|Bid||52.00 x 200|
|Ask||63.00 x 200|
|Day's Range||51.74 - 52.77|
|52 Week Range||30.60 - 52.77|
|PE Ratio (TTM)||19.84|
|Forward Dividend & Yield||2.52 (4.79%)|
|1y Target Est||N/A|
US-based (SPY) storage technology firm Seagate (STX) has generated returns of 33% in the trailing 12-month period, 21.1% in the last one month, and 15% in the trailing five-day period. At the end of January 11, 2018, Seagate closed trading at $49.01, which is 60% above its 52-week low of $30.6 and 3.8% below its 52-week high of $50.96. Of the 28 analysts tracking Seagate, three gave the stock a “buy” recommendation, and 19 analysts recommended a “hold.” Six analysts recommended a “sell” on the stock.
Analysts expect Seagate’s operating margin to rise from 13.8% in fiscal 2017 to 14.8% in fiscal 2018. Operating margin is expected to rise marginally to 15% in fiscal 2019 and fall to 14.8% in fiscal 2020. Seagate’s net margin has fallen to current levels from 19.2% in fiscal 2012, while the firm’s operating margin at that time stood at 21.7%.
The value of Seagate’s investment in Ripple Labs is much less than speculated when you drill down on how much it owns, the illiquid aspect of it and the volatility of XRP’s cryptocurrency
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[Updates with FYQ2 pre-announce at bottom of post.] Shares of hard disk drive maker Seagate Technology (STX) have been on a tear today, apparently driven by a post this morning from ValueStreet Research on Seeking Alpha that claimed the company had made an investment in San Francisco-based startup Ripple, backers of one of the crypto currencies, “XRP,” an investment that could be worth as much as $7.8 billion to Seagate. Seagate stock closed up $3.06, over 7%, at $46, though it backed off the highest level of the session, $49.70. BTIG Research’s Edward Parker, who has a Buy rating on Seagate, notes the point raised by ValueStreet, to wit, Seagate invested in the Series A and Series B rounds for the startup, which were $28 million and $55 million rounds, respectively.
Seagate was an early investor in digital payment company Ripple Labs, in its desire to become an active participant in the blockchain technology.
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