STX Stock Recent News

FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (“Seagate”) (NASDAQ: STX) today announced the early results of the previously announced (i) offers to certain Eligible Holders (as defined below) to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes of the following eight series issued by Seagate HDD Cayman (“Seagate HDD”) (the “Old Notes”) for new notes to be issued by Seagate Data Storage Technology Pte. Ltd. (“SDST”) (th.

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Seagate is at a critical inflection point, driven by HAMR commercialization and surging AI-induced storage demand, supporting my strong buy thesis. HAMR technology positions Seagate as an industry leader, unlocking multi-billion-dollar opportunities and significant margin expansion as cloud and AI workloads grow. Despite recent stock rallies, Seagate remains deeply undervalued on key multiples, with a DCF-based intrinsic value of $174, offering substantial upside.

Toronto, Ontario--(Newsfile Corp. - Le 3 juin/June 2025) - The common shares of Starrex International Ltd. will be delisted from the CSE at market close today, June 3, 2025.

SPY jumped 6.3% in May, the most in decades, led by standout gains in NRG, STX, CEG, PODD and MCHP amid easing trade fears.

Seagate offers a rare combination of a PEG under 1, double-digit growth, and innovative products in a duopoly market. The explosion of global data, fueled by AI and high-resolution content, is driving strong demand for Seagate's storage solutions. Seagate's leadership in HAMR technology positions it as a key innovator, enabling higher storage density and future growth.

Seagate (STX) reported earnings 30 days ago. What's next for the stock?

Seagate Technology Holdings plc (NASDAQ:STX ) TD Cowen's 53rd Annual Technology, Media & Telecom Conference May 28, 2025 11:25 AM ET Company Participants Gianluca Romano - Executive Vice President and Chief Financial Officer Conference Call Participants Krish Sankar - TD Cowen Krish Sankar I'm Krish Sankar with TD Cowen, and the next company presenting is Seagate. We're fortunate to have Gianluca Romano, the CFO.

FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage, today hosted its 2025 Investor and Analyst Event and outlined the Company's clear strategy to capture growth opportunities ahead, drive profitability and build long-term value for customers and shareholders. “Technology innovation and AI are fueling exponential data growth and driving demand for the hard drive storage industry. Seagate today is uniquely positioned.

Seagate continues to beat earnings estimates, driven by robust cloud and AI storage demand, and maintains momentum with strong Q3 results and positive Q4 guidance. HDD demand remains resilient despite SSD competition, with Seagate's leadership and new HAMR technology supporting future growth and higher-capacity drives. Valuation is attractive with a forward P/E below the sector median and a solid dividend yield, but shares are less compelling at current elevated prices.