Seagate Technology Holdings plc (STX) is becoming a favorite in the
cheap technology stocks sector according to several hedge funds. The company has made notable appearances in some of the best dividend portfolios of the last week, while analysts also consider it among the most promising technology stocks to invest in.
STX has been recognized for its impressive earnings growth, aggressive growth strategies and strong Q2 performance, driven by increasing demand in cloud services. Yet, certain shareholders are concerned about a class action lawsuit filed against the company due to a significant stock drop. Despite hitting a decade-high in margins as their Q2 revenue surged to
$2.33 billion and the successful debut of
HAMR tech, insider sales by CEO
William Mosley have led to some apprehension. Furthermore, Seagate’s Q1 earnings and revenue exceeded estimates, but experienced an unexpected stock dip, leading some investors to consider it a
buy-the-dip opportunity. Lastly, the launch of their hard drive circularity program in collaboration with eBay and robust growth in the
AI sector has placed the company firmly within the technology industry’s spotlight.
Seagate Technology Holdings Plcs STX News Analytics from Mon, 08 Aug 2016 08:18:26 GMT to Sat, 08 Mar 2025 09:40:39 GMT -
Rating 5
- Innovation 7
- Information 9
- Rumor 5
