Seagate (STX) came out with quarterly earnings of $2.61 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $1.58 per share a year ago.
Seagate Technology forecast second-quarter revenue and profit above analysts' estimates on Tuesday, betting on robust demand for its storage devices as cloud providers expand investments in hardware to support generative AI development.
STX's soaring demand for mass-capacity storage, HAMR innovation and strong margins set the stage for another potential earnings beat.
Does Seagate (STX) have what it takes to be a top stock pick for momentum investors? Let's find out.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Seagate (STX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2025.
Seagate Technology's increasing gross margins and free cash flow are attractive to momentum growth investors. Seagate has switched strategies from being a major producer of consumer storage to becoming a major producer of mass storage devices for data centers. The company's data center storage products are popular with hyperscalers focused on cloud and AI infrastructure.
Seagate Technology (STX) stock has decreased by 12.6% in 5 trading days. Do you already hold the stock or are you considering purchasing it?
Seagate stands out as a leader in HDD storage, benefiting from surging demand driven by generative audiovisual AI and data center expansion. STX's mastery of HAMR technology gives it a crucial edge, offering higher data density and energy efficiency. Despite recent price gains, STX's valuation remains attractive given its growth prospects, though risks include potential SSD breakthroughs and an AI market correction.
Seagate and Quantum aim to ride the AI-fueled data surge, but only one stands out with stronger fundamentals, growth potential & execution strength.
Seagate (STX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Seagate (STX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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