Is Seagate Technology PLC (STX) Still an Outperformer?

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Over time, I still believe that Seagate will successfully mitigate the damage of the PC fallout with its growing cloud storage business. In the meantime, however, investors may want to wait and see how punishing the market is on the stock, and potentially get in at a cheaper level than we have seen in a few months. Also keep an eye on Western Digital Corp. (NASDAQ:WDC)‘s apparent market share gains — an emerging concern for some analysts. Seagate traded down as much as 10% upon releasing its earnings, but recovered to a 4% loss.

The article Is Seagate Still an Outperformer? originally appeared on Fool.com and is written by Michael Lewis.

Fool contributor Michael Lewis has no position in any stocks mentioned. The Motley Fool owns shares of Western Digital.

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