Headquartered in 121 Woodlands Avenue 5, Singapore Fiscal year ends June NASDAQ: STX seagate.com
Seagate Technology Holdings plc (NASDAQ: STX) is a mass-capacity data storage company that designs, manufactures, and sells hard disk drives (HDDs) and related storage solutions. With over 45 years of operations, the company serves hyperscale cloud providers, enterprises, and consumers with advanced storage products. Seagate's technology roadmap is centered on HAMR (Heat-Assisted Magnetic Recording) through its Mozaic product platform, which enables higher areal density gains to address growing exabyte demand. The company employs a value-based pricing strategy and focuses on supply discipline to drive profitability. Seagate operates globally and trades on NASDAQ. Updated
Guidance is the reason to stay interested: management sees $4.8 billion in revenue next quarter as HAMR drives record profitability. A double beat and 61% revenue growth were not enough to hold the stock after the filing hit.
A 4.71% gain to $674.55 adds roughly $7 billion to a $153.4 billion storage name in a single session. Moves this size rarely stay quiet here, so keep an eye on whether it holds into the close.
This is routine tax withholding on vested restricted shares, and the $642.14 price tag is the number to notice: Seagate insiders are now settling equity at levels that value the company at $146.5 billion on AI storage demand. Lee still holds 8,665 unvested units riding that same trend.
The House GOP conference chair's spouse put the three biggest tickets into defense IT, chlorine chemicals and offshore drilling, each in the $15,000 to $50,000 range, while trimming Seagate. Nine buys across one September stretch, disclosed 28 days after the first trade, lands days after the Senate shelved a congressional trading ban.
Nearly 29 points of spread separated the top and bottom of the board at Monday's close, with Ciena up 14.29% to $445.37 and Tempus AI down 14.21% to $71.68. Four of the five leaders sit in AI infrastructure names.
Constellation Energy opened 12.1% higher at $300, the biggest move across 385 priority names, with NuScale Power close behind. Storage is on the other side of the ledger: Seagate down 6.3%, SanDisk and Micron also lower.
The storage names took the worst of Friday's close, with Western Digital down 10.07% and Seagate off 9.96%. Teradyne led the whole 379-name board at +7.98%.
Storage names are taking the brunt of the open, with Seagate down 14.8%. On the other side, ON Semiconductor leads the gainers, leaving the spread across this stock universe at roughly 21 points in a single session.
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Seagate Technology Holdings plc (NASDAQ: STX) is a mass-capacity data storage company that designs, manufactures, and sells hard disk drives (HDDs) and related storage solutions. With over 45 years of operations, the company serves hyperscale cloud providers, enterprises, and consumers with advanced storage products.
24/7 Wall St.'s 12-month price target for STX is $768.90, rated Buy. The Wall Street consensus target is $1,032.54. STX price prediction →
