|Bid||88.26 x 1300|
|Ask||88.30 x 1300|
|Day's Range||87.73 - 92.50|
|52 Week Range||43.53 - 106.22|
|Beta (5Y Monthly)||1.17|
|PE Ratio (TTM)||22.18|
|Earnings Date||Jul 26, 2021 - Jul 30, 2021|
|Forward Dividend & Yield||2.68 (2.85%)|
|Ex-Dividend Date||May 11, 2021|
|1y Target Est||89.35|
The companies, which together control most of the world’s disk-drive production, could see a sustained boost to both pricing and profits from the Chia-driven acceleration in demand for high-capacity drives.
2020 was a great year for growth stocks, many of which became temporary safe havens during the pandemic. Seagate holds a near-duopoly in HDDs (hard disk drives) with Western Digital (NASDAQ: WDC), but it's often dismissed as a slow-growth company because HDDs face fierce competition from flash-based SSDs (solid-state drives), which are smaller, faster, more power efficient, and less prone to damage.
Seagate Technology (NASDAQ: STX), one of the largest HDD (hard disk drive) makers in the world, is often considered a slow-growth stock. Demand for platter-based HDDs has waned in recent years, and they're gradually being displaced by flash memory-based SSDs (solid-state drives), which are smaller, faster, more power-efficient, and less prone to damage. Unlike its main competitor Western Digital (NASDAQ: WDC), which bought the flash memory chipmaker SanDisk in 2016 to expand its SSD business, Seagate still generates most of its revenue from traditional HDDs.