Cantor Fitzgerald analyst C.J. Muse expressed views on Seagate Technology Holdings PLC‘s STX second-quarter results while retaining a Neutral rating and a price target of $120.
STX's fiscal Q2 2025 top line expands 50% year over year, driven by robust performance in nearline cloud services and a recovery in enterprise markets.
Seagate Technology Holdings plc STX reported better-than-expected second-quarter earnings on Tuesday.
Seagate Technology Holdings plc (NASDAQ:STX ) Q2 2025 Earnings Conference Call January 21, 2025 5:00 PM ET Company Participants Shanye Hudson - I|R David Mosley - CEO Gianluca Romano - CFO Conference Call Participants Erik Woodring - Morgan Stanley Wamsi Mohan - Bank of America Krish Sankar - TD Cowen Amit Daryanani - Evercore Timothy Arcuri - UBS Asiya Merchant - Citigroup Steven Fox - Fox Advisors Thomas O'Malley - Barclays Aaron Rakers - Wells Fargo Karl Ackerman - BNP Paribas Vijay Rakesh - Mizuho C.J. Muse - Cantor Fitzgerald Ananda Baruah - Loop Capital Operator Good afternoon, and welcome to the Seagate Technology Fiscal Second Quarter 2025 Conference Call.
While the top- and bottom-line numbers for Seagate (STX) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Seagate (STX) came out with quarterly earnings of $2.03 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $0.12 per share a year ago.
Seagate Technology on Tuesday forecast third-quarter revenue below analysts' estimates, expecting sluggish sales for its storage devices used in personal computers as the PC market struggles to bounce back.
Below we previewed what Wall Street expects next quarter, but what does it expect looking ahead?
Jessica Inskip returns to today's Big 3 to break down her bullishness behind Amazon (AMZN), Citigroup (C) and Seagate Technology (STX). Rick Ducat dives into the technical trends behind each.
Seagate introduces hard drives with up to 36TB capacity, using the innovative Mozaic 3+ platform and advanced HAMR technology.
Seagate Technology Holdings plc STX will release its second-quarter financial results, after the closing bell, on Tuesday, Jan. 21, 2025.
STX's fiscal second-quarter performance is likely to have gained from incremental improvements in mass capacity demand, driven by nearline cloud products.