Morningstar

Seagate Earnings: The HDD Recovery Is Underway, but Shares Have Well Exceeded Fundamentals

We maintain our $55 fair value estimate for shares of no-moat Seagate Technology after fiscal second-quarter results aligned with our medium-term recovery thesis. Seagate met our sales expectations ...
Seeking Alpha

Seagate shares surge on Q2 sales beat, analysts think recovery is near

Seagate Technology (NASDAQ:STX) surged almost 11% Thursday as the storage company reported stronger-than-expected results for the second-quarter, prompting some optimism from Wall Street. Excluding ...
Morningstar

Seagate Earnings: Cyclical Recovery Drives More Positive Results, but Shares Remain Overvalued

We maintain our fair value estimate for no-moat Seagate at $67 following a strong fiscal fourth quarter and fiscal 2024 earnings report. In the June quarter, speedy demand recovery and healthy pricing ...
Seeking Alpha

Seagate: All Eyes On Cloud Capex Spend, The Key To Recovery

Seagate Technology Holdings plc reported stronger-than-expected results for its fiscal second quarter, suggesting a recovery as inventory at customers continues to get worked down. A rebound amid the ...