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The S&P 500 returns to positive territory in 2025, driven by tech stocks. We highlight five tech stocks leading the rally in the ETF.
FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage, today announced that management is scheduled to participate in the following investor events: Event: TD Cowen 53rd Annual Technology, Media & Telecom Conference on Wednesday, May 28, 2025 Details: Presentation at 8:25 AM PT / 11:25 AM ET and hosting investor meetings Event: Bank of America Securities 2025 Global Technology Conference on Tuesday, June 3, 2025.
FREMONT, Calif.--(BUSINESS WIRE)--Seagate Data Storage Technology Pte. Ltd. (the “Company”), a subsidiary of Seagate Technology Holdings plc (NASDAQ: STX) (“Seagate”), today announced the pricing of the private offering of $400.0 million aggregate principal amount of senior notes due 2030 (the “Notes”). The Notes will be guaranteed by Seagate, Seagate Technology Unlimited Company and Seagate HDD Cayman. The Notes were priced at 100% of the aggregate principal amount and will bear interest at 5.
FREMONT, Calif.--(BUSINESS WIRE)--Seagate Data Storage Technology Pte. Ltd. (the “Company”), a subsidiary of Seagate Technology Holdings plc (NASDAQ: STX) (“Seagate”), today announced that the Company intends to offer, subject to market and other conditions, $400.0 million in aggregate principal amount of senior notes due 2030 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amende.
BS Teh, Seagate's chief commercial officer, told CNBC that the company is aiming to launch a 100-terabyte hard drive by 2030. The largest hard disk drive Seagate currently produces is the 36-terabyte Exos M model, which it launched in January.
Seagate's strong Q3 earnings and minimal tariff impact have driven a 10% post-earnings stock surge, recouping all YTD losses and pushing shares up for the year. The company benefits from robust AI-driven datacenter demand, leading to significant y/y growth and larger storage module shipments. Seagate's fiscal Q4 outlook calls for 20-30% y/y growth and a possible improvement in margin, surpassing Wall Street's 16% y/y expectations and reducing uncertainty around tariff impacts.
S&P 500 Gains and Losses Today: Seagate Technology Stock Jumps as Earnings Underscore Storage Demand
Major U.S. equities indexes ended the midweek trading session mixed as stocks rallied late in the day.
The data-storage company says it expects demand for hard disk drives to remain strong throughout the year.
Fueled by increased nearline cloud demand, STX's fiscal Q3 2025 top line grows 31% year over year. Enhanced margins positively impact the bottom line.
Seagate Technology Holdings plc (NASDAQ:STX ) Q3 2025 Earnings Conference Call April 1, 2025 5:00 PM ET Company Participants Shanye Hudson - Senior Vice President, Investor Relations Dave Mosley - Chief Executive Officer Gianluca Romano - Chief Financial Officer Conference Call Participants Erik Woodring - Morgan Stanley Asiya Merchant - Citi Group C.J. Muse - Cantor Fitzgerald Wamsi Mohan - Bank of America Hadi Orabi - TD Cowen Amit Daryanani - Evercore ISI Jacob Wilhelm - Wells Fargo Vijay Rakesh - Mizuho Timothy Arcuri - UBS Ananda Baruah - Loop Capital Thomas O'Malley - Barclays Tristan Gerra - Baird Mark Miller - The Benchmark Company Operator Welcome to the Seagate Technology Fiscal Third Quarter 2025 Conference Call.