Seagate Technology Holdings plc reports developments in mass-capacity data storage, including hard disk drive technology, enterprise storage demand, and consumer storage products. The company serves hyperscale cloud providers, enterprises, and consumers with storage solutions used to protect, create, manage, and scale data.
Recurring Seagate news includes fiscal results, dividend actions, investor-event participation, board governance updates, and product announcements across its Seagate, FireCuda, and LaCie brands. Technology updates also cover its Mozaic platforms, HAMR-based storage, high-capacity drives, and customer qualification activity in hyperscale environments.
Seagate HDD Cayman announced a private offering of $1 billion in senior notes, with $500 million maturing in 2029 at 3.125% interest and $500 million maturing in 2031 at 3.375%. The notes are fully guaranteed by Seagate and will close on December 8, 2020, subject to customary conditions. Proceeds will be used for share repurchases and general corporate purposes, including debt repayment and capital expenditures. This offering is conducted under Rule 144A and Regulation S of the Securities Act.
Seagate HDD Cayman has announced plans to offer up to $1 billion in senior notes due 2029 and 2031 in a private placement to qualified institutional buyers. The proceeds will be used for share repurchases and general corporate purposes, including potential debt repayment and capital expenditures. The offering will be guaranteed by Seagate. This move is subject to market conditions, and the notes will not be registered under the Securities Act, limiting their offering in the U.S. The company cautions that forward-looking statements may not guarantee the offering's completion.
Seagate Technology plc (NASDAQ: STX) will participate in the virtual Wells Fargo TMT Summit 2020 on December 1, 2020. The presentation is scheduled for 10:20 AM PT / 1:20 PM ET. Investors can access a live audio webcast on Seagate’s Investor Relations website. A replay of the webcast will be available for 30 days post-event. Seagate focuses on data storage solutions, aiming to maximize potential through sustainable data management innovations.
Seagate Technology (NASDAQ: STX) announces participation in the Bernstein's Operational Decisions Conference on November 16, 2020. The presentation is scheduled for 10:30 AM PT / 1:30 PM ET. Investors can access a live audio webcast on Seagate's Investor Relations website, with a replay available for 30 days post-event. Seagate is a leader in data storage solutions, focusing on innovative data management and sustainable partnerships. For more information, visit www.seagate.com.
Seagate Technology reported fiscal Q1 2021 results with revenue of $2.314 billion, down from $2.578 billion year-over-year. Net income increased to $223 million with diluted EPS of $0.86. The company noted a strong recovery in video and image applications and healthy cloud demand, projecting improved enterprise demand ahead. Seagate announced a 3% increase in its quarterly dividend and a $3 billion boost to its share repurchase authorization. Cash flow from operations reached $297 million, highlighting a stable financial position.
Seagate Technology plc (NASDAQ: STX) will announce its fiscal Q1 2021 financial results after market close on October 22, 2020. A conference call to discuss these results is scheduled for 1:30 p.m. Pacific / 4:30 p.m. Eastern on the same day. Investors can access the live audio webcast through Seagate’s Investor Relations website.
Seagate is focused on developing innovative data management solutions and aims to maximize humanity’s potential through sustainable partnerships.