Seagate Technology Plc is a leading provider of data storage solutions that design, manufacture, and market a broad range of hard disk drives and solid-state drives for a variety of applications, including enterprise and consumer markets. The company specializes in delivering high-performance storage systems and innovative data management solutions that cater to the growing demand for reliable and secure data storage amidst the ever-expanding digital landscape. Seagate's technologies are integral to a wide array of devices, enabling fast access to information and supporting the burgeoning fields of cloud computing, big data, and artificial intelligence. Additionally, the company focuses on sustainability initiatives and advancing storage technology to help customers effectively manage and protect their data. Read More
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Seagate Technology (STX) shows strong breakout potential with a Technical Rating of 10 and Setup Rating of 9, backed by bullish trends, solid support levels, and institutional buying. Ideal for technical traders eyeing momentum plays.
A number of stocks jumped in the afternoon session after the semiconductor sector rallied in intraday trading as a favorable inflation report bolstered investor hopes for a potential Federal Reserve interest rate cut. The latest Consumer Price Index (CPI) data showed a slowdown in inflation, fueling a broad market rally that pushed the S&P 500 and Nasdaq to new all-time highs. For the capital-intensive semiconductor industry, the prospect of lower interest rates is particularly welcome, as it can reduce borrowing costs for expansion and research and development. The positive macroeconomic sentiment provided a significant tailwind for the entire sector, as investors anticipate that a more accommodative monetary policy from the central bank will stimulate economic growth and demand for technology.
Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage, today announced that management is scheduled to participate in the following investor events:
Data storage manufacturer Seagate (NASDAQ:STX) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 29.5% year on year to $2.44 billion. On the other hand, next quarter’s revenue guidance of $2.5 billion was less impressive, coming in 2.5% below analysts’ estimates. Its non-GAAP profit of $2.59 per share was 6% above analysts’ consensus estimates.
Seagate’s most recent quarter delivered growth above Wall Street’s expectations, but the market responded negatively, reflecting some caution. Management attributed the strong performance to ongoing demand from cloud providers and a successful ramp of its advanced nearline and HAMR-based hard drives. CEO Dave Mosley highlighted that "record gross margins" and robust exabyte shipments were underpinned by product transitions and discipline in aligning supply with demand. The company also emphasized operational improvements and increased adoption of high-capacity drives by major cloud customers as key contributors to the quarter’s results.
Shares of data storage manufacturer Seagate (NASDAQ:STX)
jumped 3.3% in the morning session after a flurry of analyst upgrades and price target hikes fueled by strong financial results and a positive outlook. The positive sentiment from Wall Street follows the company's latest earnings report, which revealed a 29.5% year-over-year increase in sales and a non-GAAP profit per share that beat consensus estimates. Several firms, including Baird and Rosenblatt, boosted their price targets to as high as $200, pointing to the company's strong fundamentals and improving profit margins. This financial strength is underscored by impressive trailing twelve-month earnings per share (EPS) growth of over 530%, reinforcing its position as a high-growth momentum stock. The optimism is also supported by increasing demand for mass-capacity storage, driven by the expansion of cloud and AI infrastructure.
Seagate Technology (STX) shows strong earnings growth, rising margins, and bullish technicals, making it a top high-growth momentum stock. Explore breakout setups here.
Wall Street has experienced a broadly positive day, marked by a resilient rally that has added over $1 trillion in market value. This surge in investor confidence is primarily driven by a confluence of strong corporate earnings, sustained momentum in the technology sector, and a perceived easing of anxieties related
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence.
With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players.
Shares of data storage manufacturer Seagate (NASDAQ:STX)
fell 5.4% in the afternoon session after the company provided a weaker-than-expected forecast for the upcoming quarter, which overshadowed its strong fourth-quarter earnings report. While the data storage manufacturer's quarterly revenue and profit both topped analyst estimates, its guidance for the first fiscal quarter of 2026 fell short. Seagate projected revenue with a midpoint of $2.5 billion and adjusted earnings per share of $2.30, both below consensus expectations. This outlook raised concerns as it suggested a potential sequential decline from the strong quarter the company just delivered. The disappointing forecast prompted investors to sell, especially since the stock had already surged significantly year-to-date, making it prone to profit-taking on any sign of weakness.
Seeking insights into today's market movers? Discover the S&P500 gap up and gap down stocks in today's session on Wednesday. Stay informed about the latest market trends.
The US market is yet to commence its session on Wednesday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
CEO Dave Mosely attributed the strength to the structural enhancements implemented in the company’s business and ongoing demand strength from cloud customers for its high-capacity drives.
