Key Details
Price
$89.05Last Dividend
$0.72PE Ratio
23.25Annual ROE
-22.47%Beta
1.21Events Calendar
Next earnings date:
Jan 24, 2025Recent quarterly earnings:
Oct 22, 2024Recent annual earnings:
July 23, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 13, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
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Institutional Ownership
The chip industry is facing a decline, and Seagate Technology's value has dropped by 25% from its highest point this year, which could be a chance for value investors to buy. Seagate mainly focuses on hard disk drives (HDDs), giving it an advantage during the current market challenges that are impacting NAND flash memory prices and consumer interest. More than 90% of Seagate's revenue comes from HDDs, compared to just over 50% for its competitor, Western Digital, and HDD prices are increasing while NAND flash prices are beginning to fall.
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The digital world has a constant need for data, which is leading to rapid growth in the data storage industry. The International Data Corporation (IDC) predicts that the data storage market will grow by more than 10% each year until 2028, mainly due to the fast rise of artificial intelligence (AI) and cloud computing.
Seagate Technology Holdings plc (NASDAQ:STX) will be participating in the Barclays 22nd Annual Global Technology Conference on December 11, 2024, at 12:15 PM ET. The company's Chief Financial Officer, Gianluca Romano, will be present, along with Thomas O'Malley from Barclays, who will start the discussion. Welcome back, everyone!
Seagate's value is expected to rise from $20.8 billion to $42.5 billion in the next ten years. There is a common misunderstanding that SSDs will completely replace HDDs, which has negatively affected Seagate's valuation. I have a positive view of the company and believe that as growth picks up, more investors will pay attention to the stock.
Seagate Technology Holdings plc (NASDAQ:STX) will be participating in the UBS Global Technology and AI Conference on December 3, 2024, at 3:35 PM ET. The CEO, Dave Mosley, will be present for the event. Tim Arcuri from UBS Securities LLC will begin the conference call.
Seagate (STX) shared its earnings report 30 days ago. What can we expect for the stock moving forward?
Seagate is a promising investment option due to its strong financial results, smart strategies, and good market demand.
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Seagate Technology Holdings PLC, listed on NASDAQ as STX, is the biggest producer of hard disk drives (HDDs) and competes with Western Digital Co., which is known for its flash solid state drives (SSDs). After experiencing eight quarters of falling revenue due to an oversupply in the industry, Seagate reported an increase in revenue in the fourth quarter of fiscal 2024. This improvement led to a significant increase in expectations for the computer and technology sector for the first quarter of fiscal 2025.
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