Seagate’s first quarter performance received a positive reception from the market, reflecting strong demand for its mass capacity storage products and effective execution on product transitions. Management attributed the results to increased cloud customer orders, particularly for nearline hard drives, and the successful ramp-up of advanced drive technologies. CEO Dave Mosley noted, “Our supply discipline, the visibility we gain through our build-to-order strategy, and our execution on strategic pricing actions all contribute to sustainable and profitable growth over the long-term.” The company also highlighted enhanced operating margins, driven by a richer sales mix and ongoing cost controls.
Each stock in this article is trading near its 52-week high.
These elevated prices usually indicate some degree of investor confidence, business improvements, or favorable market conditions.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Seagate Technology (NASDAQ:STX) and the rest of the semiconductors stocks fared in Q1.
Stay informed about the performance of the S&P500 index in the middle of the day on Monday. Uncover the top gainers and losers in today's session for valuable insights.
Mid-cap stocks often strike the right balance between having proven business models and market opportunities that can support $100 billion corporations.
However, they face intense competition from scaled industry giants and can be disrupted by new innovative players vying for a slice of the pie.
Let's delve into the developments on the US markets in the middle of the day on Wednesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
In a sliding market, Seagate Technology has defied the odds, trading up to $123.86 per share. Its 26.9% gain since December 2024 has outpaced the S&P 500’s 1.9% drop. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Volatility cuts both ways - while it creates opportunities, it also increases risk, making sharp declines just as likely as big gains.
This unpredictability can shake out even the most experienced investors.
Let's have a look at what is happening on the US markets in the middle of the day on Friday. Below you can find the top S&P500 gainers and losers in today's session.
The S&P 500 (^GSPC) is home to the biggest and most well-known companies in the market, making it a go-to index for investors seeking stability.
But not all large-cap stocks are created equal - some are struggling with slowing growth, declining margins, or increased competition.
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Thursday as we examine the latest happenings in today's session.
Stay informed about the performance of the S&P500 index in the middle of the day on Thursday. Uncover the top gainers and losers in today's session for valuable insights.
The U.S. Bankruptcy Court for the District of New Jersey must approve the transactions, and it is currently scheduled to conduct a hearing to approve the sales on May 21, 2025.
Data storage manufacturer Seagate (NASDAQ:STX) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 30.5% year on year to $2.16 billion. On the other hand, next quarter’s revenue guidance of $2.4 billion was less impressive, coming in 0.6% below analysts’ estimates. Its non-GAAP profit of $1.90 per share was 9.3% above analysts’ consensus estimates.
Seagate Technology aims to launch a 100-terabyte hard drive by 2030 to meet strong demand and counter climate concerns. Stock up 9% YTD, but down 0.34% premarket.
