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NASDAQ:STX - Seagate Technology Stock Price, Forecast & News

$48.80
-1.07 (-2.15 %)
(As of 03/31/2020 04:00 PM ET)
Today's Range
$48.66
Now: $48.80
$50.62
50-Day Range
$40.73
MA: $49.20
$56.22
52-Week Range
$39.02
Now: $48.80
$64.17
Volume3.62 million shs
Average Volume3.17 million shs
Market Capitalization$12.73 billion
P/E Ratio7.91
Dividend Yield5.21%
Beta1.58
Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It manufactures and distributes hard disk drives; solid state drives (SSDs), including serial attached small computer system interface and non-volatile memory express SSDs; solid state hybrid drives; and storage subsystems. The company's products are used in enterprise servers and storage systems; edge compute/client compute applications, primarily for desktop and mobile computing; and edge non-compute/client non-compute applications, such as various end user devices comprising portable external storage systems, surveillance systems, digital video recorders, network-attached storages, and gaming consoles, as well as data centers. It also provides cloud systems and solutions portfolio that includes modular original equipment manufacturer (OEM) storage systems and scale-out storage servers. In addition, the company offers external storage solutions under the Seagate Backup Plus and Expansion product lines, as well as under the LaCie and Maxtor brands in capacities up to 120TB. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology plc was founded in 1979 and is headquartered in Dublin, Ireland.
Read More
Seagate Technology logo

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:STX
CUSIPN/A
Phone353-1234-3136

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.39 billion
Cash Flow$7.24 per share
Book Value$8.04 per share

Profitability

Net Income$2.01 billion

Miscellaneous

Employees40,500
Market Cap$12.73 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Seagate Technology (NASDAQ:STX) Frequently Asked Questions

How has Seagate Technology's stock been impacted by COVID-19 (Coronavirus)?

Seagate Technology's stock was trading at $45.3050 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, STX shares have increased by 7.7% and is now trading at $48.80. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Seagate Technology?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 5 sell ratings, 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Seagate Technology.

When is Seagate Technology's next earnings date?

Seagate Technology is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Seagate Technology.

How were Seagate Technology's earnings last quarter?

Seagate Technology PLC (NASDAQ:STX) released its quarterly earnings data on Tuesday, February, 4th. The data storage provider reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.32 by $0.03. The data storage provider earned $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a return on equity of 58.19% and a net margin of 17.03%. Seagate Technology's revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the business posted $1.41 earnings per share. View Seagate Technology's earnings history.

How often does Seagate Technology pay dividends? What is the dividend yield for Seagate Technology?

Seagate Technology declared a quarterly dividend on Tuesday, February 4th. Investors of record on Wednesday, March 25th will be paid a dividend of $0.65 per share on Wednesday, April 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Tuesday, March 24th. View Seagate Technology's dividend history.

What guidance has Seagate Technology issued on next quarter's earnings?

Seagate Technology issued an update on its third quarter earnings guidance on Tuesday, February, 4th. The company provided earnings per share guidance of $1.26-1.44 for the period, compared to the Thomson Reuters consensus estimate of $1.19. The company issued revenue guidance of $2.511-2.889 billion, compared to the consensus revenue estimate of $2.59 billion.

What price target have analysts set for STX?

21 Wall Street analysts have issued 1 year price targets for Seagate Technology's stock. Their forecasts range from $35.00 to $66.00. On average, they anticipate Seagate Technology's share price to reach $53.95 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price. View analysts' price targets for Seagate Technology.

What are Wall Street analysts saying about Seagate Technology stock?

Here are some recent quotes from research analysts about Seagate Technology stock:
  • 1. According to Zacks Investment Research, "Seagate is benefiting from robust demand for 16-terabyte products as production to higher volumes improves and sequential improvement in HDD exabytes shipments. Further, the company provided promising Q2 guidance. Increasing traction for mass storage solutions across company’s edge and enterprise markets remains a tailwind. Also, improving trend in PC shipments is a positive. We believe Seagate’s NAND-supply deal with Toshiba will help it in developing advanced HDD, SSD and hybrid solutions. Rapid adoption of nearline solutions is likely to boost competitive position against Western Digital. Notably, shares of the company have outperformed the industry in the past year. However, stiff competition from its peers in the disk drive market might result in pricing pressure and limit margin expansion." (1/9/2020)
  • 2. Mizuho analysts commented, "We believe N-T tariff and supply chain overhangs remain a drag on demand, but L-T, improving nearline HDD with hyperscale and DC demand into 2020E should be positive." (9/19/2019)

Has Seagate Technology been receiving favorable news coverage?

Media headlines about STX stock have been trending somewhat negative on Tuesday, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Seagate Technology earned a news impact score of -1.0 on InfoTrie's scale. They also assigned news headlines about the data storage provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutSeagate Technology.

Are investors shorting Seagate Technology?

Seagate Technology saw a drop in short interest in February. As of February 14th, there was short interest totaling 13,360,000 shares, a drop of 5.7% from the January 30th total of 14,170,000 shares. Based on an average daily trading volume, of 2,340,000 shares, the short-interest ratio is currently 5.7 days. Currently, 5.2% of the company's shares are short sold. View Seagate Technology's Current Options Chain.

Who are some of Seagate Technology's key competitors?

What other stocks do shareholders of Seagate Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Seagate Technology investors own include Micron Technology (MU), Intel (INTC), Western Digital (WDC), Cisco Systems (CSCO), AT&T (T), NVIDIA (NVDA), Bank of America (BAC), Ford Motor (F), Advanced Micro Devices (AMD) and QUALCOMM (QCOM).

Who are Seagate Technology's key executives?

Seagate Technology's management team includes the following people:
  • Mr. Stephen J. Luczo, Exec. Chairman (Age 62)
  • Dr. William David Mosley, Pres, CEO & Director (Age 52)
  • Mr. James J. Murphy, Exec. VP of Worldwide Sales & Marketing (Age 60)
  • Mr. Jeffrey D. Nygaard, Exec. VP of Global Operations (Age 55)
  • Mr. Gianluca Romano, Exec. VP & CFO

What is Seagate Technology's stock symbol?

Seagate Technology trades on the NASDAQ under the ticker symbol "STX."

How do I buy shares of Seagate Technology?

Shares of STX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Seagate Technology's stock price today?

One share of STX stock can currently be purchased for approximately $48.80.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $12.73 billion and generates $10.39 billion in revenue each year. The data storage provider earns $2.01 billion in net income (profit) each year or $4.82 on an earnings per share basis. Seagate Technology employs 40,500 workers across the globe. View additional information about Seagate Technology.

What is Seagate Technology's official website?

The official website for Seagate Technology is http://www.seagate.com/.

How can I contact Seagate Technology?

Seagate Technology's mailing address is 38/39 FITZWILLIAM SQUARE, DUBLIN L2, D02 NX53. The data storage provider can be reached via phone at 353-1234-3136 or via email at [email protected]


MarketBeat Community Rating for Seagate Technology (NASDAQ STX)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  1,076 (Vote Outperform)
Underperform Votes:  1,255 (Vote Underperform)
Total Votes:  2,331
MarketBeat's community ratings are surveys of what our community members think about Seagate Technology and other stocks. Vote "Outperform" if you believe STX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe STX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/31/2020 by MarketBeat.com Staff

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