|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||39.82 - 40.47|
|52-week range||30.60 - 50.96|
|PE ratio (TTM)||15.63|
|Forward dividend & yield||2.52 (6.69%)|
|1y target est||N/A|
Seagate (STX) reported earnings about a month ago. What's next for the stock? We take a look at earnings estimates for some clues.
Analysts expect HP’s (HPQ) revenues to rise 6.5% YoY (year-over-year) to ~$51.4 billion in fiscal 2017 compared to ~$48.2 billion in fiscal 2016.
Analysts expect NetApp’s (NTAP) revenues to rise 2.7% YoY (year-over-year) to $5.7 billion in fiscal 2018 compared with its revenues of $5.5 billion in fiscal 2017.
The hard-drive builder exceeded Wall Street's first-quarter estimates, but this is probably not the beginning of a great turnaround story.
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 ...
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.
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.