STX

Seagate Technology PLC

TMT


Presented:02/09/2016
Price:$29.41
Cap:$8.85B
Current Price:$111.79
Cap:$23.53B

Presented

Date02/09/2016
Price$29.41
Market Cap$8.85B
Ent Value$13.90B
P/E Ratio14.93x
Book Value$6.15
Div Yield8.57%
Shares O/S301.00M
Ave Daily Vol5,309,392
Short Int10.59%

Current

Price$111.79
Market Cap$23.53B
Seagate Technology Plc engages in the provision of electronic data storage technologies and solutions. Its products and services include network attached storage, high performance computing, data protection appliances, internal hard drives, backup and recovery services, flash storage, and related solutions. The company was founded by Finis Conner, David Thomas Mitchell, Alan F. Shugart, Syed Iftikar, and Doug Mahon on 1979 and is headquartered in Dublin, Ireland.

Publicly traded companies mentioned herein: Seagate Technology PLC (STX), Toshiba Corp (6502 JP), Western Digital Corp (WDC)

Highlights

The presenter is short shares of Seagate (STX), expecting a meaningful shift away from hard disk drive (HDD) technology to solid state drive (SSD)/flash technology in both the high performance enterprise business and the consumer PC business. The presenter sees impending declines in top line revenue, which would do disproportionate impact on EBIT and EPS numbers due to STX’s margin mix. On 10x 2017 EPS, which the presenter models at $2.00 (a meaningful departure from consensus estimates of ~$3.50), STX shares could fall to $20, from $30 today.

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Idea Discussion

Commentor 1 - 2 weeks ago

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