Best Shipping Stocks To Invest In Right Now

Best Shipping Stocks To Invest In Right Now: Seagate Technology.(STX)

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. The company?s products are used in enterprise servers, mainframes, and workstations; desktop and notebook computers; digital video recorders; personal data backup systems; portable external storage systems; and digital media systems. It also provides data storage services for small to medium-sized businesses, including online backup, data protection, and recovery solutions; and ships external backup storage solutions under its Free Agent Go and Free Agent Go Flex product lines. The company sells its products primarily to original equipment manufacturers, distributors, and retailers. Seagate Technology Public Limited Company was founded in 1979 and is headquartered in Dublin, Ireland.

Advisors' Opinion:

• [By Dan Caplinger]

  The big challenge that Marvell has had to face going back well beyond the past quarter is the decline on the PC side of its business. In particular, Western Digital (NASDAQ: WDC  ) and Seagate Technology (NASDAQ: STX  ) have been at the forefront of consolidation in the hard-drive industry, buying up operations from former rivals and thereby concentrating Marvell's exposure to a shrinking number of players in the space. Yet both Western Digital and Seagate have had to look to create hybrid solid-state/hard-disk drives to stay competitive with pure solid-state drives. If either company decides that Marvell's controller chips aren't necessary, it would have a huge impact on Marvell's overall business.

• [By Lauren Pollock]

  Seagate Technology Inc.'s(STX) fiscal first-quarter earnings fell 27%, pressured by sliding revenue at the data-storage company. Shares fell 3.7% to $48 in premarket trading as results missed expectations.

• [B! y Sean Williams]

  Hard-disk drive maker Seagate Technologies (NASDAQ: STX  ) jumped 7.3% after also reporting Street-topping quarterly results yesterday. In the third-quarter, Seagate delivered an adjusted profit of $1.26 per share despite a 21% drop in revenue, to $3.5 billion, from the year-ago period. Still, this was more than enough to top Wall Street's expectation of just $1.15 in EPS, and caused brokerage firm Needham & Co. to upgrade Seagate to "buy," with a $45 price target. Given Seagate's unique position in handling the growing storage demands of the cloud-computing transition, I see a good chance for the share price to head even higher than Needham's target.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/best-shipping-stocks-to-invest-in-right-now-3.html