Seagate Technology Holdings Plc (STX)
STX Stock Up 34% in a Year on Solid Demand Trends: Should You Buy?
Solid financial performance, strategic initiatives, and healthy market demand make Seagate an attractive investment opportunity.
Seagate: 4 Reasons to Buy-the-Dip on the Sell-the-News Reaction
Seagate Technology Holdings PLC NASDAQ: STX is the world's largest manufacturer of hard disk drives (HDDs), competing with Western Digital Co. NASDAQ: WDC, one of the largest makers of flash solid state drives (SSDs). After eight consecutive quarters of declining revenue facing normalization from the industry inventory glut, Seagate finally saw a revenue rise in fiscal Q4 2024, prompting a large guidance raise for the computer and technology sector leader in its fiscal first quarter of 2025.
What Makes Seagate (STX) a New Buy Stock
Seagate (STX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Seagate Technology Stock Plunges After Earnings Beat. Here's Why.
The disk-drive provider beat quarterly estimates for earnings and sales but disappointing guidance seemed to take priority.
Seagate's Q1 Earnings & Revenues Beat Estimates, Up Y/Y, Stock Down
STX's first-quarter fiscal 2025 performance gains from an improvement in demand for mass capacity solutions.
Seagate Technology Is Well Positioned For The Last Half Of The Upcycle
Seagate Technology Holdings plc is well-positioned with multiple catalysts, including AI PC adoption, cloud data center expansions, and the impending traditional CPU server refresh. Management anticipates margin expansion due to growing AI application demand, particularly in video and image applications, and expects revenue growth from HDDs and Mozaic HAMR products. Seagate built up a significant level of inventory in Q1 '25 which may create a major tailwind for free cash flow generation for the duration of eFY25.
Seagate Technology Holdings plc (STX) Q1 2025 Earnings Call Transcript
Seagate Technology Holdings plc (NASDAQ:STX ) Q1 2025 Earnings Conference Call October 22, 2024 5:00 PM ET Company Participants Shanye Hudson - I|R Dave Mosley - CEO Gianluca Romano - CFO Conference Call Participants Wamsi Mohan - Bank of America Krish Sankar - TD Cowen Amit Daryanani - Evercore Erik Woodring - Morgan Stanley Toshiya Hari - Goldman Sachs Asiya Merchant - Citigroup Aaron Rakers - Wells Fargo Timothy Arcuri - UBS C.J. Muse - Cantor Fitzgerald Steven Fox - Fox Advisors Ananda Baruah - Loop Capital Thomas O'Malley - Barclays Mark Miller - The Benchmark Company Karl Ackerman - BNP Paribas Operator Welcome to the Seagate Technology Fiscal First Quarter 2025 Conference Call.
Seagate (STX) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Seagate (STX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Seagate (STX) Tops Q1 Earnings and Revenue Estimates
Seagate (STX) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to loss of $0.22 per share a year ago.
Seagate forecasts Q2 profit above estimates on strength from cloud customers
Seagate Technology forecast second-quarter profit above Wall Street estimates and beat quarterly results on Tuesday, owing to the significant increase in cloud demand from global customers for its memory chips.
What STX Recovery Chapter Means for A.I. Story
Seagate (STX) reports earnings once markets close. Alex Coffey says the company saw a "tremendous" decline in 3Q 2023, but this 3Q report is expected to send the stock to the upside.
Seagate Technology Buy Signals Before Earnings (Technical Analysis)
Seagate Technology has multiple buy signals and is rated a strong Buy by SA Quant, with a Buy by SA analysts and Wall St. analysts. The weekly chart shows STX outperforming the index with strong demand indicators like ADX and MACD, suggesting continued upward momentum. Chaikin Money Flow has turned positive, indicating a potential rise in price if current buy signals hold.
