Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Benchmark ‘buy’ on Seagate after Q2 earnings beat

admin by admin
January 22, 2025
in Stock
0
Benchmark ‘buy’ on Seagate after Q2 earnings beat
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Investing.com — Benchmark upgraded Seagate Technologies to “Buy” and raised its price target to $120 citing strong cloud and AI-driven demand as key growth drivers, which helped the storage company beat quarterly earnings estimate.

Seagate’s fiscal Q2 results exceeded expectations, with non-GAAP earnings of $2.03 per share on revenue of $2.33 billion, ahead of consensus estimates of $1.88 per share on $2.32 billion in revenue. HDD sales rose 57% year-over-year to $2.17 billion, while mass capacity sales climbed 79% year-over-year to $1.89 billion.

Seagate’s PMR drives in the mid-to-high 20 TB range and the company announced ramp-up of its 36 TB Mozaic drives, amid growing storage demands.

“Driven by robust cloud demand that improved margins, Seagate posted upside F2Q25 results. While a supply constraint is expected to impact the March quarter, we see continued strong cloud demand along with growing AI business driving results in 2H25 and 2026,” analyst said.

This post appeared first on investing.com

Previous Post

Inox Green Energy, Premier Energies and six other stocks to buy for the short-term

Next Post

Ryanair expects Boeing to regain competitive edge with Trump’s White House return

admin

admin

Next Post
Ryanair expects Boeing to regain competitive edge with Trump’s White House return

Ryanair expects Boeing to regain competitive edge with Trump’s White House return

Trending News

While farmers protest, UK’s Starmer says will defend budget ‘all day long’

While farmers protest, UK’s Starmer says will defend budget ‘all day long’

November 16, 2024
Inox Green Energy, Premier Energies and six other stocks to buy for the short-term

Inox Green Energy, Premier Energies and six other stocks to buy for the short-term

January 21, 2025
Dogecoin Price Eyes Parabolic Rally as Double Bottom Pattern Emerges

Dogecoin Price Eyes Parabolic Rally as Double Bottom Pattern Emerges

July 26, 2025
Subscribe to Insightful Word


    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025
    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    August 7, 2025
    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    August 7, 2025

    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025

    Latest News

    • Dow futures soar 250 points today: 5 things to know before Wall Street opens
    • Affirm stock price is rising: is it a buy before earnings?
    • Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.