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Will Seagate (STX) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-17 17:15
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Seagate (STX) , which belongs to the Zacks Computer - Integrated Systems industry, could be a great candidate to consider.This electronic storage maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 31.11%.For the last reported quarter, Seagat ...
Seagate Gears Up for Q1 Earnings: What's in the Offing?
ZACKS· 2024-10-17 14:40
Seagate Technology Holdings plc (STX) is scheduled to report first-quarter fiscal 2025 earnings on Oct. 22.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for first-quarter fiscal 2025 earnings has been revised upwards by 2.1% in the past 60 days at $1.48 per share. The company reported a non-GAAP loss per share of 22 cents in the prior year quarter. The Zacks Consensus Estimate for revenues is currently pegged at $2.11 billion, indicating a 44.8% uptick ...
Seagate (STX) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-10-17 14:21
Wall Street analysts forecast that Seagate (STX) will report quarterly earnings of $1.48 per share in its upcoming release, pointing to a year-over-year increase of 772.7%. It is anticipated that revenues will amount to $2.11 billion, exhibiting an increase of 44.8% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timefra ...
Will Seagate Continue to Gain From Increasing Mass Capacity Demand?
ZACKS· 2024-10-10 17:16
Seagate Technology Holdings plc (STX) is a leading provider of data storage technology and infrastructure solutions.Seagate reported revenues of $6.55 billion in fiscal 2024. In the fiscal fourth quarter of 2024, non-GAAP revenues of $1.89 billion beat the Zacks Consensus Estimate by 1.5%. The figure increased 18% on a year-over-year basis and 14% sequentially driven by growing demand for mass capacity solutions. Management projected revenues to be $1.85 billion (+/- $150 million) for the fiscal fourth quar ...
Artificial Intelligence (AI) Is Set to Drive Solid Growth in This Market: 1 No-Brainer Stock to Buy Hand Over Fist Before That Happens
The Motley Fool· 2024-10-05 09:20
The data storage market has massive growth opportunities thanks to catalysts such as AI, and this company is all about data storage.Goldman Sachs recently released a report estimating that the global cloud computing market could generate a whopping $2 trillion in revenue in 2030. The report projects this market will see a compound annual growth rate of 22% through the end of the decade, with new catalysts such as artificial intelligence (AI) set to play a central role in its growth.Plenty of companies are a ...
Micron's Blowout Results Pave the Way for Seagate's Stock Surge
MarketBeat· 2024-09-30 15:20
Seagate Technology TodaySTXSeagate Technology$109.01 +0.27 (+0.25%) 52-Week Range$64.12▼$113.57Dividend Yield2.57%Price Target$115.94Add to WatchlistSeagate Technology Holdings plc NASDAQ: STX is a leading provider of consumer and enterprise data storage solutions. It is the largest hard disk drive (HDD) manufacturer in the world and also sells solid-state drives (SSD). Combined with rival Western Digital Co. NASDAQ: WDC, the duopoly commands 80% of the global market share of HDD production.The robust fisca ...
Seagate Technology: Recent Performance Creates Intriguing Buying Opportunity (Rating Upgrade)
Seeking Alpha· 2024-09-18 14:25
This article is a follow-up to an article I wrote in July, which you can find here . I will be referencing some details that I mentioned in that article, so I recommend reading it as well.I am currently a college student, but I have been around the investment industry for my entire life. My parents are/were both in the industry which helped create my interest in the market. It also helped form my analysis style. My dad used to have me build spreadsheets for him that included fundamental and sentiment analys ...
Seagate Technology: Cash Flow-Rich Hard Disk Maker With A 3% Dividend Yield
Seeking Alpha· 2024-09-17 10:14
This is the official page of Croatian-American media personality Albert Anthony. Since 2023 he has been a contributor to global financial media portal Seeking Alpha, reaching +1MM investors worldwide & his content often averaging +25,000 views monthly. As an independent contributor, his content on the Seeking Alpha portal provides curated analysis of stocks trading on major US exchanges, with a strong focus on the financials and tech sector, and building a diversified dividend income portfolio, but also a f ...
Seagate Stock Trading Below 52-Week High: To Buy or Not to Buy?
ZACKS· 2024-09-16 15:06
Seagate Technology Holdings plc’s (STX) stock closed the last trading session at $102.13, 10% below its 52-week high of $113.57, reached on July 24, 2024.Over the past six months, the stock has appreciated 19.6%, outperforming the S&P 500 composite and the sub-industry’s growth of 9.3% and 8.9%, respectively. It has also outperformed its peers. Over the same time frame, NetApp (NTAP) and Western Digital (WDC) have posted gains of 15.3% and 9.6%, respectively, while Pure Storage (PSTG) shares have lost 3.3%. ...
Pick Seagate Stock In This AI Boom?
Forbes· 2024-09-11 12:00
UKRAINE - 2023/03/19: In this photo illustration, a Seagate Technology logo is seen on a smartphone ... [+] screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesSeagate stock (NASDAQ: STX Stacks ) has seen a 60% rise in value since early January 2023 – jumping from levels of $64 then to $102 now – vs. an increase of about 42% for the S&P 500 over this period. In comparison, its peer – Western Digital stock (NASDAQ: WDC) – has seen a 2x ...