Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.Michael takes a macro-value-oriented approach to investment analysis and prides himself in being able to make investment recommendations based on cross-industry analysis.Analyst ...

Key TakeawaysSeagate Technology shares surged Wednesday as analysts raised their price targets for the stock after the data storage provider's quarterly results topped estimates.Morgan Stanley called the stock a "top pick," citing AI-driven demand for data storage.The company said it is ramping up production of its high-capacity hard drives, which analysts see as a tailwind going into the back half of the year. Seagate Technology (STX) shares jumped Wednesday as several analysts raised their price targets f ...

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.Yesterday, the company reported second-quarter FY25 revenue of $2.33 billion, beating the consensus.Seagate expects third-quarter adjusted EPS of $1.70 at the midpoint, against the analyst’s previewed estimate of ~$1.60. It also expects revenue of $2.10 billion at the midpoint versus the analyst’s previewed estimate of $2.10 billion.T ...

Seagate Technology Holdings plc (STX) reported second-quarter fiscal 2025 non-GAAP earnings of $2.03 per share, beating the Zacks Consensus Estimate by 7.98%. Also, the figure was toward the high end of management’s guidance of $1.85 per share (+/- 20 cents). The figure surpassed $2 for the first time in 12 quarters, highlighting STX’s continued focus on profitability. The company reported non-GAAP earnings of 12 cents per share in the year-ago quarter. The strong uptake of its high-capacity nearline drives ...

Financial Data and Key Metrics - The company has posted its earnings press release and detailed supplemental information for the December quarter results on the Investors section of its website [3] - The call will refer to both GAAP and non-GAAP measures, with non-GAAP figures reconciled to GAAP figures in the earnings press release and Form 8-K [4] - Certain non-GAAP outlook measures have not been reconciled due to material items that are out of the company's control or cannot be reasonably predicted [4] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were provided in the content Market Data and Key Metrics - No specific data or metrics related to individual markets were provided in the content Company Strategy and Industry Competition - No specific information on company strategy or industry competition was provided in the content Management Commentary on Operating Environment and Future Outlook - The call contains forward-looking statements that reflect management's current views and assumptions [5] Other Important Information - The event is being recorded, and participants will be in listen-only mode during the presentation [2] - After the presentation, there will be an opportunity for participants to ask questions [2] Q&A Session - No specific questions or answers were provided in the content

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.98%. A quarter ago, it was expected that this electronic storage maker would post earnings of $1.48 per share when it actually produced earnings of $1.58, delivering a surprise of 6.76%.Over the last four quarters, the co ...

Exhibit 99.1 "Seagate ended calendar 2024 on a strong note as we grew revenue, gross margin and non-GAAP EPS successively in each quarter of the year. Our results demonstrate structural improvements in the business and our focus on value capture in an improving demand environment, highlighted by decade-high gross margin performance exiting the December quarter," said Dave Mosley, Seagate's chief executive officer. "We are advancing our technology roadmap to meet our customers' growing need for scalable, cos ...

Seagate Technology Holdings plc (STX) has announced the shipment of Exos M hard drive samples to select customers, with capacities of up to 36 terabytes (TB). Using the innovative Mozaic 3+ platform, which features heat-assisted magnetic recording (HAMR) technology, these drives are designed to meet the massive storage needs of modern data centers.STX highlighted that data storage is witnessing a major shift owing to exponential data growth spurred by cloud growth and artificial intelligence (AI) adoption. ...

Seagate Technology Holdings plc (STX) is scheduled to report second-quarter fiscal 2025 earnings on Jan. 21.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for second-quarter fiscal 2025 earnings has remained unchanged in the past 60 days at $1.88 per share. The company reported non-GAAP earnings of 12 cents in the prior-year quarter. The Zacks Consensus Estimate for revenues is currently pegged at $2.31 billion, indicating a 48.6% uptick from the year-a ...

The upcoming report from Seagate (STX) is expected to reveal quarterly earnings of $1.88 per share, indicating an increase of 1466.7% compared to the year-ago period. Analysts forecast revenues of $2.31 billion, representing an increase of 48.6% year over year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company ...