Seagate(STX)

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Seagate(STX) - 2024 Q4 - Annual Results
2024-07-23 20:10
Exhibit 99.1 Investor Relations Contact: Shanye Hudson, (510) 661-1600 shanye.hudson@seagate.com Media Contact: Agnieszka Zielinska, (503) 380-0948 agnieszka.zielinska@seagate.com SEAGATE TECHNOLOGY REPORTS FISCAL FOURTH QUARTER AND FISCAL YEAR 2024 FINANCIAL RESULTS Fiscal Q4 2024 Highlights Fiscal Year 2024 Highlights FREMONT, CA – July 23, 2024 - Seagate Technology Holdings plc (NASDAQ: STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, today reported financial results ...
Factors to Note Ahead of Seagate's (STX) Q4 Earnings Release
ZACKS· 2024-07-19 13:40
Seagate Technology Holdings plc (STX) is scheduled to report fourth-quarter fiscal 2024 earnings on Jul 23.The Zacks Consensus Estimate for the earnings is pegged at 75 cents per share. STX reported a loss of 18 cents per share in the prior-year quarter. The consensus estimate for revenues is pegged at $1.86 billion, suggesting an increase of 16.1% from a year ago levels.Management anticipates fourth-quarter fiscal 2024 revenues to be $1.85 billion (+/- $150 million). Non-GAAP earnings are expected to be 70 ...
Seagate (STX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-07-16 15:06
Seagate (STX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers are better than expectatio ...
Are Business Services Stocks Lagging Seagate Technology (STX) This Year?
ZACKS· 2024-07-11 14:40
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Seagate (STX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Seagate is a member of our Business Services group, which includes 315 ...
Seagate Technology Stock: AI Data Demand Can Push Shares To An All-Time High
Seeking Alpha· 2024-06-24 21:52
JHVEPhoto Shares of Seagate Technology Holdings plc (NASDAQ:STX) have gained momentum since the company's latest quarterly results. The stock is up nearly 70% over the past year, benefiting from a rebound in earnings. While the mass-capacity data storage market has faced uncertainties in recent years, new demand from cloud computing applications where the technology is still considered the most cost-effective option supports a positive outlook. We last covered STX nearly three years ago highlighting the com ...
Seagate (STX) Collaborates With eBay to Boost Sustainability
ZACKS· 2024-06-19 14:50
Seagate Technology Holdings plc (STX) is collaborating with eBay to set up its storefront on the latter’s e-commerce platform. The storefront on eBay will establish a direct channel for STX’s consumers to gain access to “factory-recertified” hard drives. These recertified (by Seagate) drives will also come with a limited warranty.STX, as a part of the Seagate Circularity Program, is looking to lower hard drive shredding and boost the reuse of storage devices. Hard drive shredding is an unsustainable practic ...
Seagate (STX) Stock Surges 21.6% YTD: Will the Rally Last?
ZACKS· 2024-06-17 13:21
Seagate Technology Holdings plc (STX) is continuing its upward trajectory, with a gain of 21.6% year to date compared with the S&P 500 composite and sub-industry’s growth of 14.1% and 16.4%, respectively.With healthy fundamentals and strong growth opportunities, this Zacks Rank #2 (Buy) stock appears to be a solid investment option at the moment.Apart from a favorable rank, STX has a Growth Score of A. Per Zacks’ proprietary methodology, stocks with a combination of a Zacks Rank #1 (Strong Buy) or 2 and a G ...
Why Seagate (STX) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-06-03 14:56
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...
Seagate (STX) Up 8.7% Since Last Earnings Report: Can It Continue?
zacks.com· 2024-05-23 16:36
A month has gone by since the last earnings report for Seagate (STX) . Shares have added about 8.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Seagate due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Seagate's Q3 Earnings Beat EstimatesSeagate reported third-qua ...
Seagate (STX) Is Up 7.44% in One Week: What You Should Know
zacks.com· 2024-05-16 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...