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Seagate Technology CFO Sees Nearline Demand Above Supply, Sticks With Steady Price Hikes [Yahoo! Finance]

Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX)  More Company Research Source: Yahoo! Finance
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: seagate.com/investors/overview
exabyte growth of roughly a mid-20s % CAGR, while sticking to a policy of steady, modest price increases to drive adoption of higher-capacity drives and keep average $/TB “flat to slightly up.” HAMR ramp and cost improvement: More than 20% of Seagate's nearline exabytes were HAMR (Mozaic 3+) last quarter, the company is qualifying Mozaic 4+ with large cloud customers and expects meaningful cost-per-terabyte declines beginning with the 40TB generation and larger volume ramps later in the year. Capacity strategy and capital returns: Seagate's factories are “full” and it will grow exabytes via higher-capacity drives (SMR share rising) rather than unit volume, while continuing margin improvement, cutting debt (from $6B to $4B) and targeting 75% of free cash flow returned to shareholders. Interested in Seagate Technology Holdings PLC? Here are five stocks we like better. Forget the Chips, Buy Memory: Why AI Money Is Moving to Storage Seagate Technology (NASDAQ:STX) CFO Gianluca R [Read more]
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Seagate Technology CFO Sees Nearline Demand Above Supply, Sticks With Steady Price Hikes [Yahoo! Finance]

Seagate Technology Holdings PLC - Ordinary Shares (Ireland)  (STX) 
More Company Research Source: Yahoo! Finance
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: seagate.com/investors/overview
exabyte growth of roughly a mid-20s % CAGR, while sticking to a policy of steady, modest price increases to drive adoption of higher-capacity drives and keep average $/TB “flat to slightly up.” HAMR ramp and cost improvement: More than 20% of Seagate's nearline exabytes were HAMR (Mozaic 3+) last quarter, the company is qualifying Mozaic 4+ with large cloud customers and expects meaningful cost-per-terabyte declines beginning with the 40TB generation and larger volume ramps later in the year. Capacity strategy and capital returns: Seagate's factories are “full” and it will grow exabytes via higher-capacity drives (SMR share rising) rather than unit volume, while continuing margin improvement, cutting debt (from $6B to $4B) and targeting 75% of free cash flow returned to shareholders. Interested in Seagate Technology Holdings PLC? Here are five stocks we like better. Forget the Chips, Buy Memory: Why AI Money Is Moving to Storage Seagate Technology (NASDAQ:STX) CFO Gianluca R [Read more]
IMPACT SNAPSHOT
EVENT TIME:
STX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS