|Bid||56.49 x 200|
|Ask||56.65 x 400|
|Day's Range||56.47 - 57.32|
|52 Week Range||30.60 - 62.70|
|PE Ratio (TTM)||19.81|
|Earnings Date||Jul 30, 2018|
|Forward Dividend & Yield||2.52 (4.29%)|
|1y Target Est||57.24|
Western Digital (WDC) stock has generated returns of -18% in the trailing-12-month period, -3.8% in the trailing-one-month period, and -1.8% in the trailing-five-day period. The stock rose almost 20% in 2017 after rising 17% in 2016. WDC stock has fallen -1.4% in 2018.
Analysts expect STX to report revenue of $2.8 billion, a rise of 16.5% YoY (year-over-year) compared to $2.41 billion in the fiscal fourth quarter of 2017. Its non-GAAP EPS are expected to be $1.45, a rise of 123% YoY compared to $0.65 in the fiscal fourth quarter of 2017.
Western Digital is expected to report its fiscal fourth-quarter results on July 26. Analysts expect it to post revenue of $5.07 billion, a rise of 4.6% YoY (year-over-year) compared to $4.84 billion in the fiscal fourth quarter of 2017. Its non-GAAP EPS are expected to be $3.5, a rise of 19.5% YoY compared to $2.93 in the fiscal fourth quarter of 2017.
Data Storage Devices companies are engaged in the manufacturing of devices that allow the storage and retrieval of data from computers. Major data storage devices include internal and external hard disk drives, optical disc, and component devices.
The hard-drive veteran presented a mixed bag of earnings reports and made a surprise investment in cryptocurrency technologies.
The initial tariffs imposed by the U.S. and China today on $34 billion worth of each country’s goods is clearly having little impact on the market overall, and on semiconductor stocks in general, as chips are not included in this first round of trade actions. Mitch Steves, a semiconductor analyst with RBC Capital who follows shares of Nvidia (NVDA) and also chip-equipment makers such as Applied Materials (AMAT), writes today that "it appears that the majority of our coverage universe is largely insulated” with this first round of tariffs. “The second set of potential tariffs which includes processor and memory chips would be more significant,” he adds.
Tech companies are seeing little impact so far from the U.S.-China trade war as the U.S. on Friday imposed the first round of tariffs on Chinese goods.
Seagate Technology plc will report fiscal fourth quarter and year end 2018 financial results before the market opens on Monday, July 30, 2018. The investment community conference call to discuss these results will take place that day at 6:00 a.m.
Seagate Technology (STX) stock generated returns of 38.0% in the first half of 2018. Seagate beat earnings estimates in the fiscal third quarter by 9.8% and by 9.6% in the fiscal second quarter. Analysts have a median price target of $55.00 for Seagate Technology, which indicates that the stock is trading at a premium of 2.6% to analyst estimates.
The personal-computer market may decline this year by 4% to 5%, but it’s still looking better than recent data would suggest, according to a note today from BlueFin Research Partners analysts John Donovan and Paul Peterson. Donovan and Peterson, without citing data, write that shipments of personal computers in June totaled 22.2 million, about 1 million more than the analysts had forecast at the beginning of June. The authors like both Western and Seagate, but prefer the former: While the PC segment has been plagued by relatively anemic demand, HDD suppliers Western Digital (WDC) and Seagate (STX) remain our favorites due to strength outside of the PC space.
Seagate has a dividend payout ratio of 47.2%, and the firm has increased dividend payments for the last seven years. Seagate has increased its dividend at a CAGR (compound annual growth rate) of 11.3% in the last three years and 33.3% in fiscal 2017. Seagate has tried to improve shareholder value by increasing dividend payments to offset a decline in revenue.
There has been an industry-wide transition in the storage space over the last few years. The technology shift from HDD (hard disk drives) to SSD (solid state drives) impacted several storage companies. Although Seagate (STX) is one of the top players in the HDD market along with Toshiba and Western Digital (WDC), it has a negligible share in the SSD market.
Seagate (STX) is optimistic about earnings and revenue growth in fiscal 2018 driven by improved macroeconomic conditions and investments in cloud-based environments. Seagate also expects Nearline products to drive revenue and believes it is in the early stages of global cloud storage transformation. In the below chart, we can see Seagate’s nearline demand trend has grown at a CAGR (compound annual growth rate) of 35% between fiscal 2012 and fiscal 2017.
Analysts expect Seagate’s (STX) revenue to rise 16.5% YoY (year-over-year) to $2.8 billion in Q4 2018 and 7.8% YoY to $2.8 billion in Q1 2019. In fiscal 2018, analysts estimate revenue to rise 3.5% YoY to $11.2 billion, while revenue is expected to decline marginally by 0.2% for fiscal 2019.
Seagate (STX) stock has risen almost 36% in 2018. Seagate is currently trading at $55.69, which is 82% above its 52-week low of $30.6 and 11% below its 52-week high of $62.70. As we can see in the above table, Seagate has beaten analyst earnings estimates in three of the last four quarters, which has driven the stock price up.
The stock has returned -4.5% over the last two trading sessions, -5.3% in the last five days, -2.9% in the last month, and 31% over the last 12 months. In fiscal 2017, 47.1% of Seagate’s sales were from Singapore, 32.8% were from the United States, and 13.9% were from the Netherlands. Seagate stock is currently trading at $55.83, a 1.5% premium to analysts’ median target of $55.
ChemoCentryx, 58.com, Seagate, Garmin and Texas Instruments as Zacks Bull and Bear of the Day
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