Seagate Technology Holdings Plc's (STX) performance has been fluctuating when compared to its competitors. The company reported a
loss in the Q4, with revenues failing to meet estimates. Despite this, the FY2024
Earnings per Share (EPS) estimates have been raised by an analyst. Additionally, firms such as
Mitsubishi UFJ Asset Management Co. Ltd,
National Bank of Canada FI, and
Cwm LLC have bought shares. Simultaneously, there's been consistent insider selling, with an EVP offloading a large number of shares. Despite losses, the
Seagate stock has consistently outperformed competitors on several trading days. Yet,
Truist Financial Corp and
Spire Wealth Management decreased their holdings. The company's recent Q3 earnings beat estimates, but revenues did not meet the mark. Notwithstanding this, Seagate shares enjoyed a
price rally, with an overall increase of 58.2% in the past year. A strategic SWOT insight signals potential future growth for the company. The
dividend announcement and
financial results for the fiscal Q2 and Q3 2024 varied, leading to underperformance on some days, and strong performance on others. Finally, Seagate's application of
Heat-assisted magnetic recording (HAMR) technology showcases its innovative capacity, seen as a potential game-changer.
Seagate Technology Holdings Plcs STX News Analytics from Fri, 28 Jul 2023 07:00:00 GMT to Sun, 19 May 2024 22:48:16 GMT -
Rating 4
- Innovation 4
- Information 6
- Rumor 1
