Analysts at Defense World Give Seagate Technology Holdings plc a ‘Hold’ Rating

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Analysts at Defense World have recently given Seagate Technology ($NASDAQ:STX) Holdings plc a consensus rating of “Hold”. Seagate Technology Holdings plc is an American data storage company that provides storage solutions for customers and businesses around the world. It designs, manufactures, markets, and sells hard disk drives, solid-state drives, and systems for a variety of applications. Seagate also provides cloud-based data storage services for consumers and businesses. In the defense sector, Seagate Technology Holdings plc provides storage solutions to the United States government, as well as other government and military entities around the world. The company’s products are widely used in naval vessels, military aircraft, and ground vehicles.

Seagate Technology Holdings plc also offers mission-critical data storage solutions for defense applications ranging from cyber security to artificial intelligence. The analysts point to the company’s strong track record in providing reliable and secure data storage solutions to customers in the defense sector. They also noted that the company has shown strong growth in its core storage business and its cloud-based data storage services over the last several quarters. Despite these positive factors, analysts caution investors to be mindful of the unique risks associated with investing in the defense sector.

Market Price

On Monday, the stock opened at $58.8 and closed at $61.1, marking an increase of 6.1% from its prior closing price of 57.6. This jump in share prices comes despite a lack of commentary from the analysts, who believe that the stock’s current price is appropriate for the company’s outlook. Given this latest rating, investment advisors are likely to advise taking a wait-and-see approach with SEAGATE TECHNOLOGY and not making any immediate decisions to buy or sell the stock. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Seagate Technology. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Seagate Technology. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Seagate Technology. More…

Key Ratios Snapshot

Some of the financial key ratios for Seagate Technology are shown below. More…

Analysis

GoodWhale’s analysis of SEAGATE TECHNOLOGY found that the company is strong in profitability, medium in dividend and weak in asset growth. Based on our Star Chart classification, SEAGATE TECHNOLOGY is classified as a ‘cow’, meaning it has a track record of paying out consistent and sustainable dividends. Our analysis of the company’s cashflows and debt revealed that SEAGATE TECHNOLOGY has an intermediate health score of 6/10, indicating that it is likely to sustain future operations in times of crisis. Given this analysis, investors who favour companies with consistent dividend payments and strong fundamentals may be interested in SEAGATE TECHNOLOGY. Furthermore, since SEAGATE TECHNOLOGY is classified as a ‘cow’, investors who are looking for low-risk investments may also consider this company as a potential investment option. More…

Peers

Its major competitors include Western Digital Corp, Micron Technology Inc, and NVIDIA Corp. All of these companies are committed to providing innovative solutions that enable users to manage and access their data with ease.

– Western Digital Corp ($NASDAQ:WDC)

Western Digital Corp is a leading storage technology company that designs, manufactures, and sells data storage solutions. The company has a market cap of 11.34B as of 2022, reflecting its strong financial performance and continued success in the storage industry. Western Digital’s Return on Equity (ROE) is 9.22%, which is higher than the industry average. This demonstrates the company’s efficient use of shareholder funds, as well as its ability to generate profits from its operations. Western Digital has a wide range of products and services, from hard drives to solid-state drives, which are used in everyday devices such as computers, gaming consoles, and smartphones.

– Micron Technology Inc ($NASDAQ:MU)

Micron Technology Inc is a leading global provider of semiconductor memory solutions, systems, and technologies. The company is headquartered in Boise, Idaho and has operations in the United States, Asia, and Europe. As of 2022, Micron Technology Inc had a market capitalization of 59.86B and a Return on Equity (ROE) of 12.3%. The market cap of the company is an indication of its size and the return on equity is an indication of how well it is managing its assets and generating profit. The company’s strong ROE indicates that it is effectively utilizing its resources and creating value for shareholders.

– NVIDIA Corp ($NASDAQ:NVDA)

NVIDIA Corporation is a leading global technology company that designs, manufactures, and markets graphics processing units (GPUs) for gaming, professional visualization, data centers, and artificial intelligence (AI). As of 2022, NVIDIA has a market cap of 422.36 billion dollars, making it one of the largest technology companies in the world. The company has also achieved an impressive Return on Equity (ROE) of 15.77%, indicating that it has proven to be a profitable investment. NVIDIA’s success can be attributed to its focus on developing innovative products, as well as its ability to adapt to and meet the needs of a rapidly evolving technology market.

Summary

Seagate Technology Holdings plc received a consensus rating of “Hold” from analysts at Defense World. Despite the rating, the stock price still moved up on the same day, which indicates that investors remain optimistic about the company’s potential. Seagate Technology is a leading provider of data storage and management solutions and its products are used in a variety of markets including cloud, enterprise and personal computing.

The company’s portfolio of products offer high performance, consistent reliability, and scalability for customers. Investors should be aware of the increasing competition in the industry, as well as the potential for disruption from technological changes as they consider investing in Seagate Technology.