Seagate Shares Slip After Western Digital’s Cautious Outlook Sends Ripples Through HDD Duopoly
Seagate Technology shares fell about 1.4% in morning trading following Western Digital’s after-hours report, which beat near-term revenue and earnings expectations but issued forward guidance that disappointed investors. The close duopoly between Seagate and Western Digital in high-capacity hard disk drives means WDC’s cautious tone is read across …