Seagate Technology PLC Stock Upgraded (STX)
NEW YORK (
)
(Nasdaq:
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Highlights from the ratings report include:
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Computers & Peripherals industry. The net income increased by 275.3% when compared to the same quarter one year prior, rising from $150.00 million to $563.00 million.
- The revenue growth significantly trails the industry average of 72.8%. Since the same quarter one year prior, revenues rose by 17.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 312.90% and other important driving factors, this stock has surged by 51.00% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, STX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- 37.50% is the gross profit margin for SEAGATE TECHNOLOGY PLC which we consider to be strong. It has increased significantly from the same period last year. Despite the strong results of the gross profit margin, STX's net profit margin of 17.60% significantly trails the industry average.
Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. The company has a P/E ratio of 19, above the average computer hardware industry P/E ratio of 18 and above the S&P 500 P/E ratio of 17.7. Seagate Technology has a market cap of $8.29 billion and is part of the
sector and
industry. Shares are up 28.9% year to date as of the close of trading on Wednesday.
You can view the full
Seagate Technology Ratings Report
or get investment ideas from our
.
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