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Seagate (STX) Moves 11.7% Higher: Will This Strength Last? [Yahoo! Finance]
Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX)
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Source: Yahoo! Finance
Last seagate technology holdings plc - ordinary shares (ireland) earnings: 4/22 04:05 pm
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US:NASDAQ Investor Relations: seagate.com/investors/overview
This compares to the stock's 23.5% loss over the past four weeks. The increase in share price can attributed to President Trump's announcement of a 90-day pause on reciprocal tariffs, barring China. This led to increases for most stocks including Seagate and subsequent skyrocketing indices. Seagate is well-poised to gain from expanding momentum in mass capacity, which is driving the lion's share of the company's revenues. Strengthening nearline demand from global cloud customers and improvement in the enterprise & OEM markets are key driving forces. Steady growth in nearline revenues is aiding the top line. During the fiscal second quarter, Seagate ramped up HAMR-based Mozaic products for its lead cloud customer and started sampling Mozaic drives up to 36TB capacity products. Price adjustment, cost discipline and a favorable product mix shift to mass-capacity products are cushioning its margins. This electronic storage maker is expected to post quarterly earnings of $1.75 per sh
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- “We're Gonna See Seagate (STX) Go Up,” Says Jim Cramer [Yahoo! Finance][Yahoo! Finance]
- Seagate Technology (STX) Stock Is Up, What You Need To Know [Yahoo! Finance][Yahoo! Finance]
- Seagate Technology, onsemi, Semtech, Nova, and Teradyne Shares Are Soaring, What You Need To Know [Yahoo! Finance][Yahoo! Finance]
- Seagate Technology (NASDAQ:STX) had its price target raised by analysts at Morgan Stanley from $270.00 to $337.00. They now have an "overweight" rating on the stock.[MarketBeat]
- This Top Computer and Technology Stock is a #1 (Strong Buy): Why It Should Be on Your Radar [Yahoo! Finance][Yahoo! Finance]
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