Western Digital and Seagate Shares Rebound as Analysts Downplay Toshiba Threat
Macro·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Western Digital and Seagate shares have bounced back after being impacted by reports of Toshiba scaling up hard-drive production. Analysts suggest that even if Toshiba doubles its capacity, it has a long way to go to catch up with Western Digital and Seagate.
The recent analyst commentary has helped to alleviate concerns regarding Toshiba's competition, leading to a recovery in stock prices for both companies. This rebound indicates confidence in Western Digital and Seagate's market positions despite the competitive landscape.
Western DigitalSeagateToshiba
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Even if Toshiba doubles its capacity, analysts say it has a ways to go to catch up with Western Digital and Seagate”
MarketWatch — Western Digital and Seagate shares bounce back as analysts downplay the Toshiba threat“Seagate and Western Digital were hit hard by a report Toshiba is scaling up hard-drive production.”
IBD — Western Digital, Seagate Stock Rebound. What Wall Street Is Saying About Toshiba Competition.