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Seagate Technology Holdings PLC (Ireland) (symbol: STX) is a leading global company known for its precision-engineered data storage technologies. Founded in 1979, Seagate has consistently been at the forefront of innovation in the data storage industry. The company specializes in providing hard disk drives (HDDs) and other data storage solutions for both enterprise and consumer markets.
Seagate is a critical player in the data storage industry, forming a practical duopoly with its main competitor, Western Digital. Both companies are vertically integrated, meaning they manage nearly all aspects of production and distribution, ensuring high-quality and reliable products.
With a diverse workforce of 40,000 employees spread across key global hubs such as Silicon Valley, the United Kingdom, Singapore, India, and China, Seagate leverages its international presence to drive technological advancements and meet the growing demand for data storage solutions. The company's expertise in creating storage solutions that offer superior capacity, speed, safety, and performance makes it a preferred choice for businesses and consumers alike.
Seagate's recent achievements include advancements in HAMR (Heat-Assisted Magnetic Recording) technology, which promises to significantly enhance data storage density and efficiency. Moreover, Seagate is actively involved in developing edge and cloud storage solutions, thereby catering to the needs of modern data-centric applications and industries.
In terms of financial health, Seagate has consistently shown robust performance, reporting solid earnings and maintaining a stable financial outlook. The company has also established numerous partnerships with other technology firms to further enhance its product offerings and market reach.
Seagate remains committed to harnessing data to maximize human potential, continually pushing the boundaries of what is possible in data storage technology. As data continues to grow exponentially in today's digital age, Seagate's role in providing reliable and efficient storage solutions becomes increasingly essential.
Seagate Technology Holdings plc (NASDAQ: STX) announced participation in two upcoming virtual investor events. The first event is Deutsche Bank's Virtual Technology Conference on September 9, 2021, at 12:50 PM PT. The second is Citi's Global Technology Virtual Conference on September 14, 2021, at 10:00 AM PT. Live audio webcasts will be accessible on Seagate's Investor Relations website, with replay available for 30 days post-event. Seagate, a leader in data storage, has shipped over three billion terabytes of data capacity.
NI and Seagate Collaboration - NI (NASDAQ: NATI) and Seagate Technology (NASDAQ: STX) have launched a new collaboration to enhance data storage and transfer services for autonomous vehicles. This includes an innovative ADAS record offering that combines NI’s in-vehicle data logging systems with Seagate’s edge storage services. The partnership aims to reduce costs and optimize data handling, aligning with the growing data needs of autonomous vehicles.
Seagate Technology Holdings plc (STX) announced impressive financial results for Q4 and fiscal year 2021, achieving record revenues of $3.013 billion, the highest in six years. Strong demand in cloud storage drove a 20% year-over-year revenue increase. Non-GAAP EPS reached $2.00, compared to $1.20 in the prior year. The company generated $1.6 billion in cash flow from operations in FY 2021 and repurchased 33.6 million shares. A quarterly dividend of $0.67 per share has been declared, payable on October 6, 2021, reflecting solid financial health.
Seagate Technology Holdings plc (NASDAQ: STX) is set to release its fourth quarter and fiscal year 2021 financial results on July 21, 2021, before market opening. A conference call will be held that same day at 6:00 a.m. Pacific / 9:00 a.m. Eastern to discuss these results. This marks an important moment for investors as they await insights into the company's performance. Seagate, a leader in data storage solutions, has been innovating for over 40 years and has shipped over three billion terabytes of data capacity.
Seagate Technology Holdings plc (NASDAQ: STX) has raised its revenue and earnings guidance for Q4 FY2021, ending July 2, 2021. The CEO, Dave Mosley, attributes this increase to robust demand in mass capacity markets. The updated revenue forecast is $2.95 billion, up from $2.85 billion, with a non-GAAP EPS estimate of $1.85, compared to the previous $1.60. This revision reflects strong market conditions and Seagate's manufacturing agility amid changing demand.
Seagate Technology Holdings plc (NASDAQ: STX) will participate in two key virtual investor events in June 2021. The first is the Bank of America 2021 Global Technology Conference on June 8, 2021, at 8:30 AM PT / 11:30 AM ET. The second event is the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 10:20 AM PT / 1:20 PM ET. Investors can access the live audio webcasts on Seagate’s Investor Relations website and view replays for 30 days post-event.
Seagate, a leader in data storage solutions, has a history of over 40 years and has shipped more than three billion terabytes of data capacity.
Seagate Technology (NASDAQ: STX) reported impressive fiscal Q3 results ending April 2, 2021, with revenue reaching $2.731 billion, slightly up from $2.718 billion in Q3 2020. The company achieved non-GAAP EPS exceeding guidance, reflecting strong operational execution and high demand for nearline drives. CEO Dave Mosley highlighted a positive outlook for the June quarter, anticipating year-over-year revenue growth and enhanced profitability as data storage needs intensify globally.
Seagate Technology (NASDAQ: STX) will announce its fiscal third quarter 2021 financial results on April 22, 2021, after market close. The conference call for investors will begin at 1:30 p.m. Pacific / 4:30 p.m. Eastern. Investors can access the live audio webcast on Seagate's Investor Relations website.
With over 40 years in data storage solutions, Seagate has shipped over three billion terabytes of data capacity, positioning itself as a leader in the technology sector.
Seagate Technology (NASDAQ: STX) has launched Lyve™ Data Transfer Services, featuring a fleet of Lyve Mobile data shuttles and a flexible on-demand purchasing model. This service enables businesses to transfer large data volumes securely and efficiently between storage locations, vital as enterprise data is projected to grow by 42.2% annually over the next two years. Customers can access these services through a scalable subscription model, optimizing storage costs and enhancing data management.
Seagate Technology (NASDAQ: STX) has appointed Shankar Arumugavelu to its Board of Directors, effective March 19, 2021. He will also serve on the Audit and Finance Committee. Arumugavelu, currently CIO at Verizon, brings extensive experience in IT strategy and enterprise transformation. His expertise aligns with Seagate's focus on leveraging data in mass capacity markets. The appointment aims to enhance the company’s innovative efforts in data storage and management solutions.
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