NEW YORK (TheStreet) -- Shares of Seagate Technology were falling 2.2% to $62.55 in pre-market trading Monday after the hard drive manufacturer reported its earnings results for the fiscal second quarter. Seagate reported earnings of $1.35 a share for the second quarter, in line with the FactSet consensus estimate for the quarter. Revenue increased 4.8% year over year to $3.7 billion for the quarter, compared to analysts' estimates of $3.74 billion for the quarter. "Seagate's second fiscal quarter performance is the result of consistent execution and our solid competitive positioning in the storage technology marketplace," Seagate chairman and CEO Steve Luczo said in a statement. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates SEAGATE TECHNOLOGY PLC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate SEAGATE TECHNOLOGY PLC (STX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income." You can view the full analysis from the report here: STX Ratings Report STX data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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