"Seagate's stock is up 613.7% over the past year and 110.63% year to date, with a 52.35% move in the last month alone. Revenue grew 44.07% year over year, and free cash flow hit $953 million. However, the company is at the top of its pricing cycle, with a P/E of 67 and significant insider selling."
"Alphabet crossed $400 billion in annual revenue for the first time, generating $164.7 billion in operating cash flow. Its cloud revenue grew 48% year over year, while Seagate captures only a commoditized input in the AI supply chain."
Seagate Technology's stock rose 13% following a 17.13% earnings beat, reflecting a 613.7% increase over the past year. Revenue grew 44.07% year over year, with a significant rise in gross margin and free cash flow. However, the company operates at the peak of its pricing cycle, with a high P/E ratio of 67 and insider selling. In contrast, Alphabet presents a more favorable investment opportunity due to its comprehensive business model, substantial revenue growth, and self-funding scale, making it a better choice than Seagate.
Read at 24/7 Wall St.
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