On Tuesday, Shares of Seagate Technology PLC (NASDAQ:STX), subtract -7.56% and closed at $35.10 in the last trading session. The last trading range of the stock ranges between $34.83 and $38.22. The company’s Market capitalization is $10.55 Billion with the total Outstanding Shares of 298.61 million. During the 52-week trading session the minimum price at which share price traded, registered at $18.42 and reached to max level of $49.43. Seagate Technology plc (the “Company”) recently declared selected preliminary financial information for its fiscal first quarter 2017, which ended on September 30, 2016. Seagate anticipates to report revenue of about $2.8 billion, and GAAP and non-GAAP gross margin of about 29%. The Company anticipates to report HDD exabyte shipments of about 67 exabytes, reflecting unit shipments of about 39 million and average capacity per drive of 1.7 terabytes.
These preliminary results compare to the Company’s previous forecast for fiscal first quarter 2017 revenue of at least $2.7 billion and non-GAAP gross margin of at least 27%. The strength in the Company’s revenue and gross margin for the quarter was driven mainly by better than expected demand for the Company’s high capacity enterprise HDD product portfolio. Formerly declared cost containment measures and restructuring actions continue to progress as planned. GAAP and Non-GAAP operating expenses for the September quarter are expected to be about $580 million and $470 million respectively, increasing sequentially from the June quarter mainly because of higher variable compensation related to better financial performance. The Company ended the quarter with about $1.5 billion in cash and cash equivalents.
ENSCO PLC (NYSE:ESV), dropped -2.20% and closed at $8.45 in the last trading session. The last trading range of the stock ranges between $8.36 and $8.60. During the 52-week trading session the minimum price at which share price traded, registered at $6.49 and reached to max level of $18.93. Ensco plc (ESV) will hold its third quarter 2016 earnings conference call at 10:00 a.m. CDT (11:00 a.m. EDT and 4:00 p.m. London) on Thursday, 27 October 2016. The earnings release will be issued before the New York Stock Exchange opens that morning.
Ensco uses its website to disclose material and non-material information to shareholders, customers, employees and others interested in the Company. To receive regular updates on Ensco news or SEC filings, please sign-up for Email Alerts on the Company’s website.
Ensco plc (ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. For more than 28 years, the Company has focused on operating safely and going beyond customer expectations. Ensco is ranked first in total customer satisfaction in the most recent independent survey by EnergyPoint Research — the sixth successive year that Ensco has earned this distinction. Operating one of the newest ultra-deepwater rig fleets and a leading premium jackup fleet, Ensco has a major presence in the most planned offshore basins across six continents. Ensco plc is an English limited company (England No. 7023598) with its registered office and corporate headquarters located at 6 Chesterfield Gardens, London W1J 5BQ.