Seagate Stock Soars To 3-Month High On Q2 Beat: Retail Stays Bullish
Seagate Technology Holdings (STX) stock rose sharply in Wednesday’s early trading after the data storage devices company announced an upbeat fiscal year 2025 second-quarter results. The Fremont, California-based company reported second-quarter non-GAAP earnings per share (EPS) of $2.
Seagate rises after 'strong' Q2 keeps Wall Street bullish; Benchmark upgrades
Seagate Technology's (NASDAQ:STX) stock jumped about 6% premarket on Wednesday after fiscal second quarter results beat estimates, which drew positive reactions from analysts. Benchmark Equity upgraded Seagate's rating to Buy from Hold with a $120 target price.
These Analysts Increase Their Forecasts On Seagate After Strong Q2 Earnings
Barclays analyst Tom O’Malley maintained the stock with an Equal-Weight rating and raised the price target from $95 to $105. Northland Capital Markets analyst Gus Richard reiterated Seagate with an Outperform rating and raised the price target from $144 to $160.
Seagate: Fiscal Q2 Earnings Snapshot
SINGAPORE — SINGAPORE — Seagate Technology Holdings plc (STX) on Tuesday reported fiscal second-quarter earnings of $336 million. On a per-share basis, the Singapore-based company said it had net income of $1.55. Earnings, adjusted for non-recurring costs and stock option expense, came to $2.03 per share.
Seagate's Q2 Earnings & Revenues Beat, Increase Y/Y, Stock Gains
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.
Seagate Introduces 36TB HAMR Hard Disk Drives
Seagate announced that they are shipping 36TB HAMR evaluation drives to customers. A study shows AI will drive demand for ...
Seagate forecasts third-quarter revenue below estimates on slow PC market rebound
Seagate Technology on Tuesday forecast third-quarter revenue below analysts' estimates, expecting sluggish sales for its storage devices used in personal computers as the PC market struggles to bounce ...
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Live Earnings Blog: Will Seagate (STX) Soar After Announcing Earnings?
Live Updates Make sure to refresh this page periodically for updates. Seagate Comments on Artificial Intelligence 3:40 pm As ...
Seagate Ramps Up Technology For AI, Delivers Profitable Growth In Q2
Seagate Technology shares are trading higher premarket on Wednesday. Yesterday, the company beat the Wall Street consensus of $1.56 billion.
Seagate reports Q2 EPS $2.03, consensus $1.88
Reports Q2 revenue $2.33B, consensus $2.32B. “Seagate (STX) ended calendar 2024 on a strong note as we grew revenue, gross margin and non-GAAP ...
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Seagate Launches Hard Drive Capacities of Up to 36TB
Seagate has launched a hard drive with capacities of up to 36TB, expanding the Mozaic 3+ Platform. Takeaway Points Seagate ...
AI adoption to double storage demands in just 3 years, Seagate survey finds
The data deluge is mainly being handled by the cloud. The survey indicates that 65% of all AI-related data is already being stored in the cloud ...
Seagate upgraded to Buy at Summit Insights on HAMR transition
Summit Insights analyst Kinngai Chan upgraded Seagate (STX) to Buy from Hold. The firm is positive on the company’s HAMR HDD technology ...
Seagate Posts Upbeat Earnings, Joins Netflix, Travelers, Teledyne Technologies And Other Big Stocks Moving Higher On Wednesday
The Travelers Companies, Inc. TRV surged 5.7% to $252.79 after the company reported better-than-expected quarterly financial ...