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Seagate Shares Rally on Surprise Forecast for Accelerating Growth

Seagate Technology shares were trading sharply higher Friday, reversing losses in after-hours trading a day earlier, on some surprising bullish comments on the outlook for the rest of calendar 2021.

On a conference call with Wall Street analysts Thursday afternoon after the company’s earnings report, Seagate (ticker: STX) CEO Dave Mosely said he expected revenue for calendar 2021 to be up at least 10% from 2020.

As…

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