CERN Accelerating science

Major Development In Views: Seagate Technology PLC (NASDAQ:STX), JDS Uniphase Corporation (NASDAQ:JDSU), Rex Energy Corporation (NASDAQ:REXX)

Date published: 
17 Mar 2015

Seagate Technology PLC (NASDAQ:STX)[Trend Analysis] announced it has entered into a three-year partnership with CERN openlab to collaborate on the development of the Seagate Kinetic Open Storage platform. The partnership aims to help CERN, the European Organization for Nuclear Research, to better manage and store the 100 petabytes of data the Large Hadron Collider has generated to date, as well as the additional 2-3 petabytes of information it produces on a monthly basis in its quest to further humanity’s understanding of the universe. Seagate Technology PLC (NASDAQ:STX) has 328.34 million outstanding shares with market capitalization of 18.01 Billion and its share price finished at $54.84 by surging 2.01% in last traded session. As the returns are concern, return on equity was recorded 66.90% and firm increased its return on investment of 26.50% while its return on asset stayed at 21.00%.