Seagate Technology Holdings Plcs (STX) has had an eventful period covered by an array of reports. Among these include its shares increasing by 26%, STX's AI-related boom, robust performance on the strong trading days outperforming competitors, and excellent financial performance resulting in a rise in the price target. The company has also seen insider sales from Ban Teh and Michael Cannon. STX has been identified as an undervalued quantum computing stock and a potential investment in the Hardware, Data Center, Tech, and ESG sectors. The business has made huge strides in technology and innovation, announcing breakthroughs like HAMR (Heat Assisted Magnetic Recording), and launching 36TB hard drives. The business' financial results surpassed estimates, with revenue reaching $2.16 billion and a GAAP EPS of $1.57. On the downside, legal obstacles have emerged with class action lawsuits filed against Seagate, and there have been accusations of violating sanctions leading to job cuts.
Seagate Technology Holdings Plcs STX News Analytics from Wed, 26 Oct 2022 07:00:00 GMT to Mon, 23 Jun 2025 19:28:00 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor 5
