Seagate Technology (STX) Surges 7.4%: Is This an Indication of Further Gains? [Yahoo! Finance]
Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX)
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm
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Source: Yahoo! Finance
This compares to the stock's 0.5% loss over the past four weeks. The increase in share price is largely attributable to strengthening analysts' confidence owing to recovery in mass capacity demand. Improvement in mass capacity demand is being driven by higher nearline cloud demand. Higher sales to cloud customers across United States and stabilized enterprise demand is driving nearline cloud revenues for Seagate. Healthy momentum witnessed for SSD products is driving the non-HDD segment's revenue growth. In the last reported quarter, non-GAAP revenues of $1.555 billion improved 7% sequentially and remained within management's guidance of $1.55 billion (+/- $150 million). Management expects secular trends and innovations in driving up aerial density to benefit mass capacity storage. STX also noted that the launch of Mozaic 3+ hard drive platform earlier in the year, which features Heat-Assisted Magnetic Recording technology, has positioned it well to capture higher market sha
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News
- Seagate Technology: Valuation Needs To Go Down Some More To Be Attractive [Seeking Alpha]Seeking Alpha
- Seagate Technology Holdings plc (NASDAQ: STX) had its price target raised by analysts at UBS Group AG from $90.00 to $95.00. They now have a "neutral" rating on the stock.MarketBeat
- Seagate Technology Holdings plc (NASDAQ: STX) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $84.00 to $96.00. They now have a "neutral" rating on the stock.MarketBeat
- Seagate Technology Holdings plc (NASDAQ: STX) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Seagate Technology Holdings plc (NASDAQ: STX) had its price target raised by analysts at Cantor Fitzgerald from $95.00 to $100.00. They now have a "neutral" rating on the stock.MarketBeat
STX
Earnings
- 4/23/24 - Beat
STX
Sec Filings
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/23/24 - Form 8-K
- STX's page on the SEC website