Seagate Technology PLC
Latest Seagate Technology PLC News and Updates
What Are Broadcom’s Plans for Its Enterprise Storage Business?
Broadcom’s latest acquisition of Brocade should double the size of its Enterprise Storage segment, which currently accounts for 13% of its revenue.
Could Apple Beat Analyst Estimates Again in Fiscal 2Q16?
Apple (AAPL) is set to announce its fiscal 2Q16 results on April 25, 2016. Analysts and investors will be looking closely at the results, as Apple is one of the most popular companies in the technology sector.
How Much Will Falling HDD Shipments Impact Western Digital’s Revenues?
Western Digital reportedly shipped ~42.5 million HDD units in fiscal 4Q16—a significant YoY fall of ~12.5% over units shipped in fiscal 4Q15.
S&P 500, Nasdaq, and Dow Closed at Record Highs
On December 13, the S&P 500, Dow Jones Industrial Average, and Nasdaq rose 0.65%, 0.58%, and 0.95%. They closed at record highs.
Where Is Apple Trading Compared to Its Moving Averages?
Apple has generated investor returns of -22.47% in the trailing-12-month period and -0.1% in the trailing-one-month period. It has generated -7.4% YTD.
Nearline Storage and Seagate: Understanding Revenue Growth
In fiscal 2Q17, Seagate’s nearline product revenue rose 15% YoY. Its ATB nearline products represented the firm’s leading revenue SKU.
Western Digital’s Telling YoY Revenues in 4Q15
Western Digital reported 4Q15 revenues of $3.2 billion—a 10.11% decrease compared to 3Q15 and 12.59% lower than its 4Q14 revenues.
What Matters Most to Seagate in 2017
In calendar 2017, Seagate expects to see revenue growth in 80% of its storage product revenues.
Western Digital’s Fiscal 2015 Revenues, Cash Flow, and Operating Expenses
Western Digital generated $488 million in cash from operations in 4Q15, ending with total cash and cash equivalents of $5 billion.
Why Have Seagate and Western Digital Had Such a Tough 2016?
Seagate’s shares fell by 13% in the week ending January 22, after Mizuho cut its price target for STX from $38 to $32 and provided a “neutral” rating.
Look What Just Sent Seagate’s Stock Spiraling Downward
In fiscal 3Q16, Seagate reported revenues of $2.6 billion and a gross margin of 20.2%. Its net loss was $21 million, with diluted EPS of -$0.07.
How Apple’s Returns to Investors Compare to Peers
Apple generated investor returns of -4.1% in the trailing-12-month period and 1.8% in the trailing-one-month period as compared to -3% in 2015 and 2.3% YTD.
What Analysts Recommend for NetApp
Of the 27 analysts covering storage technology (QQQ) company NetApp (NTAP), 13 gave it a “buy” recommendation, two recommended a “sell,” and 12 recommended a “hold.”
Where Is Apple Trading Compared to Its Moving Averages?
US-based (SPY) Apple (AAPL) generated investor returns of 5.6% in the trailing-12-month period and 10.3% in the trailing-one-month period.
Semiconductor Stocks in Focus: AMD, WDC, STX
Results investors will be watching for this week include those of semiconductor stocks AMD, Samsung, and Western Digital.
Tech Stocks with High Dividend Yields for a Rough Market
When the 10-year Treasury yield dips to 1.6%, where do investors park their funds? You can look at stocks with a high dividend yield as an alternative.
Will NetApp Beat Estimates in Fiscal Q1 2019?
NetApp (NTAP) is scheduled to release its results for the fiscal first quarter of 2019 on August 15.
Seagate Is Banking on Enterprise Data Growth for Long-Term Sales
There has been an industry-wide transition in the storage space over the last few years.
Analysts Expect HP Inc.’s Revenues to Rise 9.5% in Fiscal Q2 2018
On May 22, analysts expect HP Inc. to post revenues of ~$13.6 billion for its fiscal second quarter, a 9.5% year-over-year increase.
How Is Seagate Improving Shareholder Value?
In fiscal 2Q18, Seagate Technology (STX) repurchased shares worth $361 million and paid dividends worth $366 million.
Seagate Bags Toshiba’s Memory Business in Partnership with Tech Giants
In September 2017, Seagate (STX) announced its participation in the consortium led by Bain Capital Private Equity to acquire Toshiba’s (TOSYY) memory business.
A Look at Western Digital’s and Seagate’s Financial Metrics
Western Digital (WDC) is one the major players in the global storage market.
What Analysts Project for Global HDD and SSD Shipments
According to Statista, HDD (hard disk drive) shipments are expected to fall 7% YoY (year-over-year) in 2017 to 395 million units from 425 million units in 2016.
Can Seagate Sustain Its Dividend Yield?
What’s behind Seagate’s dividend yield Seagate Technology (STX) is a data storage technology and solutions provider. The company’s revenue, which has fallen over the years, seems to have recovered in 2017. Its revenue has fallen 3% in 2017, compared with a fall of 19% in 2016 due to intense competition in the data storage market. The company’s […]
Seagate Technology Rose after ValueAct’s Disclosure
Seagate Technology (STX), an American data storage company, was one of the S&P 500’s top gainers on September 5. Seagate Technology rose 3%.
This Will Likely Drive Seagate’s Revenue in Fiscal 2018
Seagate stated that in fiscal 4Q17, its largest nearline US-based CSP (cloud service providers) customers drove demand.
A Look at Nokia’s Valuation
Nokia’s current book value per share of ~$3.6 compares with its expected book value per share of ~$3.6. Nokia stock is trading at a price-to-book value of ~1.6x.
Dividend Growth of Seagate Technology and Garmin
Garmin (GRMN) recorded three-year annualized growth of 5.3%, and its five-year annualized growth fell ~1%. Its growth dipped ~24% in 2016.
IBM’s Dividend Growth Curve
For IBM (IBM), 1Q17 marked the 22nd year of annual dividend growth despite being the 20th successive quarter with no revenue growth.
The Importance of Nearline Storage for Seagate
In fiscal 3Q17, storage tech firm Seagate’s (STX) nearline revenue rose 9% YoY and accounted for 24% of the company’s total revenues.
Seagate and Western Digital Led the HDD Market Last Year
The top three firms shipped 424 million HDD units in 2016, representing a fall of 9.5% YoY, as compared to the ~468.7 million units shipped in 2015.
Factors That Could Impact Western Digital Stock in 2017
In fiscal 3Q17, Western Digital (WDC) reported revenues of $4.6 billion with non-GAAP earnings per share of $2.39.
Which Stocks Are the Top Dividend Yielders?
Since the elections, the S&P 500 (SPY) (SPX-INDEX) is up 15% driven by financials (XLF), technology (XLK) (SMH), industrials (XLI), and consumer discretionary (XLY).
Why Seagate Is Looking to Streamline Capital Expenditure
Seagate has stated that it wants to reduce its capex in order to maintain capital requirement levels at ~5% of its total revenue in fiscal 2017.
Seagate in the Cloud: Gauging the Benefits
Tech firms Seagate, Western Digital, and NetApp are looking to provide infrastructure and solutions that businesses need to transition to the cloud.
Why NetApp Is Banking on Growth in the All-Flash Array Market
Storage company NetApp (NTAP) has stated that flash plays a key role in customers’ IT transformations.
Why Did Seagate Close Its Factory in China?
Last week, Seagate (STX) announced the closure of its manufacturing unit in Suzhou, China (FXI).
Can Western Digital and Seagate Reduce Costs and Improve Profits?
Western Digital (WDC) expects to achieve total savings of $800 million on an annualized run-rate basis from its HGST integration by the end of 2017.
Western Digital and Seagate’s Hard Drive Performance in 2017
The US-based (SPY) Western Digital (WDC) has a ~42% share of the HDD or hard disk drive market.
What Do Analysts Expect from Seagate’s Fiscal 2Q17 Earnings?
Seagate will be announcing its fiscal 2Q17 results on January 24. Western Digital (WDC) will be announcing its fiscal 2Q17 results on January 26.
How Did Apple Perform in 2016?
In fiscal 2016, Apple reported net sales of $215.6 billion, which represents a year-over-year fall of 7.7%.
Why Seagate Is Focusing on Streamlining Capital Expenditure
As Seagate continues to manage the shift in its product portfolio and customer demand, the company is aligning the operating model of its HDD business to optimize its manufacturing footprint.
Seagate: What Drove Hard Drive Shipments and Sales?
HDD (hard disk drive) exabyte shipments rose 20% YoY (year-over-year) in fiscal 1Q17 for Seagate.
Where Is Apple Trading Compared with Its Moving Averages?
Shareholder returns and stock trends As of October 26, 2016, US-based (SPY) Apple (AAPL) had generated investor returns of -4.1% in the trailing-12-month period and 2.2% in the trailing-one-month period. In comparison, it generated -3% in 2015 and has generated 9.7% YTD (year-to-date). The company’s share price fell 1.3% in the trailing-five-day period. In comparison, Western Digital […]
Seagate Contests Its Rivals with a New Drive for the Xbox One
Seagate (STX) has expanded its portfolio of SSDs (solid-state drive) for the game console market, with its latest product targeting Microsoft’s (MSFT) Xbox One.
How Did Apple Perform in Fiscal 4Q16?
On October 25, 2016, technology heavyweight Apple (AAPL) announced its fiscal 4Q16 results. It reported revenue of $46.9 billion and quarterly net income of $9 billion, with earnings per share of $1.68.
Inside the ClearBridge Aggressive Growth Fund Portfolio
The sectoral breakdown of SHRAX is unlike any other mutual fund in this review, with healthcare as its biggest holding, commanding 35% of the portfolio.
Where Is Apple Trading Compared to Its Moving Averages?
Apple (AAPL) generated investor returns of 5.9% in the trailing-12-month period and 2.4% in the trailing-one-month period.
Will Hard Drive Shipments Fall for Seagate and Western Digital?
According to Storagenewsletter.com, worldwide HDD (hard disk drive) shipments are expected to be in the range of 111.5 million to 114.5 million units in 3Q16.
Are Apple’s Recent Stock Trends Giving Pause to Analysts?
Of the 52 analysts covering Apple’s (AAPL) stock, 44 have given it “buy” recommendations, three have given it “sell” recommendations, and five have given it “hold” recommendations.
How Seagate Is Addressing the Market Shift to Enterprise Storage
In the quarter ended June 2016, Seagate’s (STX) addressable HDD (hard disk drive) market was higher than previously forecasted.
What’s Prompting Seagate to Focus on Investing in Capex?
In fiscal 2016, Seagate’s total capital expenditure was $587 million, which was below the company’s target range of 6%–8% of revenues.
Broadcom: A Product of Several Mergers and Acquisitions
Mergers and acquisitions aren’t new for Broadcom. It has a history of successful M&As, and the most recent Avago-Broadcom merger is its biggest deal to date.
Apple’s iPhone Sales Fell in 3Q16, CEO Tim Cook Not Deterred
On July 26, 2016, Apple (AAPL) reported revenues of $42.4 billion and EPS of $1.42 for fiscal 3Q16.
Seagate’s Falling Hard Disk Drive Shipments: Impact on Revenues
According to StorageNewsletter, Seagate Technology (STX) shipped 37.5 million HDD units in fiscal 4Q16. That’s a YoY decline of about 17.5% over fiscal 4Q15.
Inside the Portfolio Changes in the ClearBridge Aggressive Growth Fund so Far in 2016
The ClearBridge Aggressive Growth Fund’s assets were invested across 78 holdings as of June 2016, when it was managing assets worth $11.4 billion.
What Do Analysts Expect from Western Digital’s Fiscal 4Q16 Earnings?
Analysts estimate Western Digital to post revenues of $3.44 billion for fiscal 4Q16, with a low estimate of $3.38 billion and a high of $3.47 billion.
What Do Analysts Expect from Apple’s Fiscal 3Q16 Earnings?
Analysts expect Apple to post revenues of $42.03 billion for fiscal 3Q16, with a low estimate of $41.16 billion and a high estimate of $43.29 billion.
What’s the Root Cause of Marvell’s Problems?
Let’s dig into the cause of Marvell’s accounting issues, see how one thing led to another, and look at how its new management plans to untangle the chaos.
Weak Demand and Inventory Drove Seagate’s Lower Guidance
Recently, Seagate Technology (STX) announced its preliminary earnings results and lowered its revenue and margin estimates for fiscal 3Q16.
How Will Western Digital Benefit from the SanDisk Merger?
The merger will create a company with nearly $20 billion in combined revenue. It would be able to capitalize on the enterprise storage products market.
SanDisk Leads Storage Space with a Market Cap of $10.29 Billion
The third-largest flash memory manufacturer in the world, SanDisk has a market cap of $15.04 billion. Western Digital follows with a market cap of $14.3 billion.
Digital Content Growth Could Fuel Seagate in the Future
Tremendous global growth in digital content is expected to drive demand for storage capacity in order to host, distribute, manage, and aggregate digital content.
What Are Seagate’s Key Business Segments?
Seagate manufactures products for a variety of business segments, including enterprise applications, and client compute and non-compute applications.
Seagate Technology’s Enterprise Storage Segment Sees 4Q15 Growth
Net shipments for Seagate Technology (STX) declined by 14% in 4Q15 to 43.1 million units in comparison to 51.15 million units in 3Q15 on a quarter-over-quarter basis.
How Do SanDisk’s Valuation Multiples Compare to Other Firms?
Currently, SanDisk’s (SNDK) EPS is $4.52 greater than the industry average of $4.05 in XLK. Its diluted EPS is $4.23. The subsector’s average is $3.94.
How Has Sandisk Corporation Performed?
Sandisk has generated returns of -3.30% in the last week, compared with returns of -0.97% for the Technology, Hardware, and Storage subsector and 0.69% for XLK.
Seagate’s Stock Price Falls due to Low Demand and Poor Results
Seagate Technology (STX) is a firm that designs, manufactures, and sells data storage products globally. It was founded in 1979. It’s headquartered in California.
Analyzing the Subsectors in the Technology Select Sector ETF
The Technology Hardware & Storage subsector underperformed the most since the beginning of January 2015. The stocks have primarily generated negative returns.
Seagate Technology: 2015 YTD Performance Underwhelms
Although Seagate’s 3Q15 earnings missed analyst expectations, the firm’s fundamentals seem strong. Its net cash flow from operations increased by 68.57% to $1.4 billion, compared with 3Q14.
EMC’s Information Infrastructure’s Negative Growth in 1Q15
Only EMC’s (EMC) Information Infrastructure segment posted negative growth. Its revenue stood at $4.05 billion—a decline of 1% on a YoY basis.
Why did Intel buy Avago’s Axxia network processor unit?
The acquisition of Axxia’s network is expected to broaden Intel’s product line in the network processor market. The acquisition will enhance its product portfolio.