NASDAQ:STX - Nasdaq - IE00BKVD2N49 - Common Stock
SEAGATE TECHNOLOGY HOLDINGS
NASDAQ:STX (1/21/2025, 8:00:00 PM)
After market: 105.6 +4.35 (+4.3%)101.25
+3.58 (+3.67%)
Industry Rank | Sector Rank | ||
---|---|---|---|
PM (TTM) | 11.34% | ||
ROA | 10.34% | ||
ROE | N/A | ||
Debt/Equity | N/A |
STX earnings call for the period ending December 31, 2024.
While the top- and bottom-line numbers for Seagate (STX) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Seagate (STX) delivered earnings and revenue surprises of 7.98% and 0.64%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?
Data storage manufacturer Seagate (NASDAQ:STX) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 49.5% year on year to $2.33 billion. On the other hand, next quarter’s revenue guidance of $2.1 billion was less impressive, coming in 4.9% below analysts’ estimates. Its non-GAAP profit of $2.03 per share was 8.1% above analysts’ consensus estimates.
Seagate Technology Holdings Plc operates as holding company that is engaged in the development, production, and distribution of data storage products and electronic data storage solutions. The company employs 30,000 full-time employees The company went IPO on 2002-12-11. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives (HDDs). In addition to HDDs, the Company produces a range of data storage products, including solid state drives (SSDs), solid state hybrid drives, storage subsystems, as well as a scalable edge-to-cloud mass data platform. Its HDD products are designed for mass capacity storage and legacy markets. Mass capacity storage involves use cases, such as hyperscale data centers and public clouds, as well as emerging use cases. The Company’s HDD and SSD product portfolio includes Serial Advanced Technology Attachment, Serial Attached SCSI and Non-Volatile Memory Express based designs to support a variety of mass capacity and legacy applications. Its systems portfolio includes storage subsystems for enterprises, cloud service providers, scale-out storage servers and original equipment manufacturers.
SEAGATE TECHNOLOGY HOLDINGS
121 Woodlands Avenue 5
DUBLIN DUBLIN D02 NX53 SG
CEO: William D. Mosley
Employees: 30000
Company Website: https://investors.seagate.com/overview/default.aspx
Investor Relations: http://investors.seagate.com/overview/default.aspx
Phone: 6564125172
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