Seagate Technology (STX, Financial) recently experienced a notable stock price drop of 1.31%, with the share price reaching $100.00. Trading volume was recorded at 1.208 million shares, reflecting a turnover rate of 0.57% and a price fluctuation amplitude of 1.22%.
According to recent financial reports, Seagate Technology achieved a revenue of $2.168 billion, with a net profit of $305 million. The earnings per share were noted to be $1.45, and the company reported a gross profit of $714 million. The price-to-earnings ratio stood at 25.89.
Among the 25 financial institutions rating the stock, 56% recommend a buy, 32% suggest holding, and 12% recommend selling. In the broader computer hardware industry, where Seagate Technology operates, the overall growth was 0.49%.
Within the industry, stocks such as Dell Technologies, Canaan Technology, and Rigetti Computing Inc C/Wts (To Pur Com) posted significant gains. Meanwhile, AgEagle Aerial Systems, Advanced Micro Devices, and Ionq, Inc. showed high activity levels with turnover rates of 196.69%, 30.59%, and 8.55%, respectively. Stocks with substantial price fluctuations included AgEagle Aerial Systems, Rigetti Computing Inc C/Wts (To Pur Com), and Canaan Technology, with amplitudes of 20.91%, 18.71%, and 16.15% respectively.
Seagate is a leading provider of data storage hard drives for both enterprise and consumer markets. The company holds a significant market position alongside its main competitor, Western Digital, forming a virtual duopoly, with both companies being vertically integrated.
