Latest news with #Seagate
Yahoo
6 hours ago
- Business
- Yahoo
How Is Seagate Technology's Stock Performance Compared to Other Tech Stocks?
Singapore-based Seagate Technology Holdings plc (STX) engages in the provision of data storage technology and infrastructure solutions in Singapore, the U.S., and internationally. With a market cap of $27.8 billion, Seagate operates as one of the largest manufacturers of hard disk drives (HDDs) in the world. Companies with a market cap of $10 billion or more are categorized as "large-cap stocks." Seagate fits this description perfectly, with its market cap exceeding this threshold, reflecting its substantial size and influence in the SSD and HDD storage market. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? CoreWeave Stock Is Too 'Expensive' According to Analysts. Should You Sell CRWV Now? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Seagate touched its all-time high of $133.76 in yesterday's trading session before slightly pulling back. STX stock has soared 48.1% over the past three months, significantly outpacing the Technology Select Sector SPDR Fund's (XLK) 13.9% gains during the same time frame. STX has outpaced the tech sector over the longer term as well. STX stock has surged 52.1% on a YTD basis and 23.9% over the past 52 weeks, outperforming XLK's 3.9% uptick in 2025 and 4.4% gains over the past year. Seagate's stock has shot up above its 50-day moving average in late April and above its 200-day moving average in May, underscoring its bullish upturn. Seagate Technology's stock prices rallied 11.6% in the trading session after the release of its impressive Q3 results on Apr. 29. During the quarter, demand for mass capacity storage remained elevated, leading to Seagate's topline soaring 30.5% year-over-year to $2.2 billion, beating the Street's expectations by 1.3%. Moreover, the company experienced a massive improvement in its margins. Seagate's adjusted operating margin for the quarter jumped to 23.5%, significantly up from 11.1% reported in Q3 2024. This led to its adjusted operating income surging 177% year-over-year to $507 million. Meanwhile, its adjusted net income soared by an impressive 473.2% year-over-year to $407 million, and its adjusted EPS of $1.90 surpassed the consensus estimates by a notable margin. Furthermore, as per the company's projections' midpoint, Seagate's Q4 revenues are expected to come in at $2.4 billion and adjusted EPS to come in at $2.40, showcasing significant year-over-year and sequential growth. The company also remains confident in its ability to drive sustainable growth beyond 2025 on the back of solid industry fundamentals and its own positioning. Meanwhile, Seagate has also outperformed its peer Western Digital Corporation's (WDC) 32.4% surge on a YTD basis and 1.6% dip over the past 52 weeks. Among the 19 analysts covering the STX stock, the consensus rating is a 'Moderate Buy.' As of writing, the stock is trading above its mean price target of $125.72. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
How Is Seagate Technology's Stock Performance Compared to Other Tech Stocks?
Singapore-based Seagate Technology Holdings plc (STX) engages in the provision of data storage technology and infrastructure solutions in Singapore, the U.S., and internationally. With a market cap of $27.8 billion, Seagate operates as one of the largest manufacturers of hard disk drives (HDDs) in the world. Companies with a market cap of $10 billion or more are categorized as "large-cap stocks." Seagate fits this description perfectly, with its market cap exceeding this threshold, reflecting its substantial size and influence in the SSD and HDD storage market. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? CoreWeave Stock Is Too 'Expensive' According to Analysts. Should You Sell CRWV Now? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Seagate touched its all-time high of $133.76 in yesterday's trading session before slightly pulling back. STX stock has soared 48.1% over the past three months, significantly outpacing the Technology Select Sector SPDR Fund's (XLK) 13.9% gains during the same time frame. STX has outpaced the tech sector over the longer term as well. STX stock has surged 52.1% on a YTD basis and 23.9% over the past 52 weeks, outperforming XLK's 3.9% uptick in 2025 and 4.4% gains over the past year. Seagate's stock has shot up above its 50-day moving average in late April and above its 200-day moving average in May, underscoring its bullish upturn. Seagate Technology's stock prices rallied 11.6% in the trading session after the release of its impressive Q3 results on Apr. 29. During the quarter, demand for mass capacity storage remained elevated, leading to Seagate's topline soaring 30.5% year-over-year to $2.2 billion, beating the Street's expectations by 1.3%. Moreover, the company experienced a massive improvement in its margins. Seagate's adjusted operating margin for the quarter jumped to 23.5%, significantly up from 11.1% reported in Q3 2024. This led to its adjusted operating income surging 177% year-over-year to $507 million. Meanwhile, its adjusted net income soared by an impressive 473.2% year-over-year to $407 million, and its adjusted EPS of $1.90 surpassed the consensus estimates by a notable margin. Furthermore, as per the company's projections' midpoint, Seagate's Q4 revenues are expected to come in at $2.4 billion and adjusted EPS to come in at $2.40, showcasing significant year-over-year and sequential growth. The company also remains confident in its ability to drive sustainable growth beyond 2025 on the back of solid industry fundamentals and its own positioning. Meanwhile, Seagate has also outperformed its peer Western Digital Corporation's (WDC) 32.4% surge on a YTD basis and 1.6% dip over the past 52 weeks. Among the 19 analysts covering the STX stock, the consensus rating is a 'Moderate Buy.' As of writing, the stock is trading above its mean price target of $125.72. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
4 days ago
- Business
- Yahoo
BofA Lifts Seagate Technology (STX) PT to $145 Following BofA Global Technology Conference
Seagate Technology Holdings (NASDAQ:STX) is one of the 8 Best Inexpensive Stocks to Buy Right Now. On June 9, Bank of America raised its price target for Seagate to $145 from $135, while maintaining a Buy rating on the stock. This optimism follows the 2025 BofA Global Technology Conference, where the analyst gained a more bullish outlook on the Hard Disk Drive/HDD industry. BofA anticipates that rising hyperscaler demand will outpace Exabyte production growth in the upcoming quarters, which suggests a favorable environment for Seagate and the broader HDD sector. In FQ3 2025, the company reported revenue of $2.16 billion for the quarter, which was a 31% year-on-year increase. Hard Drive Revenue alone was $2 billion. A technician configuring a network-attached storage drive. The company achieved its eighth consecutive quarter of gross margin expansion in FQ3 and recorded its third-highest operating margin in history. Seagate's advanced HAMR-based Mozaic drives, which are the industry's only 3 terabyte per disk products, are now ramping up volume to qualified customers. The company has strong demand visibility extending into H1 2026, with new build-to-order agreements currently under negotiation. Seagate Technology Holdings (NASDAQ:STX) provides data storage technology and infrastructure solutions internationally. It sells its products primarily to OEMs, distributors, and retailers. While we acknowledge the potential of STX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Gizmodo
13-06-2025
- Gizmodo
If You Own an Xbox Series X/S, You Can Buy an Official 2TB Expansion Card for 40% Off on Amazon
If you own an Xbox Series X or S, you're already aware of how quickly your storage fills up with new games. Expansions are inevitable and the Seagate Expansion Card SSD is designed specifically for these Microsoft consoles which makes it perfect for gamers who want to maintain their library within reach without sacrificing performance. Amazon currently has this must-have accessory on sale for a low of $219, down from a list price of $360. That's a 39% discount (just barely within Black Friday territory) and and it is one of the great deals available for Xbox owners. If you've been waiting for the right moment to expand your console's storage, you should act now (and fast). See at Amazon Official Expansion Card The Seagate storage expansion card is the only officially licensed expansion card for Xbox Series X and S, and it's built in partnership with Xbox to deliver seamless gameplay. Unlike external hard drives (which may only hold Series X|S games but will not play from the drive itself), this card lets you play your entire collection from the card itself. It mounts right onto the back of your console and acts exactly the same as the internal SSD, so you'll hardly notice a difference in graphics, latency, load times or framerates. This is a big plus for consumers who want to quickly hop between titles without losing any enjoyment or seamlessly access features such as Quick Resume which can bring you back to multiple games almost instantly. Thanks to having 2TB of storage, this is the highest-capacity expansion card available at present for the Xbox Series X|S. It gives you enough space to store thousands of games over four generations of Xbox so you'll never have to take out your favorites to make room for newcomers. The plug-and-play convenience lets you start using it right away—no set-up or install required. Just plug it in, and your console will recognize it at once. The Seagate Storage Expansion Card uses NVMe SSD technology and is built with Xbox Velocity Architecture which ensures that games load quickly and run smoothly. You'll experience richer environments, more immersive gameplay, and faster transitions between scenes. All of the games you play from the expansion card are played as fast and silky as they would be if they were installed onto the console's internal SSD so you never have to compromise on speed or quality. For convenience and capacity maximizers, the Seagate Storage Expansion Card 2TB is your best bet. It's the one expansion card that lets you play Xbox Series X|S games directly from external storage without performance loss. The ongoing price cut on Amazon is more irresistible still given how difficult it is to get deals like this outside of major sale events. See at Amazon
Gizmodo
12-06-2025
- Business
- Gizmodo
Amazon Is Running a Clearance Sale on Seagate SSDs, Now the Final Models Are at Record-Low Prices
Seagate is a brand name that first comes to mind when considering trusted external storage. Its hard disks are trustworthy, easy to use and sturdy which is the reason why they are everyone's go-to option when they want their data to be stored securely and readily available. As storage demands are always increasing, having a reliable external hard drive is more crucial than ever before. Today, the Seagate 4TB external hard drive is priced at an amazing price on Amazon, just $99, down from its usual $124. This is a massive savings and makes the drive an even better value if you're looking for high-capacity storage. While a couple of other models – including the 2TB SSD – are also available for sale (for the moment at $69 instead of $79), all other Seagate drives either cost their normal price or are unavailable. See at Amazon Super Easy to Use This Seagate hard drive connects via USB 3.0 for universal support of PCs, Macs, Xbox, and PlayStation consoles. This makes it the ideal choice for gamers, creators and if you're looking to transfer or back up large files between different platforms. The plug-and-play functionality means no complicated setup or additional software is needed and you just have to plug in the drive and you're ready to go. Its slim profile and light weight also make it simple to tote anywhere you work or travel. You can also expect very good transfer speeds which are more than sufficient for the casual user. It does not achieve the high-speed transfers of an SSD (which is also a lot more expensive) but it provides ample capacity and stable speeds for everyday tasks like storing pictures, videos and documents. If you prioritize capacity over speed, this drive is a fine choice. One unique feature of this Seagate drive is the included 1-year Rescue Service, a feature that provides data recovery support in case a drive is accidentally destroyed or it fails through hardware malfunction. This added safeguard is a value-added feature and gives customers extra confidence that their valuable files are safe. This Seagate drive is a sound investment,and a wise way to upgrade your storage setup without spending a fortune. See at Amazon
