Welcome to our dedicated page for Seagate Technology Hldngs Plc news (Ticker: STX), a resource for investors and traders seeking the latest updates and insights on Seagate Technology Hldngs Plc stock.
News for Seagate Technology Holdings plc (NASDAQ: STX) centers on its role as a mass-capacity data storage company and its ongoing communication with investors and the broader market. Seagate’s releases highlight financial performance, product developments, capital structure actions, and corporate governance decisions that shape the company’s trajectory.
Investors following STX news will see quarterly and annual financial results, where Seagate reports revenue, margins, cash flow from operations, free cash flow, and related non-GAAP measures. These updates often include commentary on demand for high-capacity storage products and guidance for upcoming fiscal quarters, along with information on declared cash dividends.
Seagate’s news flow also features product and technology announcements tied to mass-capacity storage. For example, the company has discussed high-capacity hard drives and an edge-to-cloud portfolio designed to support AI-driven video analytics and other data-intensive workloads. Such announcements describe how Seagate’s storage offerings are used to manage rapid data growth at the edge and in data centers.
Another recurring theme in Seagate news is capital markets and financing activity, including exchanges of exchangeable senior notes and exchange offers for various series of senior notes. The company issues press releases when these transactions are announced and when they close, outlining principal amounts involved and the structure of the exchanges.
Corporate governance and investor relations updates appear as well, such as participation in investor conferences, appointments to the board of directors, and details about the annual general meeting and shareholder votes. For ongoing coverage of STX, this news page aggregates these categories of information so readers can monitor Seagate’s financial reporting, product direction, and key corporate events over time.
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ROVE, a Veteran-owned systems integrator, has partnered with Seagate Technology (NASDAQ: STX) to enhance mass data storage solutions across the Southeast Region. This collaboration focuses on Lyve Mobile and Lyve Cloud to streamline data transport and management for enterprises. With 78% of businesses opting for physical data transport due to network limitations, the partnership aims to reduce storage TCO and improve customer data handling. ROVE aims to leverage Seagate's infrastructure to meet growing demands for advanced storage solutions.
Seagate Technology (NASDAQ: STX) has launched its cloud storage platform, Lyve Cloud, in Singapore, enhancing accessibility for global enterprises. Celebrating its anniversary, the platform focuses on providing simplicity, flexibility, and cost predictability in data management. With over 50 ecosystem partnerships, including Zadara and Equinix, Lyve Cloud aims to optimize mass data utilization. Key features include no lock-in, no API charges, and no egress fees, along with ISO27001 and SOC2 certifications ensuring data security.
Zadara collaborates with Seagate Technology Holdings plc (NASDAQ: STX) to enhance their Lyve Cloud platform by integrating Zadara's zCompute, an elastic and expert-managed compute infrastructure. This partnership aims to provide customers with scalable and cost-effective cloud computing solutions. Key zCompute features include a flexible consumption model, instant provisioning, and 24/7 managed support, addressing enterprises' need for high-performance workloads. This initiative aligns with Seagate's vision of simplifying data management for large-scale applications.
Seagate Technology Holdings (NASDAQ: STX) will present at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022. The presentation is scheduled for 9:45 AM PT / 12:45 PM ET. Investors can access a live webcast via Seagate's Investor Relations website, with a replay available for at least 30 days post-event. Seagate is known for its data storage solutions, having shipped over three billion terabytes of data capacity globally over the last 40 years.
Seagate Technology reported a strong fiscal Q2 2022, with revenue of $3.12 billion, up 18% year-over-year. GAAP diluted EPS was $2.23 while non-GAAP diluted EPS was $2.41. Strong operational cash flow reached $521 million and free cash flow was $426 million. The company returned $622 million to shareholders through dividends and share repurchases. Outlook remains positive with expectations for 3-6% growth supported by demand for high-capacity products.
Seagate Technology Holdings plc (NASDAQ: STX) has appointed Yolanda Lee Conyers to its Board of Directors and the Compensation Committee, effective January 24, 2022. Mike Cannon, Board Chair, expressed confidence in Conyers’ extensive experience in global human resources and technology, noting her potential to enhance diversity within the company. Conyers brings over 30 years of international experience, having held leadership positions at Lenovo, Dell Technologies, and Texas Instruments. Her academic background includes a master's in International Business and a bachelor's in Computer Science.
Seagate Technology Holdings plc (NASDAQ: STX) will report its fiscal second quarter 2022 financial results on January 26, 2022, after market close. An investment community conference call will occur on the same day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. Stakeholders can access the live audio webcast on Seagate's Investor Relations website. Established for over 40 years, Seagate has shipped more than three billion terabytes of data capacity.
Seagate Technology (NASDAQ: STX) has launched the Exos Application Platform (AP), featuring 2nd Gen AMD EPYC processors for enhanced compute and storage performance. This ultra-compact system addresses the growing demand for efficient data management, as enterprise data is projected to grow by 42.2% over the next two years. The Exos AP aims to optimize rack space, power efficiency, and storage density, helping enterprises harness 68% of unleveraged data. The new platform is available this month, promising flexibility and improved total cost of ownership (TCO).
Seagate Technology Holdings (NASDAQ: STX) announced its participation in upcoming virtual investor events. The events include the 5th Annual Virtual Wells Fargo TMT Summit on December 1, 2021, at 1:00 PM PT, the UBS Global TMT Virtual Conference on December 6, 2021, at 12:00 PM PT, and the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, at 9:40 AM PT. Webcasts will be available on Seagate’s Investor Relations website, with replays accessible for 30 days post-event.