Seagate Technology PLC (STX): Today's Featured Computer Hardware Loser
(
) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware loser. The industry as a whole was unchanged today. By the end of trading, Seagate Technology fell $1.49 (-5.3%) to $26.36 on heavy volume. Throughout the day, 20.1 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 11.6 million shares. The stock ranged in price between $25.78-$27 after having opened the day at $26.99 as compared to the previous trading day's close of $27.85. Other company's within the Computer Hardware industry that declined today were:
(
), down 5.9%,
(
), down 5%,
(
), down 4.7%, and
(
), down 4.5%.
Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $12.19 billion and is part of the
sector. The company has a P/E ratio of 6.1, below the average computer hardware industry P/E ratio of 6.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 69.8% year to date as of the close of trading on Monday. Currently there are nine analysts that rate Seagate Technology a buy, two analysts rate it a sell, and seven rate it a hold.
TheStreet Ratings rates Seagate Technology as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Seagate Technology Ratings Report.
On the positive front,
(
), up 11.9%,
(
), up 6%,
(
), up 5.6%, and
(
), up 5.4%, were all gainers within the computer hardware industry with
(
) being today's featured computer hardware industry winner.
- Use our computer hardware section to find industry-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 computer hardware industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the computer hardware industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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