57.60 +0.13 (0.23%)
After hours: 6:31PM EDT
|Bid||57.40 x 800|
|Ask||57.68 x 1300|
|Day's Range||57.33 - 59.20|
|52 Week Range||30.60 - 62.70|
|PE Ratio (TTM)||26.15|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||2.52 (4.48%)|
|1y Target Est||56.68|
In the previous part of this series, we saw that NetApp’s (NTAP) revenue rose 10% YoY (year-over-year) in fiscal Q4 2018 and 7% YoY in fiscal 2018, beating its guidance. The company’s solid demand, key customer wins, and expansion across regions boosted its revenue.
NetApp (NTAP) announced its fiscal Q4 2018 (ended in April) results on May 23, reporting revenue of $1.6 billion. Its revenue rose 10% YoY (year-over-year) from $1.5 billion. The company’s non-GAAP net income rose 20.5% YoY to $288 million, and its EPS rose 22% to $1.05.
Seagate (STX) introducesSeagate VR Power Drive, featuring 5,000 mAh battery and 1000 GB storage customized for enhancing VR experience of HTC VIVE users.
Seagate Technology plc (STX), a world leader in data storage solutions, and HTC VIVE, an innovation world leader in the field of smart mobile devices and virtual reality (VR), have jointly launched the SeagateⓇ VR Power Drive at the 2018 HTC New Ecosystem Conference in Shenzhen, China, helping VR device users expand their storage capacity and battery life. Virtual reality is developing with great speed and momentum in China, and VR applications are emerging one after another in the fields of entertainment, education and healthcare, etc. According to a report jointly released by iResearch and Greenlight Insights, China will become a main VR market globally.
Tech stocks have been unpredictable over the past few months, but there is no question that the technology sector has been at the forefront of the market’s strong multiyear run. By limiting our search to companies in our “Computer and Technology” sector with Zacks Rank #2 (Buy) or better rankings, we can ensure that we are finding the highest quality stocks to buy right now. Throw in your preferred dividend yield and voila—the best tech stocks for dividend investors to target!
LONDON, UK / ACCESSWIRE / May 24, 2018 / If you want access to our free earnings report on Seagate Technology PLC (NASDAQ: STX) ("Seagate"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=STX. The Company reported its financial results on May 01, 2018, for the third quarter of the fiscal year 2018 (Q3 FY18). The American data storage Company surpassed market estimates for revenue and earnings for Q3 FY18.
Tech stocks have been at the forefront of the market's strong multiyear run, but this means that income investors--those focused on finding companies with solid dividends--might be feeling left out. But finding a strong dividend-yielding tech stock is possible. Check out three of these stocks to buy now!
NetApp (NTAP) stock has returned 73% in the last 12 months, 0.5% in the last month, and -2.7% in the last five days. NetApp stock rose 36% in 2016 and 60% in 2017. Since the start of 2018, it’s risen almost 26%.
NetApp (NTAP) has a dividend yield of 1.1% and pays a quarterly dividend of $0.20 per share, leading to an annualized payout of $0.80 per share. NetApp’s dividend payout ratio is 27.4%, and the company has increased its dividend for the last four consecutive years.
Beijing had apparently proposed cutting China's trade surplus with the United States by $200 billion. The proposed package was to include some trade concessions, lowered tariffs on U.S. goods coupled with the increased import of such products. One related news story that appeared to be true was that as the U.S. and Chinese delegations tried to work on a deal, that China had dropped its anti-dumping probe into U.S. sorghum shipments.
HP Inc. (HPQ) stock has returned 17.0% in the last 12 months, 3.7% in the last month, and 3.6% in the last five days. HP stock rose 30.0% in 2016 and 46.0% in 2017. Since the start of 2018, HP stock has risen ~7.5%. Peers IBM (IBM), Western Digital (WDC), and Seagate Technology (STX) have returned -4.0%, -10.0%, and 33.0%, respectively, in the last 12 months.
Driven by several robust quarters of revenue growth, HP Inc. (HPQ) ended fiscal 2017 with free cash flow of $3.3 billion. The firm returned 69.0% of free cash flow ($2.3 billion) to shareholders via share repurchases and dividends in fiscal 2017.
Seagate Technology (STX) is seeing solid earnings estimate revision activity and is a great company from a Zacks Industry Rank perspective.
Zacks.com highlights: Chemours, Boise Cascade, Louisiana-Pacific, Seagate Technology and Meet Group
The Zacks Analyst Blog Highlights: GeoPark, Rocky Brands, Seagate Technology, HollyFrontier and Micron Technology
Previously in this series, we learned that analysts expect HP Inc.’s (HPQ) revenues to rise ~9.5% YoY (year-over-year) in the fiscal second quarter. The company’s earnings per share are expected to rise ~20.0% in the quarter.
Value investing is gaining popularity by the day. Buffett believes that proper understanding of the “intrinsic value” of a stock makes the task easier. Yardsticks such as dividend yield, the ratio of price to earnings or to book value are the most common forms of intrinsic value calculation, which can easily single out stocks that the market is currently undervaluing.
The Zacks Analyst ASGN, DXC Technology, Seagate Technology, Evolution Petroleum and Oasis Midstream Partners