|Bid||40.62 x 500|
|Ask||42.74 x 700|
|Day's Range||41.41 - 42.21|
|52 Week Range||30.60 - 50.96|
|PE Ratio (TTM)||15.84|
|Earnings Date||Jan 22, 2018 - Jan 26, 2018|
|Forward Dividend & Yield||2.52 (6.01%)|
|1y Target Est||40.18|
American-born businessman, and Executive Chairman of the Board at Seagate Technology , Stephen Luczo, will today receive an honorary doctorate from Queen’s University Belfast.
Shares of hard-disk drive and NAND flash maker Western Digital (WDC) are up $1.92, or 2.4%, at $83.69, continuing gains in last night’s after-hours session, after the company announced it’s reached a settlement with its manufacturing partner for NAND, Toshiba (6502JP), after months of legal battles, paving the way for Toshiba to sell the manufacturing business. Summit Redstone’s Kinngai Chan raised his rating on the shares to Buy from Hold, writing that the "stock should now perform better relative to its peer group." The agreement to participate in funding Fab 6 is the “most important” element, writes Chan, as "we are no longer concern about the longer-term supply of low-cost 3D NAND availability to WDC." Western can weather the price declines, argues Chan: While we understand WDC is not immune to the industry downturn, we believe that WDC can manage the industry price decline better than its peer group due to its broad product portfolio coupled with its industry- leading 64-layer 3D NAND ramp and 96-layer 3D NAND ramp in 2018.
Shares of hard-disk drive maker Seagate Technology (STX) are down 5 cents at $40.42, in late trading, after the company disclosed in an 8-K filing with the Securities & Exchange Commission after market close this afternoon that it will let go 500 employees by June of 2018 as part of a restructuring plan in order to save $65 million annually. Today’s announcement follows three other recent plans that had reduced the company’s total employee base by 7,400 people since July of last year. The most recent data from FactSet list the company with a total employee base of 41,000.
Harvard Business Review has ranked Seagate Executive Chairman Steve Luczo as one of the best-performing CEOs in the world. Luczo, who has been included on the magazine’s list for the past four years, was ranked No.
Seagate Technology (STX) is no different. Seagate’s former chief executive and current executive chairman, Steve J. Luzco, made the largest transaction so far this year. It came the day before Seagate reported disappointing fiscal third-quarter revenue that sent shares tumbling nearly 17%.
Seagate Technology's (STX) fiscal 1Q18 (September quarter) results topped consensus estimates on key performance items but fell compared to the corresponding period last year.
Seagate (STX) reported earnings about a month ago. What's next for the stock? We take a look at earnings estimates for some clues.
Too many income investors want to focus primarily on dividend yield when it comes to equities. There's a lot more to consider.
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.
The House tax bill is expected to cut the corporate tax rate to 20 percent and would bring changes that affect the way industries and companies do business.
Research Desk Line-up: Western Digital Post Earnings Coverage LONDON, UK / ACCESSWIRE / October 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Seagate Technology PLC (NASDAQ: ...
High dividend yields can be signs of deep-rooted trouble -- or of a turnaround story in the making. These generous dividends belong in the latter group.
Seagate Technology plc announced today its SkyHawk™ AI hard disk drive , the first drive created specifically for artificial intelligence enabled video surveillance solutions.