Last Updated: 19 Sep 2024
Executive Summary
Seagate Technology PLC (STX), a leading data storage company, has a market capitalization of $21.48 billion. Its latest stock price is $100.93. The company's financial performance is strong, with an EBITDA of $692 million, EPS of $1.58, and a profit margin of 5.11%. Analysts are generally positive on STX, with 5 strong buy, 8 buy, and 11 hold ratings.
Company Overview
Seagate Technology PLC is an American data storage company headquartered in Dublin, Ireland. The company designs, manufactures, and sells hard disk drives (HDDs), solid-state drives (SSDs), and other data storage products. Seagate is a global leader in the data storage industry, with operations in over 100 countries.
Fundamental Analysis
Seagate Technology PLC's financial performance has been strong in recent years. The company's revenue has grown from $5.8 billion in 2019 to $6.55 billion in 2023. Net income has also increased from $549 million in 2019 to $692 million in 2023. The company's profit margin has been relatively stable, averaging around 5% in recent years.
Seagate Technology PLC's balance sheet is also strong. The company has a low level of debt and a high level of cash and equivalents. The company's current ratio is 1.5, which is above the industry average.
Technical Analysis
Seagate Technology PLC's stock price has been trending higher in recent years. The stock price broke out of a resistance level at $100 in early 2023 and has continued to rise since then. The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish sign.
Short Term Outlook
The short-term outlook for Seagate Technology PLC is positive. The stock price is trading above its key moving averages and the company's financial performance is strong. The company is also benefiting from the growing demand for data storage.
Long Term Outlook
The long-term outlook for Seagate Technology PLC is also positive. The company is a leader in the data storage industry and is well-positioned to benefit from the growing demand for data storage. The company's strong financial performance and balance sheet also support a positive long-term outlook.
Analyst Recommendations
Analysts are generally positive on Seagate Technology PLC. The consensus analyst rating is "buy" and the average analyst target price is $115.85.
