Seagate (STX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Seagate Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, today announced that management is scheduled to participate in the following virtual investor event:
Take Seagate Technology (NASDAQ: STX), for instance. A dividend payout increase and new share repurchase authorization sweeten the deal for shareholders, but they should expect more turbulence ahead. A solid dividend payment still handily covered by long-term free cash flow (revenue less cash operating and capital expenses) generation caught my eye, and pessimism due to a cyclical downturn for semiconductor stocks made shares look too cheap to ignore.