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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.

News
Seagate Takes Its High-Performing Multi-Petabyte Capacity Block Storage System to New Heights Reaching 2.5 PB
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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News
Seagate Technology Reports Fiscal First Quarter 2024 Financial Results
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%
Tags
earnings
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News
Seagate FireCuda 520N SSD Delivers Expanded Capacity and Performance for Mobile Devices
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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none
News
Seagate’s New Exos 24TB Hard Drives Deliver Market-Leading Capacity for Hyperscalers and Enterprise Data Centers
Rhea-AI Summary
Seagate introduces new high-density hard drives for hyperscale customers and enterprises
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
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none
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News
Seagate Technology to Report Fiscal First Quarter 2024 Financial Results on October 26, 2023
Rhea-AI Summary
Seagate Technology Holdings plc to report fiscal first quarter 2024 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
Tags
conferences earnings
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News
Seagate Delivers Speed and Performance to PlayStation Gamers with the Officially Licensed Seagate Game Drive PS5 NVMe SSD
Rhea-AI Summary
Seagate announces officially licensed PS5 NVMe SSD for PlayStation gamers, offering speeds up to 7300 MB/s and capacities up to 2TB. Priced at $99.99 (1TB) and $149.99 (2TB), with simple installation and a five-year limited warranty. Available now.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
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none
News
IBC 2023: Seagate Leads Industry Efforts for Sustainable Data Storage
Rhea-AI Summary
Seagate unveils new sustainable Exos CORVAULT 5U84 storage solution for M&E sector and named Social Impact Award finalist
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
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none
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News
Seagate Announces Pricing of $1.3 Billion of Exchangeable Senior Unsecured Notes
Rhea-AI Summary
Seagate HDD Cayman, a subsidiary of Seagate Technology Holdings, priced its offering of $1.3 billion aggregate principal amount of exchangeable senior notes due 2028. The 2028 Notes were priced at 100% of the aggregate principal amount and will bear interest at a rate of 3.50% per annum. The initial exchange rate for the Notes is 12.1253 ordinary shares per $1,000 principal amount of Notes, representing an exchange premium of approximately 30% to the last reported sale price of the ordinary shares on The Nasdaq Global Market on September 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.04%
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none
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News
Seagate Announces Offering of Exchangeable Senior Unsecured Notes
Rhea-AI Summary
Seagate HDD Cayman, a subsidiary of Seagate Technology Holdings, plans to offer $1.3 billion in exchangeable senior notes due 2028 in a private placement. The notes are expected to be guaranteed by Seagate and Seagate Technology Unlimited Company. The net proceeds will be used to repay existing indebtedness and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.94%
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none
News
Seagate to Participate in Upcoming Investor Event
Rhea-AI Summary
Seagate Technology Holdings plc to participate in Goldman Sachs Communacopia + Technology Conference on September 5, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
conferences
Stock STX logo
Seagate Technology Holdings Plc

Nasdaq:STX

STX Rankings

#550 Ranked by Market Cap
#553 Ranked by Stock Gains
#1060 Ranked by Dividends

STX Stock Data

17.85B
208.37M
0.54%
93.4%
4.2%
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.