Seagate CCO says storage price hikes are ‘the new normal’ — demand enters an unprecedented ‘supercycle’ driven by AI growth

Seagate CCO Ban-Seng Teh said this week that memory price hikes are "the new normal" for the storage industry, describing ...
Small Business Computing

Seagate Gets Into Recovery

Seagate Technology is moving into online backup with the $185 million acquisition of EVault. The company will become part of the Seagate Services group, which includes data recovery, online ...
Morningstar

Seagate Earnings: Slow Recovery for HDDs Is Underway, and We Maintain Our $55 Fair Value Estimate

We maintain our $55 fair value estimate for shares of no-moat Seagate Technology STX after the firm reported expectedly weak fiscal 2024 first-quarter results against a soft market backdrop. The hard ...
Morningstar

Seagate Earnings: Cyclical Recovery Drives More Positive Results, but Shares Remain Overvalued

We maintain our fair value estimate for no-moat Seagate at $67 following a strong fiscal fourth quarter and fiscal 2024 earnings report. In the June quarter, speedy demand recovery and healthy pricing ...
Seeking Alpha

Seagate's Q2 results signal recovery in the storage market

Seagate Technology (NASDAQ:STX) forecasted third-quarter revenue largely in line with estimates, signaling signs of recovery in the storage market. Shares of the hard drive maker fell nearly 1% in ...
Seeking Alpha

Summit Insights upgrades Seagate to Hold on modest storage demand recovery

Summit Insights Group upgraded computer hard drive maker Seagate Technology (NASDAQ:STX) to Hold, citing modest storage demand recovery. Seagate reported weaker-than-expected guidance on Thursday, ...