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 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 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 ...

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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 ...

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 ...

Seagate Technology Holdings plc (STX) is witnessing strong momentum, with shares having rallied 58.2% in the past year compared with the S&P 500 Composite’s 27.7% growth.Headquartered at Dublin, Ireland, Seagate is a leading provider of data storage technology and infrastructure solutions. The company’s primary product offering is hard disk drives or hdds but it also develops other electronic data storage products such as SSD (solid state drive) and storage subsystems.At present, the stock carries a Zacks R ...

Seagate (STX) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this electronic storage maker reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends i ...

Key PointsSeagate, the largest manufacturer of hard disk drives, is ushering in the next generation of high-capacity HAMR technology HDDs in the Mozaic 3+ with up to 30 TBs, doubling the capacity in the same footprint.Seagate reported a fiscal Q3 2024 EPS of 33 cents, beating consensus estimates by 4 cents, while revenues fell 11% YOY but rose 6%, and adjusted EBITDA doubled QOQ, indicating the recovery cycle may be underway.Cloud data center demand is recovering as EBITDA margins expanded to 16.8%, up from ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ____________________________ FORM 10-Q ___________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number 001-31560 _______________________________________ SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMIT ...