Seagate Technology Holdings plc (STX) has remained
popular among investors, with financial pundits like
Billionaire Stan Druckenmiller and several investment firms, including
Rothschild Investment LLC and
nVerses Capital LLC, placing their bets on it. This reflects the strength of STX as an
earner and dividend provider. Various analysts have also hinted at its
affordability and potential for
growth, even amidst declines in earnings seen over the past five years. However, insiders such as CEO William Mosley have been
selling shares, prompting differing reactions from the market. The company continues to deliver mixed
financial results and receives occasional consensus recommendations to
'Hold' from analysts. Amid expected Q4 earnings releases and dividend payouts, some concerns arise about Seagate's business relationship with Huawei, leading to
legal scrutiny and penalties. Despite recent setbacks, its future remains uncertain, with potential driven by Seagate's strategic use of
HAMR Technology, growth in margins, and anticipated demand cycle.
Seagate Technology Holdings Plcs STX News Analytics from Mon, 25 Jun 2018 20:36:09 GMT to Sun, 01 Sep 2024 14:51:12 GMT -
Rating 3
- Innovation -4
- Information 5
- Rumor 1
