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Jan 22, 2021
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Seagate(STX, $59.53) beats fiscal Q2 earnings expectations

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.

 

Related Ticker: STX

STX in +4.88% Uptrend, growing for three consecutive days on October 29, 2026

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where STX advanced for three days, in 279 of 355 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where STX's RSI Oscillator exited the oversold zone, 15 of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 65%.

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 45 of 58 cases where STX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 78%.

STX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 02, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on STX as a result. In 59 of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 73%.

The Moving Average Convergence Divergence Histogram (MACD) for STX turned negative on November 02, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In 32 of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at 67%.

STX moved below its 50-day moving average on October 06, 2026 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for STX crossed bearishly below the 50-day moving average on October 12, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 13 of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 68%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where STX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 71%.

The Aroon Indicator for STX entered a downward trend on November 02, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron SMR rating for this company is 9 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is 23 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 43 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is 58 (best 1 - 100 worst), indicating steady price growth. STX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of 93 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: STX's P/B Ratio (62.306) is slightly higher than the industry average of (-6.624). P/E Ratio (40.834) is within average values for comparable stocks, (-3.277). Projected Growth (PEG Ratio) (0.527) is also within normal values, averaging (23.994). Dividend Yield (0.005) settles around the average of (0.012) among similar stocks. P/S Ratio (14.706) is also within normal values, averaging (51.774).

Notable companies

The most notable companies in this group are Dell Technologies (NYSE:DELL), Arista Networks Inc (NYSE:ANET), Seagate Technology Holdings PLC (NASDAQ:STX), Western Digital Corp (NASDAQ:WDC), HP (NYSE:HPQ), 3D Systems Corp (NYSE:DDD).

Industry description

Computer Processing Hardware industry produces central processing unit, monitor, keyboard, computer data storage devices, and graphics card. Business activity and economic growth are potential drivers of this industry – if more businesses are growing or flourishing, so would their investments in computer equipment. Dell Technologies, Inc, Hewlett Packard Enterprise Co., NCR Corporation are key producers of computer processing hardware.

Market Cap

The average market capitalization across the Computer Processing Hardware Industry is 23.99B. The market cap for tickers in the group ranges from -0.18 to 249.73B. DELL holds the highest valuation in this group at 249.73B. The lowest valued company is HAUP at -0.18.

High and low price notable news

The average weekly price growth across all stocks in the Computer Processing Hardware Industry was -11%. For the same Industry, the average monthly price growth was -25%, and the average quarterly price growth was -14%. AMCI experienced the highest price growth at 19%, while SCKT experienced the biggest fall at -41%.

Volume

The average weekly volume growth across all stocks in the Computer Processing Hardware Industry was -5%. For the same stocks of the Industry, the average monthly volume growth was -51% and the average quarterly volume growth was -73%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 43
P/E Growth Rating: 51
Price Growth Rating: 66
SMR Rating: 80
Profit Risk Rating: 89
Seasonality Score: -15 (-100 ... +100)
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General Information

a designer of data storage products

Industry ComputerProcessingHardware

Industry
Computer Peripherals
Address
121 Woodlands Avenue 5
Phone
+65 60182562
Employees
30000
Web
https://www.seagate.com
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Seagate(STX, $59.53) beats fiscal Q2 earnings expectations