** Seagate Technology STX shares hit an all-time high ahead of the company's quarterly earnings report, due after the bell, with analysts anticipating strong revenue growth driven by rising demand for mass capacity storage solutions
** STX shares last up 1.55% at $152.79. Stock earlier hit an all-time high of $155.52
** Analysts expect quarterly revenue to rise 29% to $2.43 bln, as per data compiled by LSEG. Adjusted EPS seen at $2.45 vs $1.05 yr-ago
** The stock has surged about 77% YTD, outperforming Nasdaq .IXIC, which is up 9% YTD
** Despite the rally, Seagate is currently trading at 15 times forward earnings—just below its five-year average forward P/E ratio of 16.
(Reporting by Noel Randewich)
((noel.randewich@thomsonreuters.com))