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Micron's Blowout Results Pave the Way for Seagate's Stock Surge
MarketBeat· 2024-09-30 23:20
Seagate Technology TodaySTXSeagate Technology$109.01 +0.27 (+0.25%) 52-Week Range$64.12▼$113.57Dividend Yield2.57%Price Target$115.94Add to WatchlistSeagate Technology Holdings plc NASDAQ: STX is a leading provider of consumer and enterprise data storage solutions. It is the largest hard disk drive (HDD) manufacturer in the world and also sells solid-state drives (SSD). Combined with rival Western Digital Co. NASDAQ: WDC, the duopoly commands 80% of the global market share of HDD production.The robust fisca ...
Seagate Technology: Recent Performance Creates Intriguing Buying Opportunity (Rating Upgrade)
Seeking Alpha· 2024-09-18 22:25
This article is a follow-up to an article I wrote in July, which you can find here . I will be referencing some details that I mentioned in that article, so I recommend reading it as well.I am currently a college student, but I have been around the investment industry for my entire life. My parents are/were both in the industry which helped create my interest in the market. It also helped form my analysis style. My dad used to have me build spreadsheets for him that included fundamental and sentiment analys ...
Seagate Technology: Cash Flow-Rich Hard Disk Maker With A 3% Dividend Yield
Seeking Alpha· 2024-09-17 18:14
This is the official page of Croatian-American media personality Albert Anthony. Since 2023 he has been a contributor to global financial media portal Seeking Alpha, reaching +1MM investors worldwide & his content often averaging +25,000 views monthly. As an independent contributor, his content on the Seeking Alpha portal provides curated analysis of stocks trading on major US exchanges, with a strong focus on the financials and tech sector, and building a diversified dividend income portfolio, but also a f ...
Seagate Stock Trading Below 52-Week High: To Buy or Not to Buy?
ZACKS· 2024-09-16 23:06
Seagate Technology Holdings plc’s (STX) stock closed the last trading session at $102.13, 10% below its 52-week high of $113.57, reached on July 24, 2024.Over the past six months, the stock has appreciated 19.6%, outperforming the S&P 500 composite and the sub-industry’s growth of 9.3% and 8.9%, respectively. It has also outperformed its peers. Over the same time frame, NetApp (NTAP) and Western Digital (WDC) have posted gains of 15.3% and 9.6%, respectively, while Pure Storage (PSTG) shares have lost 3.3%. ...
Pick Seagate Stock In This AI Boom?
Forbes· 2024-09-11 20:00
UKRAINE - 2023/03/19: In this photo illustration, a Seagate Technology logo is seen on a smartphone ... [+] screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesSeagate stock (NASDAQ: STX Stacks ) has seen a 60% rise in value since early January 2023 – jumping from levels of $64 then to $102 now – vs. an increase of about 42% for the S&P 500 over this period. In comparison, its peer – Western Digital stock (NASDAQ: WDC) – has seen a 2x ...
Seagate Technology Holdings plc (STX) Citi's 2024 Global TMT Conference (Transcript)
Seeking Alpha· 2024-09-05 01:52
文章核心观点 - 公司在当前季度的收入和利润表现良好,主要得益于云计算和企业OEM市场的需求改善 [6][7] - 公司认为数据存储需求将持续增长,AI应用将成为未来重要的驱动力 [9][12][13] - 公司正在与主要云客户进行HAMR产品的认证,预计2025年中期开始大规模出货 [32][35][43] - 公司通过产品组合调整和价格策略来提升毛利率,未来将继续关注盈利能力而非市场份额 [15][16][29][30] - 公司正在逐步降低债务水平,未来将考虑恢复股票回购计划以提高股东回报 [65] 行业分析 - 行业正从过去追求市场份额转向追求盈利,产能管控和客户订单管理成为关键 [15][16][17][18] - AI应用将成为未来数据存储需求的重要增长点,但短期内影响有限 [12][13] - 企业级和视频影像应用有望在未来几个季度加入行业复苏 [7][26] - HAMR技术有望进一步降低每TB成本,提升公司毛利率 [40][41][43] - SSD对低容量硬盘的替代效应日益明显,但对大容量存储需求影响有限 [58][59][60]
Seagate Technology Holdings plc (STX) Citi's 2024 Global TMT Conference (Transcript)
2024-09-05 01:52
会议主要讨论的核心内容 1. 公司当前季度的业务表现和前景 [6][7] - 公司第三季度收入和利润有望超出预期 - 云存储业务持续增长,企业OEM业务也开始改善 - 公司将继续保持产能和利润率的平衡 2. 人工智能对硬盘存储需求的影响 [12][13][14] - 人工智能需要大量数据存储,将带来长期存储需求增长 - 人工智能产生的数据也需要保存,将进一步推动云和数据中心存储需求 3. 公司与云客户的合作模式变化 [15][16][17][18] - 公司转向"按需生产"模式,不再提前生产库存 - 这有助于减少价格下行压力,提升行业整体盈利能力 4. 公司HAMR技术的进展和应用 [32][33][35][37] - 已完成企业OEM客户的HAMR产品认证 - 正在与云客户加快HAMR产品认证进度 - HAMR产品将在2025年中期开始大规模应用 问答环节的重要提问和回答 1. 关于HAMR技术的成本优势 [40][41][43] - HAMR技术可以在不增加硬件成本的情况下提升存储容量 - 这将带来更好的单TB成本下降趋势 2. 关于行业产能扩张的计划 [49][50] - 公司将通过产品结构调整来满足未来存储需求增长 - 不会大规模增加产能,而是专注于提升单盘容量 3. 关于SSD对硬盘的替代风险 [57][58][59][60] - 云和大型数据中心的存储架构决定了硬盘仍是主流 - 低容量硬盘可能会被SSD逐步替代,但对公司影响有限 4. 关于资本配置策略 [65] - 公司将优先偿还债务,之后考虑恢复股票回购计划 - 保持稳定的股息政策是公司的重点股东回报策略
Surging Earnings Estimates Signal Upside for Seagate (STX) Stock
ZACKS· 2024-09-03 01:20
Investors might want to bet on Seagate (STX) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this electronic storage maker, should get reflected in its stock price. After all, empirical research shows a strong correlation betw ...
Seagate(STX) - 2024 Q2 - Earnings Call Presentation
2024-08-26 12:09
业绩总结 - 第二财季收入为15.6亿美元,较上季度增长7%[6] - 非GAAP营业收入超过1.27亿美元,营业利润率扩展540个基点至8.2%[5] - 非GAAP每股收益(EPS)增加0.34美元,达到0.12美元,超出指导范围的高端[5] - 调整后的EBITDA较上季度增长超过50%,达到2.16亿美元[5] - Q2FY24的GAAP毛利为3.62亿美元,GAAP毛利率为23.3%[23] - Q2FY24的非GAAP毛利为3.67亿美元,非GAAP毛利率为23.6%[23] - Q2FY24的GAAP运营亏损为1.24亿美元,非GAAP运营收入为1.27亿美元[24] - Q2FY24的GAAP净亏损为1900万美元,非GAAP净收入为2500万美元[26] - Q2FY24的稀释每股净亏损为0.09美元,非GAAP稀释每股净收入为0.12美元[27] 用户数据与市场表现 - 非HDD收入环比增长,主要受SSD需求改善推动[8] - Q2FY24的自由现金流为9900万美元,较Q1FY24的5700万美元有所上升[29] 财务状况 - 公司的流动性为23亿美元,其中现金为7.87亿美元[17] - 总债务为57亿美元,平均利率为5.6%[17] - 截至Q2FY24,公司的总债务为56.69亿美元,净债务为48.82亿美元[18] - Q2FY24的LTM调整后EBITDA为7.58亿美元,较Q4FY23下降22.2%[18] - Q2FY24的总杠杆比率为6.4倍,较Q1FY24的6.1倍有所上升[18] - Q2FY24的利息覆盖比率为2.4倍,较Q1FY24的2.6倍有所下降[18] 未来展望 - 预计第三财季收入为16.5亿美元,波动范围为1.5亿美元[15]
Seagate(STX) - 2024 Q3 - Earnings Call Presentation
2024-08-26 12:07
业绩总结 - Q3FY24的收入为16.6亿美元,较上季度增长6%[6] - 非GAAP的毛利率为26.1%,较上季度提高2.5个百分点[11] - 非GAAP的营业收入为1.83亿美元,营业利润率为11.1%[5] - 非GAAP的每股收益(EPS)为0.33美元,较上季度增长175%[11] - 调整后的EBITDA为2.78亿美元,较上季度增长29%[5] - 现金流来自运营为1.88亿美元,较上季度增长11%[11] - 自由现金流为1.28亿美元,较上季度增长29%[11] - 预计Q4FY24的收入为18.5亿美元,波动范围为1.5亿美元[14] - 非GAAP的每股收益指导为0.70美元,波动范围为0.20美元[14] - 预计Q4FY24的非GAAP营业费用约为2.6亿美元[15] 财务状况 - 公司拥有23亿美元的流动性,其中包括7.95亿美元现金和15亿美元的循环信贷额度[16] - 公司总债务为57亿美元,平均利率为5.6%,平均到期时间约为6年[16] - 超过90%的长期债务义务在三年之后到期[16] - 截至Q3FY23,净债务为52.59亿美元,较Q4FY23的47.32亿美元有所下降[17] - 最近12个月的调整后EBITDA为13.21亿美元,较Q4FY23的9.74亿美元下降[17] - 总杠杆比率在Q3FY23为4.0倍,预计在Q1FY24上升至6.2倍[17] - 利息覆盖比率在Q3FY23为4.7倍,预计在Q1FY24下降至2.6倍[17] 运营效率 - 自2023年起,已延长约119万台驱动器的使用寿命,节省了约33.6千兆瓦时的能源[20] - 自2023年起,公司的非制造专业人员中有99%制定了发展计划[20] - 自2023年起,公司的自由现金流为1.74亿美元,较Q4FY23的1.68亿美元有所下降[29] 其他信息 - GAAP净亏损为$433百万,非GAAP调整后EBITDA为$221百万[30] - 第三季度非GAAP调整后EBITDA为$221百万,第四季度为$178百万,第一季度为$143百万,第二季度为$216百万,第三季度为$278百万[30] - 折旧和摊销费用分别为$126百万、$104百万、$76百万、$62百万和$63百万[30] - 利息支出在各季度保持稳定,均为$81百万至$84百万[30] - BIS结算罚款为$300百万[30] - 由于债务提前赎回确认的净损失为$3百万、$17百万和$29百万[30] - 购买订单取消费用为$118百万,其他季度为负数[30] - 股权激励费用在各季度分别为$31百万、$22百万、$25百万、$30百万和$34百万[30] - 由于未充分利用而产生的费用为$60百万、$29百万、$51百万、$31百万和$38百万[30] - 其他费用在第三季度为$7百万,第四季度为$12百万,第一季度为$11百万,第二季度为$8百万,第三季度为$5百万[30]