Seagate Technology Holdings Plc (STX) has seen a flurry of activity recently. Despite underperforming relative to competitors on some days, the firm reported strong revenue growth in its Q2 2025 earnings call and an upgrade to 'Buy' from Benchmark following this strong performance and growth in cloud demand. The firm has also entered a new $1.3 billion credit agreement and a number of significant share transactions have been made by firms such as SG Americas Securities LLC and CEO William Mosley. It's also drawing attention from bullish analysts, with a strong position in the aggressive growth and undervalued tech stock categories. The company has continued to reward shareholders with quarterly dividends, most recently of $0.72. Yet, it is not all rosy as some argue that earnings might not tell the whole story, and there was a noted insider sale by the CEO. Nevertheless, Seagate appears robust with rising demand in cloud storage and is focused on innovation such as the development of Advanced HAMR technology. Last but not least, it has been said that it is a good time to buy Seagate's shares before the market realizes its growth potential.
Seagate Technology Holdings Plcs STX News Analytics from Thu, 11 Nov 2021 08:00:00 GMT to Fri, 07 Feb 2025 15:21:23 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor 7
