Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 1.2%. By the end of trading, Seagate Technology fell $1.38 (-4.1%) to $32.21 on average volume. Throughout the day, 10.9 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 11.9 million shares. The stock ranged in price between $31.70-$33.04 after having opened the day at $32.99 as compared to the previous trading day's close of $33.59. Other companies within the Technology sector that declined today were:
), down 21.2%,
), down 19.5%,
), down 18.7%, and
), down 12.6%.
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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 $13.38 billion and is part of the
industry. The company has a P/E ratio of 5.2, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 104.8% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Seagate Technology a buy, two analysts rate it a sell, and 11 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, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. 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.
- 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
- Find other investment ideas from our top rated ETFs lists.
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