$Seagate Tech(STX.US)
Seagate has pulled back ahead of Q4 earnings, but I see this as normal consolidation after a huge run, not a major warning sign.
Demand for high-capacity drives remains strong, non-GAAP gross margin reached 47%, and free cash flow rose to $953 million last quarter.
I’m still holding STX because I’m focused on the earnings cycle, cash flow, and storage demand, not the next few candles. Unless the business story changes, the position stays.
@Captain's Treasure
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
