|Bid||33.01 x 100|
|Ask||36.11 x 100|
|Day's Range||33.15 - 34.19|
|52 Week Range||30.60 - 50.96|
|PE Ratio (TTM)||13.16|
|Dividend & Yield||2.52 (7.51%)|
|1y Target Est||N/A|
Just because business conditions look good for a company today doesn't mean they'll stay that way forever. Especially if a major rival or supplier has a change-of-heart.
Research by S&P Global Market Intelligence connects executives’ comments on conference calls to subsequent stock action. By Phil van Doorn.
Stocks that moved substantially or traded heavily on Monday: General Electric Co., down 96 cents to $23.43 The company said its chief financial officer will leave and named a Trian Fund representative ...
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Seagate Technology Plc with the following peers – NetApp, Inc., Western Digital Corporation, HP Inc., GlassBridge Enterprises Inc and Microsoft Corporation (NTAP-US, WDC-US, HPQ-US, GLAE-US and MSFT-US). Seagate Technology Plc’s dividend yield is 7.46 percent and its dividend payout is 97.67 percent. This compares to ... Read more (Read more...)
Seagate (STX) announces expanded capacity for IronWolf, IronWolf Pro and Barracuda Pro hard drive disks that are capable of addressing growing storage needs.
While analysts expect Western Digital’s (WDC) revenue will rise 8.9% YoY (year-over-year) to $5.13 billion, they estimate Seagate’s revenue will fall 9.9% YoY to $2.52 billion in fiscal 1Q18.
According to Statista, HDD (hard disk drive) shipments are expected to fall 7% YoY (year-over-year) in 2017 to 395 million units from 425 million units in 2016.
Analysts estimate US-based (SPY) storage technology (QQQ) firm Seagate (STX) to post revenue of $2.52 billion in fiscal 1Q18.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Seagate Technology Plc Here are 5 ETFs with the largest exposure to STX-US. Comparing the performance and risk of Seagate Technology Plc with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)
The technology sector is back in favor on Wall Street. The Technology Select Sector SPDR Fund (NYSEARCA:XLK) is up almost 25% this year yet Seagate Technology PLC (NASDAQ:STX) is down 10% for the same period. Barriers to entry into the tech components sector are somewhat high, so the players like STX will all likely prosper for the next few years.
HONG KONG/TOKYO (Reuters) - The Bain Capital-led consortium that bought Toshiba's chip unit for $18 billion last week has filed for antitrust approval in China, a source familiar with the matter said, but it may have to wait nine months or more for a green light. Toshiba is keen to complete the sale by the end of its fiscal year in March: it hopes to use the proceeds to plug a gaping balance sheet hole left by its now bankrupt U.S. nuclear subsidiary, and save itself from a potential delisting. With the clock ticking, the request for antitrust approval was filed the day after the deal was signed, the source said.
Shares of Western Digital (WDC) continued to feel the pain from Toshiba’s (6502.JP/TOSYY) $17.8 billion deal to sell its flash memory chip business to a consortium led by Bain Capital that includes rival Seagate Technology (STX). The shares are down 3.8% today to $83.13 a share after Baird analyst Tristan Gerra downgraded the stock to a Neutral from an Outperform and slashed its target price from $120 a share to $93 a share, describing what he called the “nuclear fallout potential” on Western Digital, which relies on joint ventures with Toshiba for its NAND memory for its NAND chip supply.
Shares of Western Digital (WDC) today closed down $1.51, or 1.7%, at $86.71, after its joint-venture partner, Toshiba (6502JP), said that its board of directors approved the sale of its flash-memory-chip unit the consortium led by Bain Capital, which had been announced last week, a deal that Western continues to oppose, taking additional legal actions against Toshiba this week. Of particular interest this afternoon is the announcement by Western's rival in hard-disk drives, Seagate Technology (STX), that it will participate in the consortium. Seagate's involvement had been widely expected, based on media reports, but the company for the first time today said it will "provide up to $1.25 billion in financing to support the acquisition.""Over the course of many years, Seagate chairman Steve Luczo, who in July stepped down from the CEO role, said in prepared comments that the company "has developed an excellent long-term relationship with Toshiba Memory," and lauded Toshiba's "consistent leadership" in NAND.
Toshiba said earlier in the day it had signed an $18 billion deal to sell the unit to the group, overcoming a key - albeit not its last - hurdle as it scrambles for funds to stave off a potential delisting. Seagate also said it expects to enter into a long-term supply agreement with the unit, Toshiba Memory Corp.
Toshiba Corp has signed a deal to sell its chip unit to a consortium led by Bain Capital LP for 2 trillion yen , overcoming a key hurdle as it scrambles for funds to stave off a potential delisting. Toshiba's ...