On Wednesday, Shares of Seagate Technology PLC (NASDAQ:STX), added 0.37% and closed at $35.23 in the last trading session. The last trading range of the stock ranges between $35.15 and $36.00. The company’s Market capitalization is $9.77 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.
Transenterix Inc (NYSEMKT:TRXC), jumped 11.22% and closed at $2.18 in the last trading session. The last trading range of the stock ranges between $1.90 and $2.33. The company’s Market capitalization is $258.62 million with the total Outstanding Shares of 115.00 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.03 and reached to max level of $6.10. TransEnterix, Inc. (NYSE MKT: TRXC), a medical device company that is pioneering the use of robotics to improve minimally invasive surgery, recently declared that the first radical hysterectomy for cervical cancer utilizing its Senhance surgical robot was performed by gynecologic surgeon Dr. Salvatore Gueli Alletti, a member of Professor Giovanni Scambia’s team, at the Policlinico A. Gemelli Foundation in Rome, Italy.
“This is an exciting development in the minimally invasive surgical field. The Senhance system was successfully utilized to perform a radical hysterectomy with bilateral pelvic lymphadenectomy,” said Dr. Gueli Alletti. ”This is an extensive oncological dissection, and the system’s precision, camera control, ergonomics and haptics were important benefits to assist perform this operation safely and effectively. I strongly believe that the Senhance is a promising technology in complex gynecologic oncology.”
Home Depot Inc (NYSE:HD), gained 0.67% and closed at $126.69 in the last trading session. The last trading range of the stock ranges between $125.71 and $127.16. During the 52-week trading session the minimum price at which share price traded, registered at $109.62 and reached to max level of $139.00. The Home Depot®, the world’s leading home improvement retailer, recently declared the appointment of Jeff Boyd, interim chief executive officer and president of The Priceline Group, Inc. (“Priceline”), to the company’s board of directors. Boyd will serve on the company’s Nominating and Corporate Governance Committee and its Finance Committee. His appointment gives the company 13 directors, 12 of whom are independent.
Boyd has served in a number of senior executive positions during his tenure at Priceline, a leading provider of online travel and related services. His planned leadership at Priceline guided the company to grow from a loss in 2002 to a multi-billion dollar profitable business.
Boyd has served as Priceline’s interim CEO and president since April 2016, and has served as its chairman since January 2013. He formerly served in a number of roles of increasing responsibility at Priceline, counting as its president and CEO from November 2002 until December 2013. He was Priceline’s president and Co-CEO from August 2002 to November 2002; its chief operating officer from November 2000 to August 2002; and its executive vice president, general counsel and secretary from January 2000 to October 2000. Before joining Priceline, Boyd was executive vice president, general counsel and secretary of Oxford Health Plans, Inc.