|Bid||45.46 x 1300|
|Ask||45.76 x 1400|
|Day's Range||45.58 - 46.10|
|52 Week Range||35.38 - 62.70|
|Beta (3Y Monthly)||1.88|
|PE Ratio (TTM)||7.94|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||2.52 (5.51%)|
|1y Target Est||43.32|
Seagate Technology PLC NASDAQ/NGS:STXView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and increasing Bearish sentimentShort interest | NeutralShort interest is moderate for STX with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 1. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding STX totaled $16.41 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Seagate stock initially fell 5% then rebounded as the disk drive maker reported quarterly earnings that beat views but warned of softening demand.
fell 0.9% to close at $45.14 % in Tuesday's trading after the company beat on earnings and revenue but said it sees a more difficult geopolitical environment ahead. The data storage multinational reported fiscal second-quarter net income of $384 million, or $1.34 per share, compared with $159 million, or 55 cents per share, in the year-ago quarter. Adjusted earnings per share were $1.41.
The following stocks were beating the S&P 500 index in terms of a higher dividend yield at close on Monday. AvalonBay Communities Inc. (AVB) is granting a forward dividend yield of 3.05% based on Monday's closing share price of $192.34 and a quarterly dividend of $1.52 per ordinary share. Warning! GuruFocus has detected 8 Warning Signs with AVB.
Susquehanna’ Mehdi Hosseini reiterated a Negative rating, and his $32 price target on the storage-tech firm implies shares can fall 30%.
Seagate Technology PLC (NASDAQ: STX ) were declining Tuesday after the storage device manufacturer issued a bleak sales forecast for the March quarter. The Analysts Morgan Stanley analyst Katy Huberty ...
SECTORFOCUS BLOG Tuesday tuneup. Stocks were pushing higher before the open Tuesday, with Dow Jones Industrial Average futures climbing 0.4%. Despite a disappointment from Google, markets were still feeling optimistic, after European indexes rallied, and looked forward to tonight’s State of the Union address.
Seagate Technology earnings (NASDAQ:STX) were unveiled late in the day on Monday and the company impressed with its latest quarter as its earnings and revenue both came in ahead of what Wall Street was calling for in its consensus estimate, helping STX stock surge after hours. Source: Seagate The Cupertino, Calif.-based data storage company said that for its second quarter of its fiscal 2019, the company brought in net income of $384 million, a 141.5% gain from the $159 million it amassed during the year-ago quarter. On a per-share basis, the company earned $1.34 per share, a 143.6% surge year-over-year. On an adjusted basis, Seagate Technology earned $1.41 per share, which was stronger than the $1.27 per share that the Wall Street consensus estimate called for, according to data compiled by FactSet. The company added that its revenue tallied up to $2.72 billion, falling 6.5% compared to the year-ago quarter. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Analysts were calling for the company to post revenue of roughly $2.71 billion, according to data compiled by a FactSet survey. "While there are market and geo-political uncertainties impacting the storage industry, our belief in the long-term growth of data creation and storage demand remains unchanged," said Dave Mosley, Seagate CEO, in a statement. STX stock was up roughly 3.1% after the bell on Monday after the company reported its quarterly earnings results for its most recent period, which came in ahead of what analysts were calling for in their consensus estimate. Shares had been increasing close to 0.7% during regular trading hours in anticipation of the company's quarterly results. ### More From InvestorPlace * 7 Stocks With Too Much Riding On China * 10 F-Rated Stocks That Could Break Your Portfolio * 7 S&P 500 Stocks to Buy That Tore Up Earnings Compare Brokers The post Seagate Technology Earnings: STX Stock Surges on Q2 Profit, Sales Beat appeared first on InvestorPlace.
Seagate (STX) delivered earnings and revenue surprises of 11.02% and -0.89%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Seagate Technology PLC shares traded between slight gains and losses in the extended session Monday after the data storage products maker's results topped Wall Street estimates. Seagate shares were last up 1% after hours, following a 0.7% gain to close the regular session at $45.56. The company reported fiscal second-quarter net income of $384 million, or $1.34 a share, compared with $159 million, or 55 cents a share, in the year-ago period. Adjusted earnings were $1.41 a share. Revenue declined to $2.72 billion from $2.91 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.27 a share on revenue of $2.71 billion. "While there are market and geo-political uncertainties impacting the storage industry, our belief in the long-term growth of data creation and storage demand remains unchanged," said Dave Mosley, Seagate chief executive, in a statement.
The Dublin-based company said it had profit of $1.34 per share. Earnings, adjusted for non-recurring costs, came to $1.41 per share. The results surpassed Wall Street expectations. The average estimate ...
CUPERTINO, Calif.-- -- Revenue of $2.7 billion GAAP diluted earnings per share of $1.34; non-GAAP diluted EPS of $1.41 Seagate Technology plc today reported financial results for the quarter ended December 28, 2018. “In the December quarter, we executed well against a more challenging demand environment and delivered solid financial results reflecting strong operational efficiency. While there are ...
is expected to report earnings of $1.27 a share on sales of $2.7 billion after the market closes Feb. 4, based on a FactSet survey of 24 analysts. The stock has risen 2.2% since the company last reported earnings on Nov. 2. Quarterly estimates have fallen 1.5 cents a share in the past month.
The long nightmare for Western Digital (NASDAQ:WDC) seems like it might be over. WDC stock briefly traded over $100 in March, after months trading around $90. By December, Western Digital stock was below $35, trading at its lowest levels (save for a brief 2016 dip) in almost six years. Click to Enlarge Source: Shutterstock The news looks a bit brighter at the moment, however. WDC stock has rallied 39% from those lows. Sure Q2 earnings disappointed, but guidance for the fiscal third quarter suggested a bottom is approaching. And with Western Digital stock still cheap and still yielding a healthy 4.3%; that's been enough to drive some optimism. But I'd be worried that there's a bit of a "dead cat bounce" here. WDC stock looked cheap in September, too, but I didn't think it was a buy then and I'm not convinced yet. Josh Enomoto detailed the skeptical case after earnings and I'm inclined to agree. * 10 F-Rated Stocks That Could Break Your Portfolio Western Digital stock might look cheap, but with the cycle still working against the company, $47 may not look that cheap a few quarters from now. HDD still faces long-term pressure. NAND pricing appears to have peaked. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Meanwhile, there are two similar (and potentially more attractive) plays for investors betting memory has bottomed. I'm not sure WDC stock is the best choice, particularly with the gains after earnings. ### WDC Stock Gains After Earnings Western Digital earnings hardly looked impressive. Not only did the company miss on both revenue and earnings but the absolute performance looked concerning. Sales fell 21% in the quarter, and adjusted EPS was just $1.45 against $3.95 the year before, a 63% decline. The key culprit, beyond revenue pressure, was gross margin. The figure on a non-GAAP basis was 31.3% in the quarter against 43%+ the year before. But investors are looking forward, not backward. That's a bit ironic given that chip stocks, including WDC, have suffered from the same attitude in recent months. Western Digital fiscal Q4 earnings in July, for instance, beat analyst expectations, yet Western Digital stock kept falling. This time around, investors again focused on guidance - which truthfully isn't that good. The company is expecting adjusted EPS of just $0.40-$0.60 - on gross margin of just 28%. That compares to $3.63 and 43%, respectively, in the year-prior quarter. Clearly, business isn't expected to get better just yet. That said, commentary on the Q2 conference call was optimistic looking toward the second half of this year. And it appears investors are starting to believe that the worst is over in terms of pricing in NAND flash and hard disk drives (HDDs). As such, those investors have bid Western Digital stock higher. ### Reasons for Caution with Western Digital Stock All that said, it's awfully early to believe that Western Digital is out of the woods just yet. HDD and NAND weakness are tied in part to the same data center slowdown that's hit Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA), among others. Western Digital management believes that demand will return a few quarters from now, with CEO Steve Milligan predicting on the call that "growth [will] resume for us on both sides of the business in the second half of the [calendar] year". Elsewhere, though, investors aren't so confident. NVDA, for instance, is bouncing off a 22-month low (though admittedly there are other factors at play there). In NAND, meanwhile, Western Digital is cutting capacity in an effort to support pricing. But investors in memory stocks have heard that strategy before and it doesn't always work. Micron (NASDAQ:MU) has rallied so far this year on similar hopes. But memory is a viciously cyclical business and betting that the cycle is going to turn in the next couple of quarters creates a near- to mid-term risk in WDC stock. ### Can Investors Do Better? Particularly with Western Digital stock now up 27% YTD, there's another factor to consider. The tailwinds that are needed to keep WDC moving higher will help other chip stocks as well. If Milligan is right in seeing just a short-term pause in data center demand, NVDA stock might be a stronger rebound candidate. In memory, Micron stock is facing the same cyclical concerns yet remains cheaper to both near-term and (likely) mid-cycle earnings. It also has a much stronger balance sheet. Seagate Technology (NASDAQ:STX) has rallied itself, but has a similar valuation and a higher dividend yield. Across the board, the case for WDC stock applies at least in part to other chip stocks some of which look more attractive. And it's not as if WDC stock is that cheap anymore. Even though 8x+ forward earnings sounds cheap, it's not exactly a screaming buy for a leveraged cyclical business. If analysts are too optimistic toward FY20 EPS, as they've been across the chip space of late, either the 8x+ multiple expands to a less attractive double-digit figure, or Western Digital stock declines. More broadly, the case for WDC stock here is that the worst is over. For a number of reasons, including the pressure the company itself sees in fiscal Q3, it seems too early to make that case, and dive into Western Digital stock. Meanwhile, if the worst truly is over in memory and storage, there seem like better ways to make money than WDC. As of this writing, Vince Martin has no positions in any securities mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 S&P 500 Stocks to Buy That Tore Up Earnings * 10 Cold Weather Stocks to Heat Up Your Returns * The 7 Best Penny Stocks to Buy Compare Brokers The post Be Careful with the Post-Earnings Rally in WDC Stock appeared first on InvestorPlace.