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Seagate Technology (STX) Looks Good: Stock Adds 12.6% in Session

Seagate Technology plcSTX was a big mover last session, as the company saw its shares rise more than 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $32.87 to $34.94 in the past one-month time frame.

The move came after the company reported better-than-expected first-quarter fiscal 2018 results.

The company has not seen any estimate revisions in the past one month, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Seagate currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

Seagate Technology PLC Price

Seagate Technology PLC Price | Seagate Technology PLC Quote

Investors interested in the Computer- Storage Devices industry may consider NetApp, Inc. NTAP , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

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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.

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