+ Watch STX
on My Watchlist
Engages in the design, manufacturing and marketing of rigid disc drives. Produces a range of rigid disc drive products, which are used in enterprise servers, mainframes and workstations.
With an EPS of around 6.45 and an P/E of about 4.64, Seagate's stock has climbed radically for the last 4 years, and I'm not convinced that it's time to turn around has come. Based purely on the recent trends, this stock could spike by at least 13% in the next month. While it is true that Seagate decided not to acquire OCZ (which was a good move on their part since OCZ has not been doing very well), Seagate is still set to be the leader for the production of Solid State Drives and has a recent deal with HPQ to produce tablets for government and business work. (Not to mention a myriad of other deals with high ranking companies.) All together, I think this news will continue the company's growth trend. I "foolishly" predict that STX will outperform its primary rival Western Digital for a few more years to come.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions