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Seagate Technology Holdings Plc (NASDAQ: STX) |
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Price: $794.5301
$-14.01 
-1.733%
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| Day's High:
| $801
| Week Perf:
| -4.25 %
|
| Day's Low: |
$ 763.55 |
30 Day Perf: |
-5.15 % |
| Volume (M): |
1,315,688 |
52 Wk High: |
$ 1,145.00 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$516.68 |
| Open: |
$796.00 |
52 Wk Low: |
$175.82 |
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| Market Capitalization (Millions $) |
181,947 |
| Shares
Outstanding (Millions) |
229 |
| Employees |
30,000 |
| Revenues (TTM) (Millions $) |
12,195 |
| Net Income (TTM) (Millions $) |
3,184 |
| Cash Flow (TTM) (Millions $) |
254 |
| Capital Exp. (TTM) (Millions $) |
569 |
Business Description
Overview of Seagate Technology Holdings Plc
Seagate Technology Holdings Plc is a leading provider of electronic data storage products and solutions, known primarily for its innovative hard disk drives (HDDs). The company focuses on a diverse range of data storage technologies that cater to enterprise, client compute, and client non-compute markets, offering products that combine performance, reliability, and cost-effectiveness.
Key Products and Technologies
1. Hard Disk Drives (HDDs):
- HDDs are core to Seagate’s product lineup, designed to store digitally encoded data on rapidly rotating disks with magnetic surfaces. They remain the primary medium for mass data storage owing to their high performance and capacity.
2. Solid State Hybrid Drives (SSHD):
- Combining HDD technology with solid-state components, SSHDs offer enhanced speed and performance for applications that require a balance between capacity and efficiency.
3. Solid State Drives (SSDs):
- Seagates SSDs are designed for high-performance computing applications, providing faster data access and lower latency compared to traditional HDDs.
Application Areas
Seagates products are divided primarily into three application categories:
- Enterprise Storage: Targeting mission-critical and nearline applications, enterprise solutions focus on high performance and reliability, which are essential for data centers, server farms, and cloud storage providers. As businesses transition their network traffic to dedicated storage area networks, there’s an increasing focus on energy-efficient, compact solutions.
- Client Compute: Products designed for desktop and notebook computers cater to the growing market for personal computing. The adoption of cloud storage is driving demand, as some applications now require less onboard storage.
- Client Non-Compute: This category includes storage solutions for consumer electronics such as gaming consoles, digital video recorders (DVRs), and external storage devices. The growth of high-definition content and digital media is leading to increased storage capacity requirements in this segment.
Technological Expertise
Seagate invests heavily in research and development to maintain its competitive edge, focusing on several technology platforms that enhance the areal density of media and improve read/write head technologies. Key characteristics of the disk drives manufactured include:
- Storage Capacity: Measured in gigabytes (GB) or terabytes (TB), this indicates the total data storage capability of a given disk drive.
- Spindle Rotation Speed: Expressed in revolutions per minute (RPM), this affects the speed of data access.
- Performance Metrics: These include interface transfer rates, average seek times, and input/output operations per second (IOPS).
Market Dynamics
Seagate operates in a highly competitive landscape, contending with other leading manufacturers, including:
- Western Digital Corporation: Another major player in data storage technology, operating under various brand names.
- Toshiba Corporation: Known for its own line of HDDs and SSDs.
In addition to direct HDD competitors, there is significant competition from companies producing alternative storage solutions such as flash memory and SSDs. This competitive environment entails several critical factors for differentiation, including:
- Product Quality and Reliability
- Time-to-Market
- Pricing Strategies
- Customer Support and Warranty Programs
Industry Trends and Challenges
The electronic data storage industry is characterized by several formidable trends and challenges:
1. Price Erosion: Price declines for comparable disk drive products have occurred historically during economic downturns, leading manufacturers to seek ways to innovate and improve product mix.
2. Rapid Technological Evolution: The fast-paced advancement of storage technology necessitates consistent investment in R&D to keep up with product lifecycle changes and to introduce new technologies, which can present challenges in terms of returns on investment.
3. Shifting Consumer Needs: The rise of cloud computing and media-rich applications is reshaping storage requirements, compelling manufacturers to adapt their products to meet new demands for larger capacity as well as lower cost-per-gigabyte solutions.
Conclusion
Seagate Technology Holdings Plc stands at the forefront of the electronic data storage industry with a comprehensive range of products that cater to various applications and markets. The company’s commitment to R&D and its ability to adapt to changing market dynamics ensure its competitiveness in an industry characterized by rapid advancements and evolving consumer requirements. As enterprises and individuals continue to generate and rely on vast amounts of data, Seagate’s innovations in storage technology position it as a vital player in the future of data storage solutions.
Company Address: 121 Woodlands Avenue 5 Zagreb 739009 City of Zagreb
Company Phone Number: 6018-2562 Stock Exchange / Ticker: NASDAQ STX
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Customers Net Income grew by |
STX's Customers Net Profit Margin grew to |
27.46 % |
20.84 %
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| Business Update
Published Wed, Nov 20 2024 5:05 AM UTC
Fostering Innovation and Sustainability: Seagate Technology Prepares for Key Investor Events While Advancing Circularity and Environmental InitiativesIn a dynamic confluence of technological innovation and sustainable practices, Seagate Technology Holdings plc (NASDAQ: STX), a prominent leader in mass-capacity data storage solutions, has revealed its participation in signif...
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| Stocks on the Move
Published Wed, Aug 7 2024 6:17 PM UTC
Seagate Technology Holdings Plc, a prominent technology company listed on the NASDAQ exchange under ticker code STX, experienced underperformance in its stock on July 19th, 2024. This marked the fourth consecutive day of losses for the company, causing investors to take notice.However, despite this setback, financial analysts and industry experts have a positive outlook for ...
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| Business Update
Published Mon, Aug 5 2024 10:47 PM UTC
Seagate Technology plc (NASDAQ: STX), a prominent player in the mass-capacity data storage industry, has announced the launch of its e-commerce website in Canada, coinciding with a sitewide discount to encourage customer engagement. This expansion follows a successful rollout of the U.S. online store in February 2024. The Canadian site is tailored to serve both English and F...
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| Stocks on the Move
Published Fri, Jul 12 2024 11:02 AM UTC
Seagate Technology Holdings Plc Faces Tough Week as Shares Trail Market PerformanceIn the past week, Seagate Technology Holdings Plc has seen its shares underperform the overall market, lagging behind its competitors on the CSIMarkets index. This downward trend raises concerns about the company s performance and its ability to stay competitive in the industry.One event that ...
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| Business Update
Published Tue, Jun 18 2024 3:47 PM UTC
Seagate and eBay Join Forces to Expand Hard Drive Circularity Program: A Step Towards Sustainable Data StorageIn a bid to enhance the adoption of sustainable practices in the digital storage industry, Seagate Technology Holdings plc, a leading innovator of mass-capacity data storage, has forged a partnership with global e-commerce giant, eBay. This collaboration aims to ampl...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
13.95 $ |
| Revenues (TTM) |
53.25 $
|
| Cash Flow (TTM) |
1.11 $ |
| Cash |
7.45 $
|
| Book Value |
9.46 $
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| Dividend (TTM) |
2.94 $ |
| Efficiency
|
Current |
| Revenue per Employee
(TTM) |
406,500 |
| Net
Income per Employee (TTM) |
106,133 |
| Receivable Turnover Ratio (TTM) |
10.24 |
| Inventory Turnover Ratio (TTM) |
4.4 |
| Asset Turnover Ratio (TTM) |
1.12 |
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| Per Share |
|
| Earnings (TTM) |
13.95 $
|
| Revenues (TTM) |
53.25 $ |
| Cash Flow (TTM) |
1.11 $ |
| Cash |
7.45 $
|
| Book Value |
9.46 $ |
| Dividend (TTM) |
2.94 $ |
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| United States |
|
 169.36 % |
of total Revenue |
| Singapore |
|
134.47 % |
of total Revenue |
| Netherlands |
|
32.1 % |
of total Revenue |
| Other Countries |
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0.11 % |
of total Revenue |
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On January 24 2024 the Seagate Technology Holdings Plc provided following guidance
storage demand, strength in our high-performance computing and enterprise SSDs, and disciplined operational execution.
Financial Highlights (Compared to the Prior Year Quarter):
- Revenue of $3.3 billion, representing a 7% increase.
- Non-GAAP gross margin of 29.4%, up 2.2 percentage points.
- Non-GAAP net income of $350 million, compared to a net loss of $250 million.
- Non-GAAP diluted earnings per share (EPS) of $1.15, compared to a loss per share of $0.82.
Other Key Highlights:
- Improved cloud nearline storage demand: Seagate saw strong growth in demand for its cloud nearline storage solutions, driven by the increasing need for data storage in cloud-based environment...
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1.16%