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Seagate Technology Holdings Plc - STX STOCK NEWS

Welcome to our dedicated news page for Seagate Technology Holdings Plc (Ticker: STX), a resource for investors and traders seeking the latest updates and insights on Seagate Technology Holdings Plc.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Seagate Technology Holdings Plc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Seagate Technology Holdings Plc's position in the market.

Rhea-AI Summary
Seagate Technology plc (NASDAQ: STX) launches a new e-commerce website in the U.S., offering direct purchase of industry-leading storage products with exclusive promotions and support. Customers can access special pricing and free shipping offers on popular gaming storage drives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
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none
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Rhea-AI Summary
Seagate Technology Holdings plc (STX) will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024. The presentation will be at 8:45 AM PT / 11:45 AM ET, with investor meetings to follow. The webcast can be accessed on Seagate's Investor Relations website, with a replay available for 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.67%
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conferences
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Rhea-AI Summary
OORT, a decentralized cloud platform, collaborates with Seagate Technology (NASDAQ: STX) to integrate Seagate Lyve services, enhancing its storage capabilities for AI applications. This collaboration aims to strengthen OORT's global compute and storage resources, optimize costs, and foster new strategic alliances, marking a significant step in revolutionizing the decentralized cloud industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.18%
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AI
Rhea-AI Summary
Seagate Technology Holdings plc (STX) reported fiscal Q2 2024 revenue of $1.56 billion, with GAAP (loss) per share of $(0.09) and non-GAAP diluted earnings per share (EPS) of $0.12. The company also generated cash flow from operations of $169 million and free cash flow of $99 million. Seagate declared a cash dividend of $0.70 per share and launched the Mozaic platform, marking a major inflection point in mass capacity storage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
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earnings
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Rhea-AI Summary
Seagate Technology Holdings plc (STX) announced the launch of the Mozaic 3+ hard drive platform, featuring Heat-Assisted Magnetic Recording (HAMR) technology, which delivers unprecedented areal densities of 3TB+ per platter. The platform powers Seagate's Exos product family, with newly announced capacity points of 30TB and beyond, addressing common industry pain points and enabling customers to store more data in the same floor space than ever before. The Mozaic 3+ platform also offers a 40% improvement in per terabyte power consumption and a 55% reduction in embodied carbon per terabyte compared to traditional PMR drives. The company is experiencing strong demand from data center customers, with a leading cloud service provider focused on ramping of Seagate-provided drives to Mozaic 3+. Seagate's CEO highlighted several industry-first innovations integrated into the platform, including Superlattice Platinum-Alloy Media, Plasmonic Writer, Gen 7 Spintronic Reader, and 12nm Integrated Controller, which are critical for expanding the installed base of hard drive-based mass storage, especially in data centers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
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Rhea-AI Summary
Seagate Technology Holdings plc (STX) to Report Fiscal Second Quarter 2024 Financial Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.11%
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conferences earnings
Rhea-AI Summary
Seagate Technology Holdings plc (NASDAQ: STX) to participate in investor events including Bank of America Securities Leveraged Finance Conference, UBS Global Technology Conference, and Barclays Global Technology Conference. Webcasts accessible on Seagate's Investor Relations website with replays available for at least 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
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conferences
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Rhea-AI Summary
Seagate Technology Holdings plc (NASDAQ: STX) introduces the Seagate Exos® CORVAULT™ 4U106 mass data storage system, offering a capacity of 2.5PB, higher rack density, extended lifecycles, and less power per petabyte. This high-performing multi-petabyte block storage system features Seagate’s high capacity Exos® hard drives, self-healing technology, and reduces storage networking resources by up to 50% and improves total rack power efficiency up to 30%. The system also helps reduce downtime and optimize data center resources, in turn, reducing carbon footprint and e-waste. The product is already available in a 2PB configuration and will now be offered in 2PB and 2.5PB Heat-Assisted Magnetic Recording (HAMR)-based configurations, with product availability at the end of December.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.95%
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none
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Rhea-AI Summary
Seagate Technology Holdings plc (NASDAQ: STX) reported financial results for its fiscal Q1 2024. Revenue of $1.45 billion, GAAP loss per share of $(0.88), and non-GAAP loss per share of $(0.22). Cash flow from operations of $127 million and free cash flow of $57 million. Declared cash dividend of $0.70 per share. Seagate's CEO highlights strong execution on product roadmap and potential for improved profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
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earnings
Rhea-AI Summary
Seagate introduces new FireCuda 520N NVMe SSD for portable gaming and compute devices
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.35%
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Seagate Technology Holdings Plc

Nasdaq:STX

STX Rankings

STX Stock Data

19.82B
208.37M
0.54%
93.51%
4.75%
Computer Storage Device Manufacturing
Manufacturing
Link
Ireland
Dublin

About STX

at seagate, we know that data is always in motion, alive, connected—and we harness it in order to maximize human potential. since 1979, we have been creating precision-engineered data storage technologies that deliver superior capacity, speed, safety, and performance. we are a diverse workforce of 40,000 creative, hard-working, passionate people all over the world—silicon valley, the united kingdom, singapore, india, china, and beyond.