Seagate Technology PLC

Latest Seagate Technology PLC News and Updates

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    Company & Industry Overviews

    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.

    By Puja Tayal
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    Earnings Report

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Val Kensington
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    What Matters Most to Seagate in 2017

    In calendar 2017, Seagate expects to see revenue growth in 80% of its storage product revenues.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Technology & Communications

    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.”

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Puja Tayal
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Company & Industry Overviews

    How Is Seagate Improving Shareholder Value?

    In fiscal 2Q18, Seagate Technology (STX) repurchased shares worth $361 million and paid dividends worth $366 million.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Earnings Report

    A Look at Western Digital’s and Seagate’s Financial Metrics

    Western Digital (WDC) is one the major players in the global storage market.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Technology & Communications

    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 […]

    By Amanda Lawrence
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    Company & Industry Overviews

    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%.

    By Val Kensington
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Ruchi Gupta
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    Miscellaneous

    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.

    By Amanda Lawrence
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    Miscellaneous

    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.

    By Amanda Lawrence
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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).

    By Amanda Lawrence
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Earnings Report

    Why Did Seagate Close Its Factory in China?

    Last week, Seagate (STX) announced the closure of its manufacturing unit in Suzhou, China (FXI).

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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%.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Earnings Report

    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 […]

    By Adam Rogers
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    Earnings Report

    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.

    By Ruchi Gupta
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    Earnings Report

    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.

    By Adam Rogers
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    Fund Managers

    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.

    By David Ashworth
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    Earnings Report

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Puja Tayal
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    Earnings Report

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Fund Managers

    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.

    By David Ashworth
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    Earnings Report

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Company & Industry Overviews

    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.

    By Puja Tayal
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    Earnings Report

    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.

    By Adam Rogers
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    Miscellaneous

    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.

    By Puja Tayal
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    Company & Industry Overviews

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Adam Rogers
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    Fund Managers

    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.

    By Adam Rogers
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    Fund Managers

    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.

    By Adam Rogers
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    Fund Managers

    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.

    By Adam Rogers
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    Fund Managers

    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.

    By Adam Rogers
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    Fund Managers

    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.

    By Adam Rogers
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    Earnings Report

    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.

    By Anne Shields
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    Earnings Report

    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.

    By Anne Shields
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