Uncovering Hidden Insights on Seagate Technology (STX)

By Blake Campbell • Thursday, October 16 15:26 • Permanent Link

With gains of 4.2%, Seagate Technology was one of the winners on Wall Street today. Its shares are now trading at $228.57 and have logged a -1.0% daily outperformance of the S&P 500. Don't join the feeding frenzy before checking some basic facts about this stock:

Seagate Technology has moved 95.1% over the last year, and the S&P 500 logged a change of 14.2%
STX has an average analyst rating of buy and is -0.55% away from its mean target price of $229.85 per share
Its trailing earnings per share (EPS) is $6.78
Seagate Technology has a trailing 12 month Price to Earnings (P/E) ratio of 33.7 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $9.7 and its forward P/E ratio is 23.6
Seagate Technology is part of the Technology sector, which has an average P/E ratio of 30.44 and an average P/B of 4.19
STX has reported YOY quarterly earnings growth of -6.1% and gross profit margins of 0.4%
The company has a free cash flow of $430.38 Million, which refers to the total sum of all its inflows and outflows of cash over the last quarter
Seagate Technology Holdings plc engages in the provision of data storage technology and infrastructure solutions in Singapore, the United States, the Netherlands, and internationally. The company offers mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. It also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, Expansion, and Basics product lines, as well as under the LaCie brand name; desktop drives for personal computers and workstation applications; notebook drives traditional notebooks, convertible systems, and external storage applications, DVR HDDs for video streaming applications, and gaming SSDs for gaming rigs. In addition, the company provides Lyve edge-to-cloud mass capacity platform, that includes modular hardware and software to support enterprises' on-premise and cloud storage infrastructure needs. It sells its products primarily to original equipment manufacturers, distributors, and retailers. The company was founded in 1978 and is based in Singapore.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.