1.800-$2.200 f...

What price target have analysts set for STX?

22 brokers have issued 1 year price targets for Seagate Technology's shares. Their forecasts range from $93.00 to $130.00. On average, they anticip...

Is Seagate Technology a buy right now?

What stocks does MarketBeat like better than Seagate Technology?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last twelve months. There are currently 11 hold ratings and 11 buy ratings for the stock.

Are investors shorting Seagate Technology?

Wall Street analysts have given Seagate Technology a "Buy" 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.

When is Seagate Technology's next earnings date?

Seagate Technology saw a increase in short interest during the month of July. As of July 30th, there was short interest totaling 9,370,000 shares, an increase of 21.4% from the July 15th total of 7,720,000 shares. Based on an average daily volume of 2,630,000 shares, the short-interest ratio is currently 3.6 days.

How were Seagate Technology's earnings last quarter?

Seagate Technology is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.#N#View our earnings forecast for Seagate Technology.

How has Seagate Technology's stock price been impacted by COVID-19?

Seagate Technology Holdings plc (NASDAQ:STX) announced its quarterly earnings results on Tuesday, July, 20th. The data storage provider reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.74 by $0.26.

How often does Seagate Technology pay dividends? What is the dividend yield for Seagate Technology?

Seagate Technology's stock was trading at $45.3050 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, STX stock has increased by 85.2% and is now trading at $83.92.#N#View which stocks have been most impacted by COVID-19.

Seagate (STX) Gains As Market Dips: What You Should Know

Seagate Technology announced a quarterly dividend on Wednesday, July 21st. Stockholders of record on Wednesday, September 22nd will be paid a dividend of $0.67 per share on Wednesday, October 6th. This represents a $2.68 annualized dividend and a dividend yield of 3.19%.

Seagate's (STX) Lyve Cloud Platform Deployed by Zoom Video

Seagate (STX) closed at $90.32 in the latest trading session, marking a +0.92% move from the prior day.

Why Western Digital, Micron Technology, and Seagate Technology Rose Today

Seagate's (STX) Lyve Cloud will help Zoom Video users to store their meeting recordings on its S3 storage-as-a-service (STaaS) platform

Why We Like The Returns At Seagate Technology Holdings (NASDAQ:STX)

Rumors of a merger inspired investors who didn't want to ruin the rally by asking too many questions.

Seagate Stock Rises as UBS Upgrades to Buy

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...

10 Biggest Price Target Changes For Monday

The hard disk drive business reaches a structural inflection, yielding more stable supply/demand dynamics, UBS said.

Where is Seagate located?

UBS boosted the price target on Seagate Technology Holdings plc (NASDAQ: STX) from $83 to $105. Seagate shares rose 0.8% to $91.05 in pre-market trading. Mizuho raised the price target for Intuit Inc. (NASDAQ: INTU) from $500 to $550. Intuit rose 0.8% to $544.80 in pre-market trading. Raymond James lifted Chipotle Mexican Grill, Inc.

Is the average return after a rise lower than after a fall?

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.

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