CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Seagate's high-flying shares fall after first-quarter results

By Reuters News

** Data storage provider Seagate Technology's STX.O shares fell ~6% to $626.32 in extended trading

** STX posts revenue of $4.23 bln for the first quarter, above analysts' average estimate of $4.14 bln, according to data compiled by LSEG

** Co forecasts Q2 revenue of $4.8 billion, plus or minus $100 million, above estimates of $4.32 bln

** Stock has more than doubled so far this year, including a near 6% rise just this week in run-up to results

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk