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Seagate Technology Holdings plc (STX) Report Analysis

Corporate Events

Neutral

Seagate Technology Holdings plc Presents at Bro...

2022-05-30 19:10:00

Seagate Technology Holdings plc Presents at BroadcastAsia 2022, Jun-01-2022 . Venue: Singapore Expo. Speakers: Muhammad Yazid, Director, Lyve ...

Neutral

Seagate Technology Holdings plc Presents at Mor...

2022-05-19 06:15:00

Seagate Technology Holdings plc Presents at Morgan Stanley's 7th Annual Sustainable Futures Conference, May-24-2022 10:15 AM. Venue: New York,...

Neutral

Seagate Technology Holdings plc Presents at Ban...

2022-05-19 00:00:00

Seagate Technology Holdings plc Presents at Bank of America 2022 Global Technology Conference, Jun-08-2022 09:30 AM. Venue: Ritz Carlton, San ...

Neutral

Singapore Exhibition Services (Pte) Limited, Br...

2022-05-09 11:34:00

Singapore Exhibition Services (Pte) Limited, BroadcastAsia 2022, Jun 01, 2022 through Jun 03, 2022. Venue: Singapore Expo.

Positive

Hammerspace and Seagate Collaborate to Extend G...

2022-05-06 12:01:00

Hammerspace announced a technology collaboration with Seagate®Technology Holdings plc to bring automated data orchestration and unified data a...

Positive

StorONE and Seagate® Technology Holdings plc In...

2022-05-03 12:00:00

StorONE announced a new solution with Seagate® Technology Holdings plc that promises to extend the hybrid storage use case while dramatically ...

Neutral

Seagate Technology Holdings plc Provides Revenu...

2022-04-27 12:05:00

Seagate Technology Holdings plc provided revenue guidance for the fiscal fourth quarter 2022. For the period, the company expects revenue of $...

Positive

Seagate Technology Holdings plc Declares Quarte...

2022-04-27 12:05:00

The Board of Directors of the Company declared a quarterly cash dividend of $0.70 per share, which will be payable on July 7, 2022 to sharehol...

Neutral

Tranche Update on Seagate Technology Holdings p...

2022-04-27 08:09:00

From January 1, 2022 to April 1, 2022, the company has repurchased 4,000,000 shares, representing 1.82% for $398.51 million. With this, the co...

Positive

Seagate Technology Holdings plc, $ 0.70, Cash D...

2022-04-27 00:00:00

Seagate Technology Holdings plc, $ 0.70, Cash Dividend, Jun-23-2022

Neutral

Seagate Technology Holdings plc, Q3 2022 Earnin...

2022-04-14 20:05:00

Seagate Technology Holdings plc, Q3 2022 Earnings Call, Apr 27, 2022

Neutral

Seagate Technology Holdings plc to Report Q3, 2...

2022-04-14 20:05:00

Seagate Technology Holdings plc announced that they will report Q3, 2022 results Pre-Market on Apr 27, 2022

Neutral

Climb Channel Solutions Expands Seagate Technol...

2022-04-13 12:00:00

Climb Channel Solutions in collaboration with Seagate Technology Holdings plc is expanding its data protection and storage portfolio to provid...

Neutral

Seagate Technology Holdings plc and Phison Elec...

2022-04-06 12:00:00

Seagate Technology Holdings plc and Phison Electronics Corp. announced plans to expand their SSD portfolio of next-gen high-performance, high-...

Neutral

Atempo Provides Seagate's Lyve Portfolio for Ma...

2022-04-05 10:30:00

Atempo announced a collaboration with Seagate® Technology Holdings plc to provide enterprises with a combined offering that simplifies and acc...

Negative

Mark Adams Announces Not to Stand for Re-electi...

2022-03-30 20:06:00

On March 25, 2022, Mark Adams notified the Board of Directors of Seagate Technology Holdings plc that he will retire from the Board and will n...

Neutral

Seagate Technology Holdings plc Presents at Aut...

2022-03-30 07:04:00

Seagate Technology Holdings plc Presents at AutoSens in Detroit Conference 2022, May-11-2022 12:35 PM. Venue: Michigan Science Center, Detroit...

Neutral

Sense Media Group Ltd, AutoSens in Detroit Conf...

2022-03-19 17:18:00

Sense Media Group Ltd, AutoSens in Detroit Conference 2022, May 10, 2022 through May 12, 2022. Venue: Michigan Science Center, Detroit, Michig...

Neutral

Bank of America Corporation, Bank of America 20...

2022-03-17 14:07:00

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022. Venue: Ritz Carlton, San Fr...

Neutral

Morgan Stanley, Morgan Stanley's 7th Annual Sus...

2022-03-15 15:27:00

Morgan Stanley, Morgan Stanley's 7th Annual Sustainable Futures Conference, May 23, 2022 through May 25, 2022. Venue: New York, New York, Unit...

Neutral

VMware, Inc., 7th Annual Women Transforming Tec...

2022-03-11 13:00:00

VMware, Inc., 7th Annual Women Transforming Technology Conference, Apr 11, 2022 through Apr 12, 2022.

Neutral

Tranche Update on Seagate Technology Holdings p...

2022-01-26 16:10:00

From October 2, 2021 to December 31, 2021, the company has repurchased 5,000,000 shares, representing 2.23% for $451.37 million. With this, th...

Positive

Seagate Technology Holdings plc Announces New E...

2021-12-14 14:00:00

Seagate Technology Holdings plc announced the new Exos® Application Platform (AP) with a new controller featuring Second Gen AMD EPYC™ process...

Neutral

Seagate Technology Holdings plc Presents at Bar...

2021-11-18 21:05:00

Seagate Technology Holdings plc Presents at Barclays Global TMT Conference 2021, Dec-08-2021 09:40 AM.

Neutral

Seagate Technology Holdings plc Presents at Ben...

2021-11-16 16:47:00

Seagate Technology Holdings plc Presents at Benchmark Company Virtual Technology Conference, Nov-17-2021 .

Neutral

Seagate Technology Holdings plc Presents at Edg...

2021-11-11 19:16:00

Seagate Technology Holdings plc Presents at Edge AI Summit, Nov-15-2021 . Speakers: Hemant Mane, Principal Research Engineer.

Neutral

Kisaco Research, Edge AI Summit, Nov 15, 2021 t...

2021-11-11 17:56:00

Kisaco Research, Edge AI Summit, Nov 15, 2021 through Nov 18, 2021.

Negative

Seagate Technology Holdings plc Announces Retir...

2021-11-11 14:00:00

Seagate Technology Holdings plc announced the retirement of Stephen J. Luczo from the company’s Board of Directors effective October 20, 2021....

Neutral

Seagate Technology Holdings plc Presents at UBS...

2021-11-09 19:30:00

Seagate Technology Holdings plc Presents at UBS Global TMT Virtual Conference, Dec-06-2021 03:00 PM. Venue: New York, United States. Speakers:...

Neutral

Seagate Technology Holdings plc Provides Guidan...

2021-10-22 12:05:00

Seagate Technology Holdings plc provided guidance for its fiscal second quarter 2022. The company expects revenue of $3.1 billion, plus or min...

Positive

Seagate Technology Holdings plc Declares Quarte...

2021-10-22 12:05:00

The Board of Directors of Seagate Technology Holdings plc declared a quarterly cash dividend of $0.70 per share, which will be payable on Janu...

Neutral

Tranche Update on Seagate Technology Holdings p...

2021-10-22 08:21:00

From July 3, 2021 to October 1, 2021, the company has repurchased 4,900,000 shares, representing 2.15% for $425 million. With this, the compan...

Positive

Seagate Technology Holdings plc, $ 0.70, Cash D...

2021-10-22 00:00:00

Seagate Technology Holdings plc, $ 0.70, Cash Dividend, Dec-21-2021

Neutral

The Benchmark Company, LLC., Benchmark Company ...

2021-10-21 17:00:00

The Benchmark Company, LLC., Benchmark Company Virtual Technology Conference, Nov 17, 2021.

Neutral

Seagate Technology Holdings plc has filed a She...

2021-10-20 00:00:00

Seagate Technology Holdings plc has filed a Shelf Registration in the amount of $1.774323 billion. Security Name: Ordinary shares Securiti...

Positive

Seagate Technology Holdings Public Limited Comp...

2021-10-15 10:50:00

On October 14, 2021, Seagate Technology Holdings public limited company and its subsidiary Seagate HDD Cayman (the “Borrower”) entered into an...

Neutral

Seagate Technology Holdings plc Presents at 5th...

2021-10-07 17:42:00

Seagate Technology Holdings plc Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 04:00 PM. Speakers: Gianluca Romano, Execut...

Neutral

Wells Fargo Securities, LLC, 5th Annual Virtual...

2021-10-07 09:16:00

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021.

Neutral

Seagate Technology Holdings plc to Report Q1, 2...

2021-10-05 20:05:00

Seagate Technology Holdings plc announced that they will report Q1, 2022 results Pre-Market on Oct 22, 2021

Neutral

Seagate Technology Holdings plc, Q1 2022 Earnin...

2021-10-05 20:05:00

Seagate Technology Holdings plc, Q1 2022 Earnings Call, Oct 22, 2021

Neutral

StorONE Collaborates with Seagate to Offer High...

2021-09-21 12:00:00

In the never-ending quest to keep data storage infrastructure costs down, IT professionals can again turn to StorONE and Seagate ® Technology ...

Neutral

Zoom Selects Seagate’S Lyve Cloud

2021-08-31 13:00:00

Seagate Technology Holdings plc reached an agreement with Zoom that will soon enable the video conferencing company’s customers to use Seagate...

Neutral

Seagate Technology Holdings plc, Annual General...

2021-08-30 20:06:00

Seagate Technology Holdings plc, Annual General Meeting, Oct 20, 2021, at 16:00 Coordinated Universal Time. Location: InterContinental Hotel, ...

Neutral

Seagate Technology Holdings plc - Shareholder/A...

2021-08-30 20:06:00

Annual General Meeting of Shareholders

Negative

Seagate Technology Holdings plc Stephen J. Lucz...

2021-08-30 20:06:00

Seagate Technology Holdings plc announced that Stephen J. Luczo will retire as a director and will not stand for re-election at the AGM to be ...

Neutral

Seagate Technology Holdings plc Presents at Cit...

2021-08-26 20:37:00

Seagate Technology Holdings plc Presents at Citi 2021 Global Technology Virtual Conference, Sep-14-2021 01:00 PM.

Neutral

Seagate Technology Holdings plc Presents at Deu...

2021-08-26 20:37:00

Seagate Technology Holdings plc Presents at Deutsche Bank Technology Conference 2021, Sep-09-2021 03:50 PM.

Neutral

UBS Investment Bank, UBS Global TMT Virtual Con...

2021-08-25 17:29:00

UBS Investment Bank, UBS Global TMT Virtual Conference, Dec 06, 2021 through Dec 08, 2021. Venue: New York, United States.

Positive

NI and Seagate Collaborate to Improve How Data ...

2021-07-27 13:58:00

NI and Seagate Technology Holdings announced a new collaboration to enhance data storage and transfer services, including a first-of-its-kind ...

Positive

Seagate Technology Holdings plc Declares Quarte...

2021-07-21 12:05:00

Seagate Technology Holdings plc declared a quarterly cash dividend of $0.67 per share, which will be payable on October 6, 2021 to shareholder...

Neutral

Seagate Technology Holdings plc Provides Earnin...

2021-07-21 12:05:00

Seagate Technology Holdings plc provided earnings guidance for the fiscal first quarter 2022. For the first quarter, the company expects reven...

Neutral

Tranche Update on Seagate Technology Holdings p...

2021-07-21 08:10:00

From April 3, 2021 to July 2, 2021, the company has repurchased 3,000,000 shares, representing 1.31% for $254.08 million. With this, the compa...

Positive

Seagate Technology Holdings plc, $ 0.67, Cash D...

2021-07-21 00:00:00

Seagate Technology Holdings plc, $ 0.67, Cash Dividend, Sep-21-2021

Neutral

Seagate Technology Holdings plc to Report Q4, 2...

2021-07-12 20:05:00

Seagate Technology Holdings plc announced that they will report Q4, 2021 results Pre-Market on Jul 21, 2021

Neutral

Seagate Technology Holdings plc, Q4 2021 Earnin...

2021-07-12 20:05:00

Seagate Technology Holdings plc, Q4 2021 Earnings Call, Jul 21, 2021

Neutral

Seagate Technology Holdings plc Presents at BroadcastAsia 2022, Jun-01-2022

2022-05-30 19:10:00

Seagate Technology Holdings plc Presents at BroadcastAsia 2022, Jun-01-2022 . Venue: Singapore Expo. Speakers: Muhammad Yazid, Director, Lyve Cloud Solutions and Services.

Neutral

Seagate Technology Holdings plc Presents at Morgan Stanley's 7th Annual Sustainable Futures Conference, May-24-2022 10:15 AM

2022-05-19 06:15:00

Seagate Technology Holdings plc Presents at Morgan Stanley's 7th Annual Sustainable Futures Conference, May-24-2022 10:15 AM. Venue: New York, New York, United States.

Neutral

Seagate Technology Holdings plc Presents at Bank of America 2022 Global Technology Conference, Jun-08-2022 09:30 AM

2022-05-19 00:00:00

Seagate Technology Holdings plc Presents at Bank of America 2022 Global Technology Conference, Jun-08-2022 09:30 AM. Venue: Ritz Carlton, San Francisco, California, United States.

Neutral

Singapore Exhibition Services (Pte) Limited, BroadcastAsia 2022, Jun 01, 2022 through Jun 03, 2022

2022-05-09 11:34:00

Singapore Exhibition Services (Pte) Limited, BroadcastAsia 2022, Jun 01, 2022 through Jun 03, 2022. Venue: Singapore Expo.

Positive

Hammerspace and Seagate Collaborate to Extend Global Data Environments with Lyve Cloud and Exos CORVAULT

2022-05-06 12:01:00

Hammerspace announced a technology collaboration with Seagate®Technology Holdings plc to bring automated data orchestration and unified data access across Seagate’s Lyve™ Cloud and Exos CORVAULT. The collaboration enables customers to combine the benefits of leveraging Seagate’s S3-compatible public cloud storage-as-a-service platform with the ability to bring together all their edge, distributed datacenter, and cloud data into a consolidated, consumable resource within a Global Data Environment. Hammerspace solves data accessibility challenges for decentralized users, applications, and data wherever they are located. With Hammerspace, the data storage, management and utilization of data services become accessible everywhere across the multi-site hybrid cloud, from Lyve Cloud to data center to edge, safely and easily. Lyve Cloud offers data privacy, high performance, no lock-in, no API charges and no egress fees, allowing customers to retain full control of their data while lowering the total cost of ownership (TCO) for storing, accessing and moving massive data sets. The storage-only cloud is known for its simplicity, flexibility and cost predictability. It is trusted by partners and customers worldwide to harness the flow of massive global data and accelerate digital transformation.

Positive

StorONE and Seagate® Technology Holdings plc Introduces Backup Storage Target with Improved Ransomware Protection

2022-05-03 12:00:00

StorONE announced a new solution with Seagate® Technology Holdings plc that promises to extend the hybrid storage use case while dramatically lowering the cost of production, archive and backup storage. The new solution combines updated versions of StorONE and Seagate’s successful hybrid storage solutions based on StorONE’s Enterprise Storage Platform software and Seagate’s Next-Gen Application Platform (AP), the Exos® AP BV-1. The Seagate Exos AP BV-1 is the 2nd GEN AMD EPYC™ server module. It supports Seagate’s existing family of compatible system enclosures, including the Exos AP 2U12, Exos AP 2U24, and Exos AP 5U84, providing a range of storage enclosures for 12 to 84 drives, ideally suited to StorONE’s Enterprise Storage Platform. A Ransomware Resilient Backup Storage Solution: A widespread use case for Seagate/StorONE customers is as a backup storage target to elevate the customer’s ransomware resiliency while shrinking their threat exposure window. StorONE’s S1:Backup with the Seagate Exos AP BV-1 provides enhanced ransomware protection for backup infrastructures: Flash-First Backups for faster, more frequent data protection, improving recovery point objectives (RPO). The improved immutability of every backup job across any storage protocol. The performance backup software vendors need to host backup software metadata immutably. Sterile Recovery Target delivers production-class performance and features at backup storage prices. The StorONE Enterprise Storage Platform with the Seagate Exos AP BV-1 is the first backup storage solution with intelligent flash-first storage. All backups are first received on a flash tier to improve backup performance, enabling IT to increase protection frequency. Then the StorONE S1:Backup software uses a new predictive tiering algorithm, moving old backup data to the hard disk tier during less busy times, eliminating the concerns of forced migration when receiving a new backup job. The S1:Backup solution can also move data to and from the hard disk tier in record time, due to the efficient StorONE engine, which can take full advantage of the 2X bandwidth provided by the Exos AP BV-1, as compared with the previous generation product. Backup data is also sequentially written to the hard disk tier for the best utilization, and higher performing recalls. Finally, because StorONE software manages the entire IO path, it can continue optimizing and refining hard drive performance as the technology advances. Recoveries are automatically instantiated on the flash tier. Due to the power of the new Seagate Exos AP, combined with the efficient StorONE engine, the solution delivers production-class performance at backup storage prices. The Exos AP’s dual-controller architecture, combined with StorONE’s data protection capabilities, enables the solution to become standby storage or backup storage that can support production applications, without compromise. StorONE’s Enterprise Storage Platform solutions using the Seagate Exos AP BV-1 are available now from StorONE and Seagate distributors. Seagate Exos AP BV-1 configurations optimized for StorONE include: The Exos AP 2U12 Hybrid Array configuration - with 19TB of flash and 126TB of HDD, ideal for small data centers or remote offices. The Exos AP 2U24 All-Flash Array - with 184TB of Flash, ideal for virtualized and database environments. The Exos AP 2U24 is unique among AFAs because it can expand using hard disk drive enclosures. The Exos AP 5U84 Hybrid Array - with 107TB of flash and 1.2PB of HDD, an ideal mainstream data center workhorse capable of using StorONE’s S1:Backup software to be a backup storage target or the Enterprise Storage Platform and meet a wide variety of data center use cases, including Backup, Archiving, NAS, Virtualized and Database environments.

Neutral

Seagate Technology Holdings plc Provides Revenue Guidance for the Fiscal Fourth Quarter 2022

2022-04-27 12:05:00

Seagate Technology Holdings plc provided revenue guidance for the fiscal fourth quarter 2022. For the period, the company expects revenue of $2.8 billion, plus or minus $150 million.

Positive

Seagate Technology Holdings plc Declares Quarterly Cash Dividend, Payable on July 7, 2022

2022-04-27 12:05:00

The Board of Directors of the Company declared a quarterly cash dividend of $0.70 per share, which will be payable on July 7, 2022 to shareholders of record as of the close of business on June 24, 2022. The payment of any future quarterly dividends will be at the discretion of the Board and will be dependent upon Seagate’s financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board.

Neutral

Tranche Update on Seagate Technology Holdings plc (NasdaqGS:STX)'s Equity Buyback Plan announced on November 2, 2018.

2022-04-27 08:09:00

From January 1, 2022 to April 1, 2022, the company has repurchased 4,000,000 shares, representing 1.82% for $398.51 million. With this, the company has completed the repurchase of 70,428,994 shares, representing 28.28% for $4,446.02 million under the buyback announced on November 2, 2018.

Positive

Seagate Technology Holdings plc, $ 0.70, Cash Dividend, Jun-23-2022

2022-04-27 00:00:00

Seagate Technology Holdings plc, $ 0.70, Cash Dividend, Jun-23-2022

Neutral

Seagate Technology Holdings plc, Q3 2022 Earnings Call, Apr 27, 2022

2022-04-14 20:05:00

Seagate Technology Holdings plc, Q3 2022 Earnings Call, Apr 27, 2022

Neutral

Seagate Technology Holdings plc to Report Q3, 2022 Results on Apr 27, 2022

2022-04-14 20:05:00

Seagate Technology Holdings plc announced that they will report Q3, 2022 results Pre-Market on Apr 27, 2022

Neutral

Climb Channel Solutions Expands Seagate Technology Offerings to Enable Data Transfer Services to the Channel

2022-04-13 12:00:00

Climb Channel Solutions in collaboration with Seagate Technology Holdings plc is expanding its data protection and storage portfolio to provide Seagate’s Lyve Mobile to the channel community. Today, Solution Providers are facing complex challenges, including data sprawl, data overflow, unstructured data, and bandwidth limitations. Lyve Mobile data transfer services are designed to address these top challenges, enabling secure, cost-effective means to rapidly move massive volumes of data across their enterprises. The latest collaboration between Climb and Seagate enables solution providers to accelerate their clients’ time to data, bringing data transfer as-a-service to the channel community which will allow for new revenue opportunities for partners. Lyve Mobile is a key enabler for solving clients’ data mobility challenges. By providing an agnostic tool for edge-to-core data workflows, Lyve Mobile enables hardware, software, and managed services opportunities behind its subscriptions. The collaboration between Climb and Seagate Lyve Mobile enables Solution Providers access to the Lyve Mobile Services through a trusted channel provider. Lyve Mobile fits nicely into Climb’s portfolio and is expected to enable the channel community to continue to provide value and services unique to the enterprise market’s needs. Data movement, data mobility, and data migration are key challenges across all major industries, and the channel community works on the front lines in solving these challenges for their clients. Most companies physically move data on a regular cadence, but the growth in data sets and data security requirements emerging in enterprises are pushing innovation for next-generation endpoint infrastructure. Lyve Mobile, Seagate’s data transfer service, is a simple, secure storage solution, uniquely built to mitigate the challenges of data gravity at the edge or dispersed across multiple locations. For solution providers, Lyve Mobile is a must-have tool to enable next generation data mobility to their clients. Together, Climb and Seagate will provide the channel community with a service ready solution to enable the next generation of data movement, mobility, and migration practices to the market.

Neutral

Seagate Technology Holdings plc and Phison Electronics Corp. Broadens Partnership to Bolster Portfolio of High-Performance, High-Density Enterprise-Class Solid State Drives Optimized to Lower Data Center TCO

2022-04-06 12:00:00

Seagate Technology Holdings plc and Phison Electronics Corp. announced plans to expand their SSD portfolio of next-gen high-performance, high-density enterprise NVMe SSDs. The new SSDs will help enterprises lower total cost ownership (TCO) through increased storage density, lower power consumption, and higher performance. The companies also announced that they have entered a long-term partnership that will strengthen the development cycle and distribution of enterprise-class SSDs. Seagate and Phison have collaborated on Seagate’s mainstream SATA SSD products since 2017. That close cooperation has continued through the company’s performance-leading line of FireCuda consumer gaming NVMe PCIe Gen4x4 SSDs and the world’s first purpose-built NAS NVMe SSDs. The partnership will now focus on meeting the evolving global enterprise demand for higher density, faster, and smarter storage infrastructure needs that complement HDD storage to enable comprehensive enterprise applications such as hyperscale data center, high-performance computing and AI. Seagate and Phison will work together to strengthen the industry's enterprise-class SSD product offerings focusing on best-in-class performance, cost savings, and efficiency. Optimized for specific workloads, environments, and use cases, each new product will be engineered and customized to specifically address a customer’s technical needs.

Neutral

Atempo Provides Seagate's Lyve Portfolio for Mass Data Migration to the Cloud and Across Data Centers

2022-04-05 10:30:00

Atempo announced a collaboration with Seagate® Technology Holdings plc to provide enterprises with a combined offering that simplifies and accelerates the migration of large volumes of data with Seagate's Lyve™ edge-to-cloud mass storage platform. The combination of Miria, the Atempo Data Management platform, and Seagate's Lyve Mobile and Lyve Cloud, provides an efficient, highly scalable, and competitive solution for organizations looking to reduce storage costs and improve operational performance by migrating large volumes of files from a data center to Seagate's Lyve Cloud. With the exploding volume of data, the challenges for organizations are to optimize their storage and keep costs under control. CIOs (Chief Information Officers) in 2022 have a wide range of options when it comes to hosting their data at a reasonable cost. Yet moving several hundred terabytes (TB), or even petabytes (PB) of file data, remains a problem for many. Limited bandwidth between data centers is a considerable limitation, making it difficult to relocate data within a target timeframe. Migrations are frequently imposed by the end of storage equipment maintenance or by operational and geographical constraints. Atempo and Seagate provide answers to technical challenges that come with almost every migration project: The power to migrate billions of files between storage platforms. Preserved file integrity and associated access rights to files, folders, and shares. Reduced user impact and interruption on critical applications. The storage data remains in production with a progressive migration solution. Full respect of budgetary constraints with zero vendor lock-in. There are no limits to the volume of data that enterprises can store and activate. Streamlined and efficient IT architectures resulting from data storage consolidation improve network transfers and cloud ingestion. The end of siloed data scattered across multiple clouds and edge locations which will boost innovation possibilities.

Negative

Mark Adams Announces Not to Stand for Re-election to the Board of Seagate Technology Holdings plc

2022-03-30 20:06:00

On March 25, 2022, Mark Adams notified the Board of Directors of Seagate Technology Holdings plc that he will retire from the Board and will not stand for reelection at the 2022 Annual General Meeting of Shareholders (the “2022 AGM”). Mr. Adams’ retirement is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Adams will continue to serve on the Board until the expiration of his current term at the 2022 AGM.

Neutral

Seagate Technology Holdings plc Presents at AutoSens in Detroit Conference 2022, May-11-2022 12:35 PM

2022-03-30 07:04:00

Seagate Technology Holdings plc Presents at AutoSens in Detroit Conference 2022, May-11-2022 12:35 PM. Venue: Michigan Science Center, Detroit, Michigan, United States. Speakers: Zoran Jandric, Senior Manager.

Neutral

Sense Media Group Ltd, AutoSens in Detroit Conference 2022, May 10, 2022 through May 12, 2022

2022-03-19 17:18:00

Sense Media Group Ltd, AutoSens in Detroit Conference 2022, May 10, 2022 through May 12, 2022. Venue: Michigan Science Center, Detroit, Michigan, United States.

Neutral

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022

2022-03-17 14:07:00

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022. Venue: Ritz Carlton, San Francisco, California, United States.

Neutral

Morgan Stanley, Morgan Stanley's 7th Annual Sustainable Futures Conference, May 23, 2022 through May 25, 2022

2022-03-15 15:27:00

Morgan Stanley, Morgan Stanley's 7th Annual Sustainable Futures Conference, May 23, 2022 through May 25, 2022. Venue: New York, New York, United States.

Neutral

VMware, Inc., 7th Annual Women Transforming Technology Conference, Apr 11, 2022 through Apr 12, 2022

2022-03-11 13:00:00

VMware, Inc., 7th Annual Women Transforming Technology Conference, Apr 11, 2022 through Apr 12, 2022.

Neutral

Tranche Update on Seagate Technology Holdings plc (NasdaqGS:STX)'s Equity Buyback Plan announced on November 2, 2018.

2022-01-26 16:10:00

From October 2, 2021 to December 31, 2021, the company has repurchased 5,000,000 shares, representing 2.23% for $451.37 million. With this, the company has completed the repurchase of 66,428,994 shares, representing 26.45% for $4,047.51 million under the buyback announced on November 2, 2018.

Positive

Seagate Technology Holdings plc Announces New Exos® Application Platform with New Controller Featuring Second Gen AMD EPYC™ Processors

2021-12-14 14:00:00

Seagate Technology Holdings plc announced the new Exos® Application Platform (AP) with a new controller featuring Second Gen AMD EPYC™ processors. The efficient, scalable, affordable end-to-end compute and storage platform delivers integrated compute and storage in a single enclosure optimizing rack space utilization, power efficiency, heat dissipation, and storage density. Exos AP options with the all-new AP-BV-1 controller, offer exceptional compute and storage performance in a single chassis. With dual AMD EPYC processor-based controllers, the system delivers high availability or controller partitioning, with the flexibility of a common controller slot allowing connection to additional EXOS E SAS expansion units in matched chassis. The architecture is perfectly balanced for current and future CPUs and drive capacities. AMD EPYC processors offer a combination of features to help support the need for advanced storage solutions. In the Exos AP Enterprise Data Storage System Controller, AMD EPYC processors offer core counts of 8, 12, or 16 for varying levels of performance. The processors also provide the solution with dedicated PCIe® 4 lanes that deliver 200GbE network connectivity, and high bandwidth to SAS controller for faster HDD and SSD response. Finally, the Exos AP system supports 25GbE on the motherboard providing base I/O which is often an added cost on other competitor platforms. The Exos AP options featuring the new AP-BV-1 controller are available in December 2021.

Neutral

Seagate Technology Holdings plc Presents at Barclays Global TMT Conference 2021, Dec-08-2021 09:40 AM

2021-11-18 21:05:00

Seagate Technology Holdings plc Presents at Barclays Global TMT Conference 2021, Dec-08-2021 09:40 AM.

Neutral

Seagate Technology Holdings plc Presents at Benchmark Company Virtual Technology Conference, Nov-17-2021

2021-11-16 16:47:00

Seagate Technology Holdings plc Presents at Benchmark Company Virtual Technology Conference, Nov-17-2021 .

Neutral

Seagate Technology Holdings plc Presents at Edge AI Summit, Nov-15-2021

2021-11-11 19:16:00

Seagate Technology Holdings plc Presents at Edge AI Summit, Nov-15-2021 . Speakers: Hemant Mane, Principal Research Engineer.

Neutral

Kisaco Research, Edge AI Summit, Nov 15, 2021 through Nov 18, 2021

2021-11-11 17:56:00

Kisaco Research, Edge AI Summit, Nov 15, 2021 through Nov 18, 2021.

Negative

Seagate Technology Holdings plc Announces Retirement of Stephen J. Luczo from its Board of Directors

2021-11-11 14:00:00

Seagate Technology Holdings plc announced the retirement of Stephen J. Luczo from the company’s Board of Directors effective October 20, 2021. He served as the company's Board Chair from 2002 to 2020 and has served on Seagate’s board since 1998.

Neutral

Seagate Technology Holdings plc Presents at UBS Global TMT Virtual Conference, Dec-06-2021 03:00 PM

2021-11-09 19:30:00

Seagate Technology Holdings plc Presents at UBS Global TMT Virtual Conference, Dec-06-2021 03:00 PM. Venue: New York, United States. Speakers: Gianluca Romano, Executive VP & CFO, Jingjing Chen, Shanye Hudson, Senior Vice President of Investor Relations & Treasury, William David Mosley, CEO & Director.

Neutral

Seagate Technology Holdings plc Provides Guidance for its Fiscal Second Quarter 2022

2021-10-22 12:05:00

Seagate Technology Holdings plc provided guidance for its fiscal second quarter 2022. The company expects revenue of $3.1 billion, plus or minus $150 million.

Positive

Seagate Technology Holdings plc Declares Quarterly Cash Dividend, Payable on January 5, 2022

2021-10-22 12:05:00

The Board of Directors of Seagate Technology Holdings plc declared a quarterly cash dividend of $0.70 per share, which will be payable on January 5, 2022 to shareholders of record as of the close of business on December 22, 2021. The payment of any future quarterly dividends will be at the discretion of the Board and will be dependent upon Seagate’s financial position, results of operations, available cash, cash flow, capital requirements and otherfactors deemed relevant by the Board.

Neutral

Tranche Update on Seagate Technology Holdings plc (NasdaqGS:STX)'s Equity Buyback Plan announced on November 2, 2018.

2021-10-22 08:21:00

From July 3, 2021 to October 1, 2021, the company has repurchased 4,900,000 shares, representing 2.15% for $425 million. With this, the company has completed the repurchase of 61,328,994 shares, representing 24.18% for $3,596.14 million under the buyback announced on November 2, 2018.

Positive

Seagate Technology Holdings plc, $ 0.70, Cash Dividend, Dec-21-2021

2021-10-22 00:00:00

Seagate Technology Holdings plc, $ 0.70, Cash Dividend, Dec-21-2021

Neutral

The Benchmark Company, LLC., Benchmark Company Virtual Technology Conference, Nov 17, 2021

2021-10-21 17:00:00

The Benchmark Company, LLC., Benchmark Company Virtual Technology Conference, Nov 17, 2021.

Neutral

Seagate Technology Holdings plc has filed a Shelf Registration in the amount of $1.774323 billion.

2021-10-20 00:00:00

Seagate Technology Holdings plc has filed a Shelf Registration in the amount of $1.774323 billion. Security Name: Ordinary shares Securities Offered: 21,872,822 Transaction Features: ESOP Related Offering

Positive

Seagate Technology Holdings Public Limited Company and Its Subsidiary Seagate Hdd Cayman Enters into an Amendment to the Credit Agreement

2021-10-15 10:50:00

On October 14, 2021, Seagate Technology Holdings public limited company and its subsidiary Seagate HDD Cayman (the “Borrower”) entered into an amendment (the “Amendment”) to the Credit Agreement, dated as of February 20, 2019, by and among the Company, the Borrower, the lenders party thereto, and The Bank of Nova Scotia, as administrative agent (as amended from time to time, the “Credit Agreement”). The Amendment provides for a new term loan facility in the aggregate principal amount of $1,200.0 million to be extended in two tranches of $600.0 million each (“Term Loan A1” and “Term Loan A2”). The proceeds of the Term Loan A1 and Term Loan A2 may be used for general corporate purposes, to refinance/repay the Borrower’s existing Term Loan and to refinance/repay the Borrower’s Senior Notes due March 2022. Term Loan A1 and Term Loan A2 are guaranteed by the same guarantors that guarantee the existing obligations under the Credit Agreement. The Term Loan A1 is repayable in quarterly installments beginning on December 31, 2022 and is scheduled to mature on September 16, 2025. The Term Loan A1 will bear interest at a rate of LIBOR plus a variable margin ranging from 1.125% to 2.375% that will be determined based on the corporate credit rating of the Borrower or one of its parent entities. The Term Loan A2 is repayable in quarterly installments beginning on December 31, 2022 and is scheduled to mature on July 30, 2027. The Term Loan A2 will bear interest at a rate of LIBOR plus a variable margin ranging from 1.25% to 2.5% that will be determined based on the corporate credit rating of the Borrower or one of its parent entities. Term Loan A1 and Term Loan A2 were each drawn in full on the closing date for the Amendment. The current interest rate for Term Loan A1 has been set at LIBOR plus 1.625% and for Term Loan A2 at LIBOR plus 1.75%. On the closing date of the Amendment, the Borrower utilized part of the proceeds from Term Loan A1 to repay in full the $475.0 million principal amount outstanding under its existing Term Loan. Including this repayment, gross debt will increase by a total of $725.0 million.

Neutral

Seagate Technology Holdings plc Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 04:00 PM

2021-10-07 17:42:00

Seagate Technology Holdings plc Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 04:00 PM. Speakers: Gianluca Romano, Executive VP of Finance & CFO, John Morris, Senior VP & CTO, Shanye Hudson, Senior Vice President of Investor Relations & Treasury.

Neutral

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021

2021-10-07 09:16:00

Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021.

Neutral

Seagate Technology Holdings plc to Report Q1, 2022 Results on Oct 22, 2021

2021-10-05 20:05:00

Seagate Technology Holdings plc announced that they will report Q1, 2022 results Pre-Market on Oct 22, 2021

Neutral

Seagate Technology Holdings plc, Q1 2022 Earnings Call, Oct 22, 2021

2021-10-05 20:05:00

Seagate Technology Holdings plc, Q1 2022 Earnings Call, Oct 22, 2021

Neutral

StorONE Collaborates with Seagate to Offer High-Capacity Systems with an Attractive Total Cost of Ownership

2021-09-21 12:00:00

In the never-ending quest to keep data storage infrastructure costs down, IT professionals can again turn to StorONE and Seagate ® Technology to gain the upper hand. Beginning. StorONE offers a bundled solution with Seagate’s Exos ® AP5U84 helping lower total cost of ownership (TCO). StorONE’s S1:Enterprise Storage Platform combine with Exos AP enables customers to take a step-by-step approach to consolidation. Organizations can start using the solution as backup storage to reduce backup windows and meet even more stringent recovery requirements while lowering costs. Then they can use the same platform to later address archive, NAS, VMware and even database workloads. The platform’s built-in auto-tiering makes sure that performance-demanding workloads are satisfied while leveraging very cost-effective, high-capacity hard disks for less active data. While StorONE with Seagate’s Exos AP lowers TCO, it also maximizes data protection. First, StorONE writes all data to persistent media. The efficiency of the StorONE platform delivers high performance, cacheless architecture, without depending on a risky write cache. Second, the platform includes StorONE’s vRAID, which provides three plus drive redundancies and rapid high-density hard disk drive rebuilds.

Neutral

Zoom Selects Seagate’S Lyve Cloud

2021-08-31 13:00:00

Seagate Technology Holdings plc reached an agreement with Zoom that will soon enable the video conferencing company’s customers to use Seagate Lyve™ Cloud to store meeting recordings. When Zoom’s customers record their meetings, they will have the option to save these media files on Seagate’s S3 storage-as-a-service (STaaS) platform. Seagate’s always-on edge-to-cloud mass-storage Lyve Cloud is designed to overcome common storage challenges—unpredictable costs and complexity of storing, moving, and activating data at scale. The multiyear deal between Seagate and Zoom is for a Silicon Valley cloud location, with other options on the horizon.

Neutral

Seagate Technology Holdings plc, Annual General Meeting, Oct 20, 2021

2021-08-30 20:06:00

Seagate Technology Holdings plc, Annual General Meeting, Oct 20, 2021, at 16:00 Coordinated Universal Time. Location: InterContinental Hotel, Simmonscourt Road, Dublin Ireland Agenda: To elect as directors the following incumbent directors who shall retire in accordance with the Company’s Constitution and, being eligible, offer themselves for election; to approve, in an advisory, non-binding vote, the compensation of the Company’s named executive officers; to ratify, in a non-binding vote, the appointment of Ernst & Young LLP as the independent auditors of the Company for the fiscal year ending July 1, 2022 (“fiscal year 2022”), and authorize, in a binding vote, the Audit and Finance Committee (“Audit and Finance Committee”) of the Company’s Board of Directors (the “Board”) to set the auditors’ remuneration; to approve the Seagate Technology Holdings plc 2022 Equity Incentive Plan; and to conduct such other business properly brought before the meeting.

Neutral

Seagate Technology Holdings plc - Shareholder/Analyst Call

2021-08-30 20:06:00

Annual General Meeting of Shareholders

Negative

Seagate Technology Holdings plc Stephen J. Luczo to Retire as Director and Will Not Stand for Re-Election

2021-08-30 20:06:00

Seagate Technology Holdings plc announced that Stephen J. Luczo will retire as a director and will not stand for re-election at the AGM to be held on October 20, 2021.

Neutral

Seagate Technology Holdings plc Presents at Citi 2021 Global Technology Virtual Conference, Sep-14-2021 01:00 PM

2021-08-26 20:37:00

Seagate Technology Holdings plc Presents at Citi 2021 Global Technology Virtual Conference, Sep-14-2021 01:00 PM.

Neutral

Seagate Technology Holdings plc Presents at Deutsche Bank Technology Conference 2021, Sep-09-2021 03:50 PM

2021-08-26 20:37:00

Seagate Technology Holdings plc Presents at Deutsche Bank Technology Conference 2021, Sep-09-2021 03:50 PM.

Neutral

UBS Investment Bank, UBS Global TMT Virtual Conference, Dec 06, 2021 through Dec 08, 2021

2021-08-25 17:29:00

UBS Investment Bank, UBS Global TMT Virtual Conference, Dec 06, 2021 through Dec 08, 2021. Venue: New York, United States.

Positive

NI and Seagate Collaborate to Improve How Data Accelerates Autonomous Vehicle Technology

2021-07-27 13:58:00

NI and Seagate Technology Holdings announced a new collaboration to enhance data storage and transfer services, including a first-of-its-kind advanced driver-assistance systems (ADAS) record offering. The announcement was made during NI Connect, the test and measurement company’s premiere digital event for engineers. The new ADAS record offering combines NI’s high performance in-vehicle data logging systems with Seagate’s data transfer and edge storage services, enabling original equipment manufacturers (OEMs) and suppliers to efficiently leverage data to ensure the safety and reliability of the next generation of autonomous vehicles. The latest autonomous vehicles require more real road data than ever before, making efficient data storage all the more important. With this innovative ADAS record offering, OEMs and suppliers can modernize their data storage strategy from self-managed to storage as a service (StaaS), leading to reduced costs and efficient storage. The offering combines NI’s Data Record System AD in-vehicle data logger for ADAS and autonomous vehicles with Seagate’s Lyve™ Mobile edge storage and data transfer service. Seagate’s Lyve Mobile accelerates access to the data collected by autonomous vehicles for analysis and algorithm optimization. Lyve Mobile Array can be directly mounted to the vehicle’s trunk and can store all the data in real time. After the data logging ride has been completed, it can be transported to the closest edge data center and can directly transfer the data for immediate use. The collaboration between NI and Seagate is positioned to grow beyond this initial offering. Together, they plan to build a comprehensive portfolio for data storage and transfer from the vehicle to the cloud, allowing OEMs to share data more efficiently and reduce development time and cost. As NI’s preferred partner for in-vehicle storage, Seagate intends to provide world-class mass data storage solutions to complement and enhance NI’s offerings.

Positive

Seagate Technology Holdings plc Declares Quarterly Cash Dividend, Payable on October 6, 2021

2021-07-21 12:05:00

Seagate Technology Holdings plc declared a quarterly cash dividend of $0.67 per share, which will be payable on October 6, 2021 to shareholders of record as of the close of business on September 22, 2021. The payment of any future quarterly dividends will be at the discretion of the Board and will be dependent upon Seagate’s financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board.

Neutral

Seagate Technology Holdings plc Provides Earnings Guidance for the Fiscal First Quarter 2022

2021-07-21 12:05:00

Seagate Technology Holdings plc provided earnings guidance for the fiscal first quarter 2022. For the first quarter, the company expects revenue to be $3.1 billion, plus or minus $150 million.

Neutral

Tranche Update on Seagate Technology Holdings plc (NasdaqGS:STX)'s Equity Buyback Plan announced on November 2, 2018.

2021-07-21 08:10:00

From April 3, 2021 to July 2, 2021, the company has repurchased 3,000,000 shares, representing 1.31% for $254.08 million. With this, the company has completed the repurchase of 56,428,994 shares, representing 22.03% for $3,171.14 million under the buyback announced on November 2, 2018.

Positive

Seagate Technology Holdings plc, $ 0.67, Cash Dividend, Sep-21-2021

2021-07-21 00:00:00

Seagate Technology Holdings plc, $ 0.67, Cash Dividend, Sep-21-2021

Neutral

Seagate Technology Holdings plc to Report Q4, 2021 Results on Jul 21, 2021

2021-07-12 20:05:00

Seagate Technology Holdings plc announced that they will report Q4, 2021 results Pre-Market on Jul 21, 2021

Neutral

Seagate Technology Holdings plc, Q4 2021 Earnings Call, Jul 21, 2021

2021-07-12 20:05:00

Seagate Technology Holdings plc, Q4 2021 Earnings Call, Jul 21, 2021

Fundamental Summary

Seagate released impressive Q1 results on 2022-04-28. Their growth and income factors indicate a well-executed and balanced strategy, which is generating exciting growth. There should be significant upside potential for the stock looking forward. As such, Seagate received an overall score of 76 and a HOLD recommendation.

Seagate reported earnings results for the third quarter and nine months ended April 01, 2022. For the third quarter, the company reported sales was USD 2,802 million compared to USD 2,731 million a year ago. Net income was USD 346 million compared to USD 329 million a year ago. Basic earnings per share from continuing operations was USD 1.59 compared to USD 1.41 a year ago. Diluted earnings per share from continuing operations was USD 1.56 compared to USD 1.39 a year ago.For the nine months, sales was USD 9,033 million compared to USD 7,668 million a year ago. Net income was USD 1,373 million compared to USD 832 million a year ago. Basic earnings per share from continuing operations was USD 6.18 compared to USD 3.38 a year ago. Diluted earnings per share from continuing operations was USD 6.08 compared to USD 3.34 a year ago.

Business Description

Seagate provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie and Maxtor brand names; desktop drives; notebook drives, DVR HDDs, and gaming SSDs. In addition, it provides Lyve edge-to-cloud mass capacity platform. The company sells its products primarily to OEMs, distributors, and retailers. Seagate was founded in 1978 and is based in Dublin, Ireland.

Sector Overview

Seagate is included in the Technology Hardware, Storage & Peripherals according to GICS (global industry classification standard). The Technology Hardware, Storage & Peripherals industry is part of the Information Technology sector. It includes manufacturers of mobile phones, PCs, servers, electronic computer components and peripherals. Seagate's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 9,145.0 -2.5% 80
Liabilities 8,724.0 -1.4% 60
Price to Book 45.1 -4.2% 52
Cash & Equivalents 1,138.0 -25.9% 46
Equity 421.0 -20.0% 58
EBITDA 2,538.0 2.3% 69
Total Revenues 12,046.0 0.6% 83
Parameter Value Change Score
Return on Equity 409.9 69.1% 90
Net Cashflow -74.0 72.0% 64
Capital Expenditure -433.0 0.7% 76
Asset Turnover 1.4 4.1% 79
Free Cashflow 6.8 7.9% 77

* All values are TTM

The below chart reflects Seagate's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Seagate's peer average final assessment score stands on 74.0, Seagate's score is 76.

  •  STX
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Apple Inc. 2.3T 53 74 84
Hold
75
75 0 1
Western Digital Corporation 14.9B 59 82 70
Hold
76
76 1 1
NetApp, Inc. 14.9B 62 70 55
Hold
61
61 2 1
Xerox Holdings Corporation 2.5B 62 69 69
Hold
69
69 3 1
Super Micro Computer, Inc. 2.2B 93 69 62
Buy
81
81 4 1
Corsair Gaming, Inc. 1.4B 52 71 40
Underperform
48
48 5 1
Stratasys Ltd. 1.3B 57 58 55
Underperform
50
50 6 1
Avid Technology, Inc. 1.2B 49 75 74
Hold
68
68 7 1
Dell Technologies Inc. 37.2B 54 69 72
Hold
66
66 8 1
HP Inc. 36.5B 95 73 57
Buy
82
82 9 1
Hewlett Packard Enterprise Company 18.4B 63 73 66
Hold
70
70 10 1
Pure Storage, Inc. 8.0B 55 71 95
Buy
81
81 11 1
3D Systems Corporation 1.3B 45 67 55
Underperform
50
50 12 1
IonQ, Inc. 957.0M 37 43 82
Underperform
44
44 13 1
Nano Dimension Ltd. 834.0M 82 45 70
Hold
69
69 14 1
Canaan Inc. 600.4M 81 64 57
Hold
68
68 15 1
CompoSecure, Inc. 441.4M 59 58 58
Underperform
53
53 16 1
Eastman Kodak Company 419.9M 58 68 57
Underperform
58
58 17 1
Coolpad Group Limited 275.6M 53 80 58
Underperform
58
58 18 1
Turtle Beach Corporation 227.4M 67 69 60
Hold
68
68 19 1
Diebold Nixdorf, Incorporated 190.3M 54 72 53
Underperform
57
57 20 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Seagate's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Seagate's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.

Bearish 47
Close Price 74.21
52W Low 70.75
52W High 116.02
5D MA 72.68
50D MA 80.87
200D MA 93.23
MACD -2.9
RSI 18.37
STOCH 25.18

Balance Sheet Analysis

Seagate's most recent balance sheet report was not encouraging. Seagate's management did a relatively poor job managing cash and cash equivalents, which now sit at 1138.0 and represents a -25.9% change from the last reporting period. This performance is significantly less impressive than its peers and competitors. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their cash and cash equivalents with a score of 46. Also, Seagate publishes discouraging results related to book value factors in this report. As of the current filing, price to book ratio (P/B) was reported as 45.1, representing a -4.2% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 8.8%. Their book value factor metrics are even more concerning when compared to their peers. Disappointing results in book value factors typically precede negative pressure in stock prices, so its book value factors received a grade of 52. On the other hand, Assets, jumped out as looking rather positive. Seagate's management was effective in managing the value of the assets on their balance sheet, which now sits at 9145.0 and represents a -2.5% change from the previous report. These results, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Therefore, its asset component earned a score of 80. Consequently, their balance sheet earned a rank of 56.

Parameter Value Change Score
Assets 9,145.0 -2.5% 80
Liabilities 8,724.0 -1.4% 60
Price to Book 45.1 -4.2% 52
Cash & Equivalents 1,138.0 -25.9% 46
Equity 421.0 -20.0% 58
* All values are TTM

The below chart describes Seagate's performance as reflected on its balance sheet with respect to its peers. While Seagate received a balance sheet score of 56, the average of its peers stands on 71.0.

  •  STX
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Apple Inc. 2.3T 50 80 60 46 56 53 0 1
Western Digital Corporation 14.9B 60 77 55 68 62 59 1 1
NetApp, Inc. 14.9B 78 67 60 67 52 62 2 1
Xerox Holdings Corporation 2.5B 67 77 60 58 56 62 3 1
Super Micro Computer, Inc. 2.2B 89 62 93 70 90 93 4 1
Corsair Gaming, Inc. 1.4B 50 72 64 38 63 52 5 1
Stratasys Ltd. 1.3B 58 81 47 88 54 57 6 1
Avid Technology, Inc. 1.2B 52 82 43 45 59 49 7 1
Dell Technologies Inc. 37.2B 56 80 57 44 55 54 8 1
HP Inc. 36.5B 71 73 97 91 92 95 9 1
Hewlett Packard Enterprise Company 18.4B 52 78 73 46 67 63 10 1
Pure Storage, Inc. 8.0B 42 82 62 66 57 55 11 1
3D Systems Corporation 1.3B 57 80 46 38 45 45 12 1
IonQ, Inc. 957.0M 38 74 53 37 49 37 13 1
Nano Dimension Ltd. 834.0M 96 85 59 48 60 82 14 1
Canaan Inc. 600.4M 76 62 88 67 83 81 15 1
CompoSecure, Inc. 441.4M 58 64 66 44 82 59 16 1
Eastman Kodak Company 419.9M 67 70 55 53 66 58 17 1
Coolpad Group Limited 275.6M 48 86 47 63 45 53 18 1
Turtle Beach Corporation 227.4M 39 80 69 86 67 67 19 1
Diebold Nixdorf, Incorporated 190.3M 65 83 43 40 56 54 20 1

Income Statement Analysis

Seagate appears likely to maintain its strong income statement metrics and momentum going forward. Seagate's reported return on equity (ROE) ratio was 409.9, representing a change of 69.1%. Its return factor metrics are even more remarkable when compared to their peers. Consequently, their return factors received a grade of 90. Also, Seagate's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 18.5%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. As a result, its revenue efficiency earned a score of 83. However, one discouraging result, EBITDA, stood out. Seagate's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as 2538.0, which represents a 2.3% change from the last period. This metric might have a 13.2 percent impact on companies in the same industry and with the same market capitalization. Their EBITDA metrics are even more problematic when compared to their peers. Therefore, their EBITDA component earned a score of 69. As the companie's management is doing an excellent job managing the critical metrics, the income statement was given a score of 79.

Parameter Value Change Score
EBITDA 2,538.0 2.3% 69
Total Revenues 12,046.0 0.6% 83
Return on Equity 409.9 69.1% 90
* All values are TTM

The below chart describes Seagate's performance as reflected on its income statement with respect to its peers. While Seagate received a income statement score of 79 , the average of its peers stands on 72.0.

  •  STX
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Apple Inc. 2.3T 76 67 79 74 0 1
Western Digital Corporation 14.9B 80 83 71 82 1 1
NetApp, Inc. 14.9B 76 63 52 70 2 1
Xerox Holdings Corporation 2.5B 88 46 45 69 3 1
Super Micro Computer, Inc. 2.2B 43 95 95 69 4 1
Corsair Gaming, Inc. 1.4B 97 41 39 71 5 1
Stratasys Ltd. 1.3B 61 48 81 58 6 1
Avid Technology, Inc. 1.2B 79 68 69 75 7 1
Dell Technologies Inc. 37.2B 68 65 82 69 8 1
HP Inc. 36.5B 81 61 64 73 9 1
Hewlett Packard Enterprise Company 18.4B 85 56 61 73 10 1
Pure Storage, Inc. 8.0B 46 97 96 71 11 1
3D Systems Corporation 1.3B 91 38 42 67 12 1
IonQ, Inc. 957.0M 37 47 61 43 13 1
Nano Dimension Ltd. 834.0M 37 46 73 45 14 1
Canaan Inc. 600.4M 38 93 77 64 15 1
CompoSecure, Inc. 441.4M 51 69 53 58 16 1
Eastman Kodak Company 419.9M 75 61 49 68 17 1
Coolpad Group Limited 275.6M 98 58 63 80 18 1
Turtle Beach Corporation 227.4M 96 41 42 69 19 1
Diebold Nixdorf, Incorporated 190.3M 92 42 73 72 20 1

Cash Flow Analysis

Overall, Seagate's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Seagate's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Seagate recorded asset turnover of 1.4, which represents a 4.1% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 10.7 percent by this parameter. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. The company's asset turnover movement, therefore, received a grade of 79. Also, Seagate's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Seagate recorded free cash flow of 6.8, which represents a 7.9% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 7.4%. The company's free cash flow metrics are especially strong compared to its peers. Management seems to balance cash flow management, asset growth, and resource allocations in general. Consequently, their free cash flow movement received a grade of 77. However, one discouraging result, Net Cash Flow, stood out. Seagate's produced underwhelming cash flow numbers in this filing. Net cash flow was reported as -74.0, which is a 72.0% change from the last report. Their net cash flow momentum should be a cause for concern and could bring negative momentum for Seagate's stock price going forward. Hence, their net cash flow earned a score of 64. Therefore, their cash flow earned a grade of 76.

Parameter Value Change Score
Net Cashflow -74.0 72.0% 64
Capital Expenditure -433.0 0.7% 76
Asset Turnover 1.4 4.1% 79
Free Cashflow 6.8 7.9% 77
* All values are TTM

The below chart describes Seagate's performance as reflected on its cash flow with respect to its peers. While Seagate received a cash flow score of 76, the average of its peers stands on 71.0.

  •  STX
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Apple Inc. 2.3T 76 75 68 91 84 0 1
Western Digital Corporation 14.9B 65 82 54 70 70 1 1
NetApp, Inc. 14.9B 77 58 37 53 55 2 1
Xerox Holdings Corporation 2.5B 59 64 77 75 69 3 1
Super Micro Computer, Inc. 2.2B 51 51 90 68 62 4 1
Corsair Gaming, Inc. 1.4B 50 37 48 46 40 5 1
Stratasys Ltd. 1.3B 83 37 77 51 55 6 1
Avid Technology, Inc. 1.2B 58 59 45 94 74 7 1
Dell Technologies Inc. 37.2B 68 50 68 85 72 8 1
HP Inc. 36.5B 56 59 60 59 57 9 1
Hewlett Packard Enterprise Company 18.4B 77 52 62 71 66 10 1
Pure Storage, Inc. 8.0B 94 91 64 97 95 11 1
3D Systems Corporation 1.3B 58 40 61 65 55 12 1
IonQ, Inc. 957.0M 69 66 54 98 82 13 1
Nano Dimension Ltd. 834.0M 69 70 74 55 70 14 1
Canaan Inc. 600.4M 67 69 73 46 57 15 1
CompoSecure, Inc. 441.4M 77 76 46 48 58 16 1
Eastman Kodak Company 419.9M 84 50 50 54 57 17 1
Coolpad Group Limited 275.6M 59 74 79 43 58 18 1
Turtle Beach Corporation 227.4M 87 38 87 51 60 19 1
Diebold Nixdorf, Incorporated 190.3M 38 38 59 72 53 20 1

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