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The latest announcement is out from Seagate Tech ( (STX) ).
On January 21, 2025, Seagate announced its fiscal second quarter results for 2025, reporting a revenue increase to $2.33 billion and a GAAP diluted EPS of $1.55. The company achieved a decade-high gross margin and declared a quarterly cash dividend of $0.72 per share, payable on April 2, 2025. Seagate is optimistic about delivering profitable growth in fiscal 2025 with the advancement of its technology and product offerings, particularly in HAMR-based Mozaic products.
More about Seagate Tech
Seagate Technology is a leading innovator in the mass-capacity data storage industry, providing a wide range of storage devices, systems, and services from edge to cloud. Founded over 45 years ago, the company has shipped over four billion terabytes of data capacity, emphasizing scalable, cost-efficient, and sustainable storage solutions.
YTD Price Performance: 13.06%
Average Trading Volume: 2,681,985
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $20.66B
For an in-depth examination of STX stock, go to TipRanks’ Stock Analysis page.
