Seagate Technology PLC (STX): Today's Featured Technology Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole was unchanged today. By the end of trading, Seagate Technology fell $1.51 (-3.2%) to $45.31 on average volume. Throughout the day, 5,124,343 shares of Seagate Technology exchanged hands as compared to its average daily volume of 4,607,300 shares. The stock ranged in price between $45.26-$47.29 after having opened the day at $47.13 as compared to the previous trading day's close of $46.82. Other companies within the Technology sector that declined today were:
(
), down 46.0%,
(
), down 24.1%,
(
), down 24.1% and
Sungame
(
SGMZ
), down 20.2%.
Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $17.0 billion and is part of the computer hardware industry. Shares are up 56.2% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Seagate Technology a buy, 2 analysts rate it a sell, and 15 rate it a hold.
TheStreet Ratings rates
Seagate Technology
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Seagate Technology Ratings Report.
On the positive front,
(
), up 27.8%,
(
), up 22.5%,
(
), up 22.1% and
(
), up 20.8% , were all gainers within the technology sector with
(
) being today's featured technology sector leader.
- Use our technology section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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