Welcome to our dedicated page for Seagate Technology Holdings PLC Ordinary Shares (Ireland) news (Ticker: STX), a resource for investors and traders seeking the latest updates and insights on Seagate Technology Holdings PLC Ordinary Shares (Ireland) stock.
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 (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.
Seagate Technology Holdings (NASDAQ: STX) announced the retirement of Stephen J. Luczo from its Board of Directors, effective October 20, 2021. Luczo has been affiliated with Seagate for 28 years, serving as Board Chair from 2002 to 2020 and holding various leadership roles including CEO. His tenure is recognized for significant contributions to Seagate's technological advancements, bolstering its position as an industry leader in mass-data storage. The company appreciates Luczo's dedication and leadership during his time at the helm.
Seagate Technology (NASDAQ: STX) launched its Star Wars™ Beskar™ Ingot Drives, the first collectible branded drives inspired by the Star Wars franchise, just in time for the holiday season. The collection includes various formats such as M.2 NVMe, 2.5-inch SATA, and external HDDs, appealing to gamers and Star Wars enthusiasts. Prices range from $99.99 for the external HDD (2TB) to $259.99 for the 1TB SSD. Each drive features the iconic Beskar design and comes with a five-year warranty plus three years of data recovery services, enhancing consumer confidence.
FAQ
What is the current stock price of Seagate Technology Holdings PLC Ordinary Shares (Ireland) (STX)?
What is the market cap of Seagate Technology Holdings PLC Ordinary Shares (Ireland) (STX)?
What does Seagate Technology Holdings PLC do?
When was Seagate Technology founded?
Where is Seagate Technology headquartered?
What is Seagate's market position?
What is HAMR technology?
How many employees does Seagate have?
What recent achievements has Seagate accomplished?
How does Seagate contribute to the digital age?
What is Seagate's financial condition?
Who are Seagate's main competitors?
