Seagate Technology PLC
SanDisk’s 3Q15 Net Margin Highest among Storage Giants at 9.16%
The gross margin for SanDisk (SNDK) has been declining year-over-year from 49.35% in 3Q13 to 46.79% in 3Q14 and 41.51% in 3Q15.
How Will NetApp Streamline Its Business?
NetApp (NTAP) plans to focus on execution as well as reduce its cost base and manage trends in the storage industry.
Analysts Expect WDC’s Revenue to Fall Close to 27% in Q3 2019
Semiconductor company Western Digital (WDC) will report its first-quarter earnings results on April 29.
What Are Broadcom’s Plans for Its Enterprise Storage Business?
Broadcom’s latest acquisition of Brocade should double the size of its Enterprise Storage segment, which currently accounts for 13% of its revenue.
Seagate Expects Data to Support Demand for Storage Products
Seagate (STX) continues to see demand from the cloud-based enterprise market.
How Seagate, Western Digital, and NetApp Are Standing up to Analyst Estimates
Seagate reported fiscal 2Q17 revenue of $2.9 billion, with a gross margin of 30.8% and net income of $297 million.
How Analysts View Western Digital in June 2017
Of the 32 analysts that cover Western Digital (WDC) stock, 25 recommend a “buy,” and seven recommend a “hold.” There are no “sell” recommendations.
Could Apple Beat Analyst Estimates Again in Fiscal 2Q16?
Apple (AAPL) is set to announce its fiscal 2Q16 results on April 25, 2016. Analysts and investors will be looking closely at the results, as Apple is one of the most popular companies in the technology sector.
Seagate’s HDD Shipments Could Benefit from Rise in PC Sales
US-based (SPY) Seagate has a share of ~37% in the HDD (hard disk drive) market.
WDC Traded below 20-Day Moving Average in November 2015
As of November 20, Western Digital Corporation (WDC) generated investor returns of -39.32% in the trailing 12-month period and -11% in the trailing one-month period.
Exploring Seagate’s and Western Digital’s Financial Metrics
Analysts expect Western Digital’s (WDX) operating margin to be 26.2% in fiscal 2018 and to fall to 23.8% in fiscal 2019.
Where Seagate Is Trading Compared to Analyst Estimates
Of the 30 analysts covering Seagate, eight have recommended a “buy” for the stock, while two have recommended a “sell,” and 20 have recommended a “hold.”
What Seagate Analysts Expect for Fiscal 4Q17
Analysts expect Seagate to post revenues of ~$2.6 billion, with a high estimate of $2.65 billion and a low estimate of $2.51 billion for fiscal 4Q17.
What Seagate Expects from Fiscal 2Q18 and Fiscal 2018
Seagate (STX) expects transformation in the storage sector to drive long-term revenue for the firm.
How Will Lower HDD Shipments Affect Seagate Technologies?
Seagate Technologies (STX) expects to have shipped approximately 39 million HDD (hard disk drive) units in fiscal 3Q16 ended March 31, 2016.
How Micron’s NAND Segment Performed in Fiscal 3Q15
In fiscal 3Q15, NAND contributed 32% towards Micron’s (MU) overall revenues. NAND flash memory is a key component in tablets, ultrabooks, smartphones, and e-readers.
Will NetApp’s Revenue Continue to Rise in Fiscal 2018?
Analysts expect NetApp’s (NTAP) revenues to rise 2.7% YoY (year-over-year) to $5.7 billion in fiscal 2018 compared with its revenues of $5.5 billion in fiscal 2017.
How Much Will Falling HDD Shipments Impact Western Digital’s Revenues?
Western Digital reportedly shipped ~42.5 million HDD units in fiscal 4Q16—a significant YoY fall of ~12.5% over units shipped in fiscal 4Q15.
Here’s What’s Expected to Drive Seagate’s Long-Term Revenue
Seagate Technology achieved volume and revenue growth QoQ (quarter-over-quarter) in its 12-terabyte Nearline product vertical.
S&P 500, Nasdaq, and Dow Closed at Record Highs
On December 13, the S&P 500, Dow Jones Industrial Average, and Nasdaq rose 0.65%, 0.58%, and 0.95%. They closed at record highs.
Why Western Digital Stock Rose 5% Today
The April 16 trading session started with memory chip stocks among the top gainers of the S&P 500 Index (SPY).
EMC Trading above Moving Averages: What Do Analysts Have to Say?
EMC (EMC) generated investor returns of -9.8% in the trailing-12-month period and 9% in the trailing-one-month period.
Which Stock Picks Haven’t Worked for the ClearBridge Aggressive Growth Fund?
SHRAX is the only fund among nine that posted positive returns in just one of our five periods. It’s also the only fund that fell in the one-year period.
Why Is a Decrease in Operating Costs so Important to Seagate?
As the HDD segment has only three major players—Seagate, Western Digital, and Toshiba—it’s unlikely that HDDs will get cheap enough to drive demand further.
Why enterprise solid-state drives are a growth driver for Micron
Micron’s solid-state storage business ranges from hard disk drive (or HDD) replacements with solid-state drives (or SSDs) for clients to enterprise-class storage solutions.
These Factors Are Affecting Seagate’s Capital Returns
Seagate Technology (STX) returns value to its investors through a combination of dividends and share repurchases.
Where Is Apple Trading Compared to Its Moving Averages?
Apple has generated investor returns of -22.47% in the trailing-12-month period and -0.1% in the trailing-one-month period. It has generated -7.4% YTD.
Nearline Storage and Seagate: Understanding Revenue Growth
In fiscal 2Q17, Seagate’s nearline product revenue rose 15% YoY. Its ATB nearline products represented the firm’s leading revenue SKU.
Seagate Rides a Wave of Challenges: Earnings and Revenue
Seagate will be announcing its fiscal 3Q17 results in April 2017. Analysts estimate revenues of ~$2.7 billion for the quarter (ended March 31).
Western Digital’s Telling YoY Revenues in 4Q15
Western Digital reported 4Q15 revenues of $3.2 billion—a 10.11% decrease compared to 3Q15 and 12.59% lower than its 4Q14 revenues.
NetApp Dropped from Oaktree Capital’s Portfolio
NetApp offers data management and storage systems, software, and services. NetApp increased its stock repurchase program by an additional $2.5 billion.
Seagate’s Exabyte Shipments Keep Climbing
In 4Q16, Seagate Technology’s hard disk drive exabyte shipments rose for the third consecutive quarter to 68.2 exabytes, indicating a rise of 13% YoY.
What Matters Most to Seagate in 2017
In calendar 2017, Seagate expects to see revenue growth in 80% of its storage product revenues.
Western Digital’s Fiscal 2015 Revenues, Cash Flow, and Operating Expenses
Western Digital generated $488 million in cash from operations in 4Q15, ending with total cash and cash equivalents of $5 billion.
Why Have Seagate and Western Digital Had Such a Tough 2016?
Seagate’s shares fell by 13% in the week ending January 22, after Mizuho cut its price target for STX from $38 to $32 and provided a “neutral” rating.
Look What Just Sent Seagate’s Stock Spiraling Downward
In fiscal 3Q16, Seagate reported revenues of $2.6 billion and a gross margin of 20.2%. Its net loss was $21 million, with diluted EPS of -$0.07.
How Lower HDD Shipments Affected Seagate Revenues
Seagate reportedly shipped ~39.2 million HDD units in fiscal 3Q16, which is a big YoY fall compared to the 50.1 million units it shipped in fiscal 3Q15.
How Apple’s Returns to Investors Compare to Peers
Apple generated investor returns of -4.1% in the trailing-12-month period and 1.8% in the trailing-one-month period as compared to -3% in 2015 and 2.3% YTD.
Earnings Season: Will Seagate’s Loss Be Western Digital’s Win?
Western Digital (WDC) and Seagate have cutthroat competition in the HDD (hard disk drive) space, with the former accounting for a 43.6% share and the latter for a 40.1% share.
How Marvell Plans to Cope with Softness in Storage Space
Marvell’s broad product portfolio is divided into three segments: Storage, Networking, and Mobile & Wireless. Let’s look at the Storage segment.
How Has Western Digital Improved Shareholder Value?
In fiscal Q4 2018, Western Digital (WDC) returned $586 million to shareholders in the form of buybacks and dividends.
What Do Analysts Expect from Western Digital in Q1 2019?
Western Digital (WDC) plans to release its Q1 2019 earnings on October 25. Analysts expect WDC to report revenues of $5.14 billion.
Could HP’s Revenue Continue to Rise in Fiscal 2017 and Beyond?
Analysts expect HP’s (HPQ) revenues to rise 6.5% YoY (year-over-year) to ~$51.4 billion in fiscal 2017 compared to ~$48.2 billion in fiscal 2016.
Where Is NetApp Trading Compared to Moving Averages in September 2017?
NetApp (NTAP) has generated returns of 17.3% since the start of 2017 and 19.2% in the trailing-12-month period.
What Analysts Recommend for NetApp
Of the 27 analysts covering storage technology (QQQ) company NetApp (NTAP), 13 gave it a “buy” recommendation, two recommended a “sell,” and 12 recommended a “hold.”
How Micron’s Storage Business Will Drive 3D NAND Growth
The data storage market is growing rapidly with the emergence of the cloud. Like Intel, Micron has been increasing its exposure in the storage space.
How Do NetApp’s Capital Returns Look?
NetApp (NTAP) recently declared a quarterly cash dividend of $0.20 per share, which will be distributed to shareholders on January 24, 2018.
Where NetApp Is Trading Compared to Moving Averages in August 2017
In the trailing-12-month period, NetApp (NTAP) stock has risen 50%. In the last month, it has risen 7%.
How Seagate Is Trading Compared to Analyst Price Target Estimate
Seagate Technology (STX) has returned 27% in the trailing-12-month period, 7.4% in the past month, and -4.2% in the trailing-five-day period.
Where Is Apple Trading Compared to Its Moving Averages?
US-based (SPY) Apple (AAPL) generated investor returns of 5.6% in the trailing-12-month period and 10.3% in the trailing-one-month period.
Western Digital CEO Retires, Stock Slumps 16%
Today, Western Digital stock (WDC) slumped as much as 16.25% after CEO Steve Milligan announced his sudden retirement. Is the worst over for WDC?
Davidson Kempner Capital buys a new position in LSI in 4Q13
Davidson Kempner added a new position in LSI Corp. (LSI) that accounted for 1.39% of the fund’s 4Q portfolio.
Semiconductor Stocks in Focus: AMD, WDC, STX
Results investors will be watching for this week include those of semiconductor stocks AMD, Samsung, and Western Digital.
What’s Evercore’s Semiconductor Outlook?
Evercore ISI downgraded Western Digital (WDC) and Analog Devices (ADI) from “outperform” to “in line.”
Semi Stocks Fall as US Bans Eight Chinese Tech Firms
Today, the US added 28 Chinese organizations to its Entity List, two weeks before its trade talks with China. The US ban sent the S&P 500 Index down 1.27%.
Tech Stocks with High Dividend Yields for a Rough Market
When the 10-year Treasury yield dips to 1.6%, where do investors park their funds? You can look at stocks with a high dividend yield as an alternative.
Seagate Stock Fell More than 7% on May 13
Shares of semiconductor company Seagate (STX) fell 7.1% on May 13 to close trading at $44.04.
Will Western Digital Stock Continue to Rise in 2019?
Western Digital (WDC) is currently trading at $52.01. Of the 29 analysts tracking WDC, 22 have given it “buys.”
What Factors Have Affected Western Digital Stock Recently?
Why has Western Digital stock risen despite the company’s dull revenue and earnings forecast?
Micron’s Price Ratios Reflect Improved Earnings, Free Cash Flow
Micron’s (MU) price ratios will always be lower than those of other semiconductor companies because of the cyclical nature of its business.
Interpreting Micron’s Price Ratios in Light of Cyclicality
Micron Technology (MU) improved its fundamentals over the last two years, when the memory market was in an uptrend.
Pure Storage Stock Is Continuing Its Fall This Month
Shares of storage company Pure Storage (PSTG) fell 5.9% to close trading at $17.41 on December 7.
How Did HP Inc. Increase Shareholder Value in Fiscal 2018?
HP Inc. has reported double-digit year-over-year growth in the last five consecutive quarters.
Why HP Inc. Could Be a Safe Bet for Investors
HP Inc. (HPQ) spun off from Hewlett Packard Enterprise (HPE) three years ago to focus on its core business segments.
How HP Inc.’s Valuation Stacks Up to Its Peers’
HP Inc.’s expected ROA (return on assets) is 12.1% for fiscal 2018 and 9.8% for fiscal 2019.
Seagate Fell amid Semiconductor and Overall Market Weakness
Seagate (STX) declined 8.94% on October 26 to close trading at $38.80.
Is Western Digital Trading at Cheaper Valuations after Steep Fall?
Western Digital’s (WDC) revenue is expected to fall 1.9% in fiscal 2019 and then rise 1.2% in fiscal 2020.
Valuation Multiples of Western Digital and Its Peers
WDC has estimated EV-to-EBITDA multiples of 3.23x and 3.46x, respectively, for fiscal 2019 and fiscal 2020.
Goldman Sachs Says Falling Chip Demand Could Impact These Stocks
Last week, investment bank Goldman Sachs (GS) warned investors about the declining demand for memory chips.
A Look at HP’s Valuation Compared to Its Peers
HP (HPQ) has an expected market-cap-to-revenue ratio of 0.67x for fiscal 2018 and 0.67x for fiscal 2019.
A Look at NetApp’s Valuation Metrics
NetApp (NTAP) has an expected market cap-to-revenue ratio of 3.45x for fiscal 2019 and 3.29x for 2020.
A Look at NetApp’s Revenue and Earnings Growth
Analysts expect NetApp’s (NTAP) revenue to rise 7.4% YoY (year-over-year) to $1.42 billion in the fiscal first quarter of 2019.
Will NetApp Beat Estimates in Fiscal Q1 2019?
NetApp (NTAP) is scheduled to release its results for the fiscal first quarter of 2019 on August 15.
Will WDC Beat Revenue and Earnings Estimates in Fiscal Q4 2018?
In this series, we’ll look at pre-earnings estimates for Western Digital (WDC) and Seagate (STX).
NetApp Stock Continued to Rise in June
NetApp (NTAP) stock rose 17% in June to close at $78.53. It’s currently trading at $79.18, which is 111% above its 52-week low.
Seagate, NetApp, and HPE Stock Prices Rose in H1 2018
Seagate Technology (STX) stock generated returns of 38% in the first half of 2018.
Seagate Is Banking on Enterprise Data Growth for Long-Term Sales
There has been an industry-wide transition in the storage space over the last few years.
How Seagate Stock Has Performed in 2018
Seagate (STX) stock has risen almost 36% in 2018.
How Did Seagate and Other Data Storage Tech Stocks Do Yesterday?
Seagate (STX) stock fell ~4% yesterday. The stock has returned -4.5% over the last two trading sessions, -5.3% in the last five days, -2.9% in the last month, and 31% over the last 12 months.
Why NetApp Stock despite Its Q4 2018 Earnings Beat
NetApp stated that its customer acquisitions have continued to accelerate and the company is now viewed as a critical strategic partner for data-driven digital transformation.
Analysts Expect HP Inc.’s Revenues to Rise 9.5% in Fiscal Q2 2018
On May 22, analysts expect HP Inc. to post revenues of ~$13.6 billion for its fiscal second quarter, a 9.5% year-over-year increase.
Analysts Expect Seagate’s Revenue to Rise 2.4% in Fiscal 3Q18
Storage company Seagate (STX) is expected to announce its fiscal 3Q18 results on May 1, 2018.
Where Do Western Digital and Seagate Stand in the Storage Market?
Western Digital (WDC) continued to lead the worldwide HDD (hard disk drive) market at the end of 4Q17 with a share of 40%.
WDC Introduces Surveillance Card for Next-Gen Video Capture
On April 11, 2018, Western Digital (WDC) unveiled its Purple microSD card, which will be used for the data demands of surveillance cameras and edge systems.
How Is Seagate Improving Shareholder Value?
In fiscal 2Q18, Seagate Technology (STX) repurchased shares worth $361 million and paid dividends worth $366 million.
Seagate Technology in Component Supply Agreement with Toshiba
Seagate is not a major player in the NAND flash memory space. The agreement with Toshiba could help it gain traction in NAND.
HP Continues to Reward Shareholders with Dividends and Buybacks
HP (HPQ) continues to reward its shareholders with dividend payments and share buybacks.
Seagate Technology Stock since Fiscal 2Q18 Results
Seagate Technology (STX) stock has increased more than 4% since it announced its fiscal 2Q18 results on January 29, 2018.
A Look at NetApp’s Profit Margins in Fiscal 3Q18
NetApp (NTAP) reported non-GAAP gross margins of 62.6% in fiscal 3Q18.
Where Does Western Digital Stand in the SSD Market?
Western Digital (WDC) believes flash storage will cannibalize hard drives in the future, and the management stated that the firm is positioned to make this transition.
These Are Western Digital’s Key Growth Drivers in Fiscal 2018
WDC believes the global economic environment is healthy with major markets such as the United States, China (FXI), and the European Union all experiencing rising GDP (gross domestic product).
How Western Digital Stock Has Performed since Fiscal 2Q18 Results
Western Digital reported revenues of $5.3 billion in fiscal 2Q18 and non-GAAP earnings per share of $3.95.
How Is HP Increasing Shareholder Value?
In fiscal 1Q18, HP (HPQ) returned $230 million to shareholders via dividends and $462 million via share repurchases, bringing the total capital allocation to shareholders to $692 million.
A Look at HP’s Valuation Multiples
HP (HPQ) is trading at a forward PE (price-to-earnings ratio) of 11.35x, which is similar to the peer average of 11.30x.
How Could Apple’s Cash Repatriation Benefit Stakeholders?
Apple (AAPL) has agreed to reinvest $350 billion in the United States (SPY) over the next five years.
Could Apple Beat Analyst Estimates in Fiscal 1Q18?
Apple (AAPL) will be announcing its fiscal 1Q18 results on February 1, 2018. Analysts expect Apple to post revenue of $86.5 billion.
How Do Seagate’s Revenue and Profitability Metrics Look?
Analysts expect EPS (earnings per share) for Seagate (STX) to fall 3.6% YoY (year-over-year) to $1.33 in fiscal 2Q18 from $1.38 in fiscal 2Q17.
This Impacted Seagate in 2017
Seagate (STX) stock rose 16.7% in 2017. In the trailing-one-month period, the stock has generated returns of 13.6%.
Seagate Bags Toshiba’s Memory Business in Partnership with Tech Giants
In September 2017, Seagate (STX) announced its participation in the consortium led by Bain Capital Private Equity to acquire Toshiba’s (TOSYY) memory business.
How HP Aims to Improve Shareholder Value
In this series, we’ve seen that analysts expect HP Inc.’s (HPQ) revenue to rise 6.4% YoY (year-over-year) in fiscal 1Q18 to $13.5 billion and 3.8% YoY to $54 billion in fiscal 2018.