Seagate Technology (NASDAQ: STX) stock is soaring Wednesday following a strong quarterly report. The storage specialist's share price was up 19.3% as of 3:30 p.m. ET. 

After yesterday's market close, Seagate published results for the first quarter of its current fiscal year, which ended Oct. 3. The company reported sales and earnings that beat expectations, and it also announced a dividend hike and encouraging forward guidance.

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Source Fool.com