One stock that might be an intriguing choice for investors right now is Seagate Technology PLCSTX . This is because this security in the Computer - Storage Devices space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Computer - Storage Devices space as it currently has a Zacks Industry Rank of 22 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Seagate is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
Seagate Technology PLC Price and Consensus
Seagate Technology PLC Price and Consensus | Seagate Technology PLC Quote
In fact, over the past month, current quarter estimates have risen from 85 cents per share to $1.04 per share, while current year estimates have risen from $3.80 per share to $4.51 per share. This has helped STX to earn a Zacks Rank #1 (Strong Buy), further underscoring the company's solid position. You can see the complete list of today's Zacks #1 Rank stocks here .
So, if you are looking for a decent pick in a strong industry, consider Seagate. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Seagate Technology PLC (STX): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
