Seagate(STX, $59.53) beats fiscal Q2 earnings expectations
On Friday, Seagate reported fiscal-second-quarter earnings and revenue that surpassed analysts' expectations.
For the quarter ended Jan. 1, the data storage company’s adjusted earnings came in at $1.29 a share, compared to the $1.13 expected by analysts polled by FactSet.
Revenue fell -2.7% year-over-year to $2.62 billion, also exceeding analysts’ forecast of $2.56 billion.
"Seagate delivered strong, double-digit revenue, earnings and free cash flow growth in the December quarter, supported by broad-based improvement across nearly every served market and geography, and we had solid customer demand for our mass capacity products," Chief Executive Dave Mosley mentioned in a statement.
STX's Stochastic Oscillator stoops into oversold zone
The Stochastic Oscillator for STX moved into oversold territory on July 26, 2024. Be on the watch for the price uptrend or consolidation in the future. At that time, consider buying the stock or exploring call options.
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Notable companies
The most notable companies in this group are Arista Networks (NYSE:ANET), Dell Technologies (NYSE:DELL), HP (NYSE:HPQ), Western Digital Corp (NASDAQ:WDC), NetApp (NASDAQ:NTAP), Seagate Technology Holdings PLC (NASDAQ:STX), Pure Storage (NYSE:PSTG), 3D Systems Corp (NYSE:DDD).
Industry description
Computer peripherals connect to a computer system to add functionality or to get information from or put information into computers. Think hard disk drive, data storage systems, cloud storage devices, printer and scanner, or mouse, keyboard etc. Some of the major companies operating in the computer peripherals industry include Western Digital Corporation, Seagate Technology PLC, NetApp, Inc., Zebra Technologies Corporation, and Xerox Holdings Corp.
Market Cap
The average market capitalization across the Computer Peripherals Industry is 8.77B. The market cap for tickers in the group ranges from 1.2K to 262.23B. ADTEF holds the highest valuation in this group at 262.23B. The lowest valued company is DPSM at 1.2K.
High and low price notable news
The average weekly price growth across all stocks in the Computer Peripherals Industry was 2%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 5%. RCAT experienced the highest price growth at 38%, while DDDX experienced the biggest fall at -22%.
Volume
The average weekly volume growth across all stocks in the Computer Peripherals Industry was 17%. For the same stocks of the Industry, the average monthly volume growth was 46% and the average quarterly volume growth was -6%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 51
P/E Growth Rating: 63
Price Growth Rating: 60
SMR Rating: 80
Profit Risk Rating: 81
Seasonality Score: -9 (-100 ... +100)