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Mixed fiscal Q2 2021 for Seagate

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Miguel A. Rodriguez
Miguel A. Rodriguez
25 January 2021
Seagate gained on EPS, but lost on revenue

The California-based data storage company Seagate posted mixed second-quarter 2021 figures.

For the quarter ended in December, Seagate reported an adjusted EPS of $1.29 higher than the $1.20 published in the year-earlier quarter. The revenue slipped 2.7% to $2.62 billion from $2.7 billion reported a year ago.

For the future, Seagate expects its revenue to reach $2.65 billion, and an EPS of $1.30. At the same time, economists see the stock price reaching a high of $65.

Following the news, Seagate stock price fell 6.3% to $58.96.

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Source: barrons.com, thestreet.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.