Seagate Technology Public Limited Company (NASDAQ: STX) is the global leader in data storage solutions. The company was founded in 1979, but since 2010, it’s incorporated in Dublin, Ireland, with operational headquarters in Cupertino, California. Seagate designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. Seagate believes that data storage is more than just archiving, it’s about providing way to analyze information, understand patterns and behavior, to re-live experiences and memories.

The company announced revenue of $2.9 billion for the second quarter, gross margin of 30.1%, net income of $159 million and diluted earnings per share of $0.55. Furthermore, the tech giant generated $850 million in cash flow from operations and $773 million in fee cash flow. Cash and cash equivalents totaled approximately $2.6 billion at the end of the quarter. There were 285 million ordinary shares issued and outstanding as of the end of the quarter. The Board has approved a quarterly cash dividend of $0.63 per share.

“Achieving year-over-year revenue and profitability growth and significant cash flow generation in the December quarter reflects Seagate’s solid execution and competitiveness of our storage solutions portfolio, particularly in the cloud-based environments. With our leading storage technology platforms, manufacturing and supply-chain management capabilities, Seagate is in a strong position to support ever-increasing storage demand from diverse markets and applications. Looking ahead, we will continue to focus on operational excellence and accomplishing our financial and shareholder-return objectives,” said Dave Mosley, Seagate’s chief executive officer.

On December 31^st, 2017, I Know First issued a bullish 1-month forecast for Seagate Technology (NASDAQ: STX). The forecast illustrated a signal of 40.22 and a predictability of 0.21. In accordance with the forecast, STX’s stock returned 31.41% over this period, highlighting another quick win by the I Know First algorithm.

Current I  Know First subscribers received this bullish STX forecast on December, 31st, 2017.

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Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.