Seagate Technology Holdings plc (STX) is collaborating with eBay to set up its storefront on the latter’s e-commerce platform. The storefront on eBay will establish a direct channel for STX’s consumers to gain access to “factory-recertified” hard drives. These recertified (by Seagate) drives will also come with a limited warranty.STX, as a part of the Seagate Circularity Program, is looking to lower hard drive shredding and boost the reuse of storage devices. Hard drive shredding is an unsustainable practic ...

Seagate Technology Holdings plc (STX) is continuing its upward trajectory, with a gain of 21.6% year to date compared with the S&P 500 composite and sub-industry’s growth of 14.1% and 16.4%, respectively.With healthy fundamentals and strong growth opportunities, this Zacks Rank #2 (Buy) stock appears to be a solid investment option at the moment.Apart from a favorable rank, STX has a Growth Score of A. Per Zacks’ proprietary methodology, stocks with a combination of a Zacks Rank #1 (Strong Buy) or 2 and a G ...

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A month has gone by since the last earnings report for Seagate (STX) . Shares have added about 8.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Seagate due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Seagate's Q3 Earnings Beat EstimatesSeagate reported third-qua ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Seagate Technology Holdings plc (STX) is witnessing strong momentum, with shares having rallied 58.2% in the past year compared with the S&P 500 Composite’s 27.7% growth.Headquartered at Dublin, Ireland, Seagate is a leading provider of data storage technology and infrastructure solutions. The company’s primary product offering is hard disk drives or hdds but it also develops other electronic data storage products such as SSD (solid state drive) and storage subsystems.At present, the stock carries a Zacks R ...

Seagate (STX) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this electronic storage maker reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends i ...

Key PointsSeagate, the largest manufacturer of hard disk drives, is ushering in the next generation of high-capacity HAMR technology HDDs in the Mozaic 3+ with up to 30 TBs, doubling the capacity in the same footprint.Seagate reported a fiscal Q3 2024 EPS of 33 cents, beating consensus estimates by 4 cents, while revenues fell 11% YOY but rose 6%, and adjusted EBITDA doubled QOQ, indicating the recovery cycle may be underway.Cloud data center demand is recovering as EBITDA margins expanded to 16.8%, up from ...

云市场表现 - 2024年3月季度，公司在云市场持续复苏，客户库存调整基本完成，市场需求改善，实施成本控制和定价措施以提高运营效率和盈利能力[77] - 2024年3月季度，收入相比2023年12月季度增加1亿美元，主要由于云市场持续复苏和公司采取的有利定价措施，部分抵消了传统市场出货量季节性下降的影响[79] 财务表现 - 2024年3月季度，公司出货99艾字节的HDD存储容量，实现约17亿美元的收入，毛利率为26%[76] - 2024年3月季度，总保修成本占收入的0.5%，包括先前保修准备估计的有利变化，主要由于预计未来产品退货率的降低[82] - 2024年3月季度所得税费用为3300万美元，较2023年3月季度的1500万美元增加[86] - 2024年3月季度所得税费用中包括约4200万美元的净离散费用，主要与新的税收指导方针有关，部分抵消了股权补偿费用的净超额税收益[87] 成本控制 - 2024年3月季度产品开发费用增加300万美元，主要是由于暂时减薪结束导致的薪酬和其他员工福利增加，以及出售和租回某些物业导致的租赁费用增加[83] - 2024年3月季度产品研发支出较2023年3月季度减少2700万美元，主要是由于薪酬和其他员工福利减少了2300万美元，折旧费用减少了900万美元，材料费用减少了200万美元[84] - 2024年3月季度营销和行政支出较2023年3月季度减少700万美元，主要是由于薪酬和其他员工福利减少了500万美元，广告费用减少了300万美元[84] - 2024年3月季度其他支出净额较2023年12月季度减少4300万美元，主要是由于1200万美元的股权投资净亏损未再发生[85] 现金流状况 - 截至2024年3月29日，现金及现金等价物为7950万美元，较2023年6月30日增加了900万美元，主要是由于运营活动提供的4.84亿美元净现金和15亿美元可兑换高级票据的净收益[89] - 2024年3月29日至2024年3月29日的九个月内，现金流量净额为4.84亿美元，主要包括应收账款减少2.89亿美元，应付账款增加1.08亿美元，存货增加5100万美元[90] - 2024年3月29日至2024年3月29日的九个月内，投资活动中的净现金流为1.57亿美元，主要归因于购买资产、设备和租赁改善支出2亿美元[91] - 2024年3月29日至2024年3月29日的九个月内，融资活动中的净现金流为3.19亿美元，主要归因于还款13亿美元的贷款、支付4.38亿美元的股息和支付1.28亿美元的债务费用[92] 资本支出和财务安排 - 未来主要债务还款义务为57亿美元，其中4.79亿美元将在一年内到期[95] - 2024年3月，宣布每股派息0.70美元，总计1.47亿美元，将于2024年7月5日支付给股东[96] - 预计2024财年资本支出将低于2023财年，需要大量现金用于资金需求、未来资本支出、债务本息支付和股息支付[97]

财务表现 - Seagate Technology Holdings plc (STX)第三季度财报显示，每股收益超过Zacks Consensus Estimate，但销售额低于预期[1] - 非GAAP每股收益为33美分，比Zacks Consensus Estimate高出22.2%[1] - 非GAAP营收为16.55亿美元，低于Zacks Consensus Estimate，同比下降11%[3] - 第三季度销售出现6%的环比增长，主要受到近线云需求增加的推动[4] 市场表现 - 公司在质量容量存储市场上出货88.5艾字节，同比下降15%，环比增长6%[6] - 公司股票目前为Zacks Rank 2 (Buy)，具有良好的投资机会[14] - 公司股价相对较低，过去一年股价上涨53.6%[15] 未来展望 - 预计第四季度财报将有进一步改善，特别是近线云产品和近线企业的需求[8] - 公司预计2024财年第四季度营收将达到18.5亿美元，环比增长11.8%[10] - 非GAAP每股收益预计为70美分，环比增长112%[11] - Zacks Consensus Estimate对2024和2025年EPS的预期均有所增加[13]