Seagate Technology Holdings Plcs (STX) continues to enjoy investor confidence with Bank of America maintaining a 'Buy' rating and raising its price target. The strong trading days and an upward trajectory can be attributed to STX's strategic initiatives like exchange offers for eight series of Senior Notes and the $5B share buyback plan. STX has also been cited as an undervalued opportunity in Quantum Computing and one of the top-performing Data Center Stocks so far in 2025. The AI storage boom supplemented with newly introduced technologies has amplified demand. Notably, insiders like EVP Ban Teh and CEO William Mosley participated in share sales. The company’s financial metrics seem promising despite Cramer’s assertion of being 'cheap for a reason'. With reference to the Fiscal Q3 2025 Earnings Call, the firm boasts strong YoY revenue growth and a robust financial position. Also, exciting news includes the successful acquisition of Intevac and them gearing up for Q3 Earnings Report. Seagate's Hard Drives with a breakthrough HAMR technology capacity of 36TB stand out, thus seeing solid revenue growth in HDDs. However, the firm appears to face allegations of violating sanctions entailing job cuts.
Seagate Technology Holdings Plcs STX News Analytics from Thu, 07 Jan 2021 19:20:55 GMT to Fri, 30 May 2025 12:34:00 GMT -
Rating 8
- Innovation 4
- Information 7
- Rumor 5
