|Bid||59.28 x 300|
|Ask||62.09 x 100|
|Day's Range||59.34 - 60.58|
|52 Week Range||30.60 - 62.70|
|PE Ratio (TTM)||27.13|
|Earnings Date||May 1, 2018|
|Forward Dividend & Yield||2.52 (4.16%)|
|1y Target Est||55.30|
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.
A startup that specializes in facial-recognition technology and claims to be 99.9% accurate in identifying individuals, even in fast-moving group settings. A company that is developing lip-reading technology that can decipher speech in real-world, and even noisy, environments. Business-development agency Invest Northern Ireland has been working with a range of parties to attract foreign direct investment to the smallest of the four countries that make up the United Kingdom, and to reduce an overreliance on public-sector jobs.
In the previous part of this series, we learned that analysts expect Seagate’s (STX) revenue to rise 2.4% YoY (year-over-year) in fiscal 3Q18. Comparatively, the company’s EPS (earnings per share) are expected to rise 20% in the quarter, which ended in March 2018. Analysts expect Seagate’s revenue to rise 8% YoY to $2.6 billion in fiscal 4Q18, 0.9% YoY to $10.9 billion in fiscal 2018, and 1.3% YoY to $10.7 billion in fiscal 2019.
Storage company Seagate (STX) is expected to announce its fiscal 3Q18 results on May 1, 2018. Analysts expect Seagate to post revenue of $2.74 billion in fiscal 3Q18, a rise of 2.4% YoY (year-over-year) compared to its revenue of $2.67 billion in fiscal 3Q17. Wall Street has a high revenue estimate of $2.81 billion and a low estimate of $2.64 billion for the quarter, which ended in March 2018.
Western Digital (WDC) continued to lead the worldwide HDD (hard disk drive) market at the end of 4Q17 with a share of 40%, according to Coughlin & Associates. Comparatively, Seagate (STX) and Toshiba accounted for 37% and 23% of this market, respectively.
Western Digital (WDC) has returned 7.5% in the last 12 months, -12% in the last month, and 0.3% in the last five days. WDC stock rose 17% in 2016 and ~20% in 2017. Since the start of 2018, it’s risen almost 14% despite the tech sector sell-off in early February and mid-March.
The demand for data storage is expected to grow exponentially over the next few years driven by the adoption of 4K Ultra HD video and emerging applications, including artificial intelligence (or AI), machine learning, and data analytics. This growth in data provides an opportunity for storage companies such as WDC, Seagate (STX), NetApp (NTAP), and IBM (IBM) to expand their existing solutions portfolios by introducing new products. According to WDC, this storage product can be used by businesses to track their asset security or by retail owners to analyze shopping behavior through facial recognition.
Seagate (STX) has returned 24% in the last 12 months, -0.6% in the last month, and 2.8% in the last five days. Seagate stock rose 13% in 2016 and ~17% in 2017. Since the start of 2018, it’s risen over 43%. Comparatively, the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ Trust, Series 1 ETF (QQQ) have generated returns of -0.5% and 4.1%, respectively, since January 2018. Analysts’ recommendations and price targets
The market is underappreciating the money behind the growth in data storage, according to Morgan Stanley, and it's made the firm constructive on Seagate Technology PLC (NASDAQ: STX ). The Analyst Analyst ...
Shares of Seagate Technology Inc. are up 7.1% in Tuesday morning trading after Morgan Stanley analyst Katy Huberty upgraded the stock to overweight. Shares are on pace for their largest one-day percentage ...
Hewlett Packard Enterprise (HPE) has returned 26.0% in the trailing-12-month period, -8.7% in the past month, and -4.7% in the trailing-five-day period. The tech sell-off seen since February has negatively impacted HPE’s stock performance.
NEW YORK, April 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Hewlett Packard Enterprise (HPE) expects free cash flow of $2.0 billion by the end of fiscal 2020. HPE is subject to the transition tax, which stands at 15.0%. The firm is looking to offset the transition tax via other tax attributes. HPE believes that tax costs would not impact its strong financial statements due to rigorous tax planning over the last few years.
NAB 2018 – At the NAB 2018 conference Seagate Technology , a world leader in data storage solutions, today announced the launch of a new product, LaCie Rugged® RAID Pro, and creative professional community, Collective.
Seagate Technology plc will report fiscal third quarter 2018 financial results before the market opens on Tuesday, May 1, 2018. The investment community conference call to discuss these results will take place that day at 6:00 a.m.
As we’ve already seen, Seagate Technology (STX) shipped 35.1 exabytes (or EB) for Nearline with an average capacity of 5.9 terabytes per drive in fiscal 2Q18. Seagate also achieved volume and revenue growth QoQ (quarter-over-quarter) in its 12-terabyte Nearline product vertical since Seagate continues to ramp up for material revenue contribution in fiscal 3Q18. While Seagate is banking on Nearline storage to drive revenue, Western Digital (WDC) has been able to lead the capacity enterprise market, driven by its helium-based products. WDC’s HGST (Hitachi Global Storage Technologies) brand was the first to launch a helium hard drive resulting in a significantly lower cost of ownership.