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Why Seagate Stock Skyrocketed This Week

TheMotleyFool

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Why Seagate Stock Skyrocketed This Week: https://g.foolcdn.com/editorial/images/868478/gettyimages-1348229414.jpg

Seagate Technology (NASDAQ: STX) stock booked strong valuation gains following the company's latest earnings release. The company's share price rose 24% over the last week of trading.

After the market closed on April 28, Seagate published results for the second quarter of its 2026 fiscal year -- which ended April 3. Sales and earnings for the period far exceeded Wall Street's expectations, and management issued positive forward guidance.

Image source: Getty Images.

Source Fool.com

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