Latest news with #Mozaic
Business Wire
15-07-2025
- Business
- Business Wire
Seagate Ships 30TB Drives to Meet Global Surge in Data Center AI Storage Demand
FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX), a global leader in mass-capacity data storage, today announced the global channel availability of up to 30TB Exos® M and IronWolf® Pro hard drives. Built on Seagate's Mozaic 3+™ platform and powered by heat-assisted magnetic recording (HAMR) technology, these drives are engineered to meet increasing demand for scalable, high-performance storage driven by the rise of AI deployments that are supplementing traditional enterprise infrastructure development. With over one million Mozaic hard drives now shipped, Seagate has reached more than just a milestone—it has marked a defining moment that underscores the strength and maturity of its breakthrough storage technology. With 1M+ Mozaic drives shipped, Seagate's milestone signals the strength and maturity of its breakthrough storage technology. Share 'Today, approximately 90% of the world's data is stored in just 10 countries. However, data gravity is increasingly pulling networks to the edge as nearly 150 countries adopt data sovereignty requirements, and AI workloads continue to expand. Datacenters—on-prem, private, and sovereign—are leveraging AI to unlock the value of their proprietary data,' said Melyssa Banda, SVP of Edge Storage and Services, Seagate. 'Our 30TB drives are designed to support these rapidly growing trends, delivering the capacity, efficiency, and resilience needed to power the AI workloads.' Industry leaders are aligning around the fundamental data management and infrastructure shifts: "Hyperscalers and enterprise data centers are in the early stages of an all-out arms race to develop AI infrastructure resulting in rapidly increasing capex spending on performance-oriented hardware," said Ed Burns, Research Director, Hard Disk Drive and Storage Technologies at IDC. "While not often associated with performance such as low latency, the highest capacity HDDs are a critical strategic asset in the AI development process, filling the need for mass capacity storage of the foundational data essential to building and improving the highest quality AI models in the market today and into the future. Enterprise customers are seeking ways to improve the density of their data centers, lowering power consumption and square footage requirements while ensuring storage continues to meet strategic requirements, and Seagate's new 30TB Exos product is the highest density hard drive offered in the industry today. Hyperscale and enterprise data center customers looking for optimal performance and cost tradeoffs for mass-capacity storage will benefit from Seagate's HAMR product roadmap, which is poised to accelerate areal density growth rates for HDDs in the years to come." HPE forecasts the on-prem AI market will grow at a 90% CAGR, reaching $42 billion within three years. 1 NVIDIA describes AI factories as 'data centers reimagined to manufacture intelligence at scale,' essential for transforming data into real-time insights across the AI lifecycle. 2 As AI becomes central to business strategy, modernizing storage is not optional—it's foundational. 30TB Hyperscale-Grade Exos & NAS-Optimized IronWolf Pro Arrive Just in Time for On-Prem AI Edge AI is no longer a future concept—it's happening now. According to IDC, industries such as retail, manufacturing, and financial services are actively deploying AI at the edge for video analytics, predictive maintenance, and fraud detection. This shift is accelerating the adoption of disaggregated storage architectures, which decouple compute from storage to enable more flexible, scalable infrastructure. The Seagate Exos M 30TB drive is built to meet increased demand for high-capacity, energy-efficient storage—empowering organizations to scale storage, optimize data placement, and support real-time edge analytics without compromising performance or sustainability. As AI-powered applications proliferate, on-premise NAS systems are evolving into intelligent data hubs—supporting advanced workloads such as video analytics, image recognition, retrieval-augmented generation (RAG), and inferencing at the edge. The convergence of AI, IoT, and hybrid cloud is fueling demand for high-capacity, high-integrity NAS solutions that can manage large, unstructured datasets with low latency and high throughput. Recent market analysis projects the global NAS market to grow at a CAGR of over 17% through 2034, driven by digital transformation and the rise of AI and big data analytics. 3 'QNAP NAS systems are increasingly used for on-premise AI workloads—enabling enterprises to run local AI models and leverage RAG and LLM technologies to process and analyze local datasets,' said Dhaval Panara, Product Manager, QNAP. 'By integrating Seagate's IronWolf Pro 30TB drives, we deliver petabyte-scale, high-integrity storage that ensures fast access, reliable performance, and scalable infrastructure at the edge.' 'With AI workloads increasingly moving to edge environments, reliable high-capacity storage becomes critical for local data processing. Seagate's IronWolf Pro 30TB drives provide the robust foundation UGREEN NAS systems require—delivering massive scalability and the operational stability needed for local AI applications,' said Evan Li, Head of International Business, UGREEN. Availability: The Exos M 30TB & 28TB and IronWolf Pro 30TB & 28TB drives are available now through Seagate online store as well as Seagate's authorized resellers and channel partners worldwide. Pricing: $599.99 - Exos M & IronWolf Pro 30TB; $569.99 - Exos M & IronWolf Pro 28TB For more information, please visit Seagate online store: Seagate is a global leader in mass-capacity data storage, having delivered over 4.5 billion terabytes of capacity over four decades. From edge to core to cloud, Seagate builds trust in data by delivering scalable, sustainable, and secure storage solutions. Learn more at 1. 2.
Forbes
01-07-2025
- Business
- Forbes
Seagate Stock To $85?
CANADA - 2025/05/07: In this photo illustration, the Seagate Technology logo is seen displayed on a ... More smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Question: How would you respond if you owned Seagate (NASDAQ: STX) and its value plummeted by 60% or more in the upcoming months? While this may seem extreme, it is not without precedent. Seagate's stock has experienced such severe declines previously, and based on its current valuation, history might repeat itself. Up to this point in 2025, Seagate has achieved an impressive 65% return year-to-date, significantly exceeding the S&P 500's 5% increase. This rise has been driven by structural improvements in the company and a timely shift towards next-gen technologies like HAMR (Heat Assisted Magnetic Recording). Seagate is currently benefiting from a upswing in the data-storage market, which is being bolstered by the increasing demand for generative AI and cloud infrastructure. However, behind the AI enthusiasm and operational improvements lies a more cautionary narrative. Separately see, What's Next For Nike Stock? Here's the point: The main takeaway is that during a downturn, Seagate stock could suffer considerable losses. Data from 2020 shows that STX stock lost around 35% of its value within just a few quarters, experiencing a peak-to-trough drop of about 58% during the 2022 inflation crisis, underperforming significantly compared to the S&P 500. This raises the question: Could the stock see a sell-off and potentially fall to $85 if a similar scenario were to occur? As a rule, individual stocks tend to be more volatile than diversified portfolios. Consequently, if you seek growth with decreased volatility, you might want to investigate the High-Quality portfolio, which has outperformed the S&P 500 and yielded returns over 91% since its launch. Why Is It Relevant Now? Seagate produces high-capacity HDDs (hard disk drives)—essential infrastructure for storing the immense datasets necessary for training and deploying large language models (LLMs). While SSDs (solid-state drives) are the go-to choice for fast-access storage, HDDs remain dominant in cold storage and hyperscale cloud archives—key applications for companies such as Microsoft, Meta, and Amazon. Seagate introduced its Mozaic 3+ platform last year, which achieves 3 TB per platter through HAMR technology and incorporates it into its Exos 30 TB+ drives, which have already begun shipping to hyperscale cloud clients. At its June 2025 investor conference, Seagate announced that engineering samples of 40 TB HAMR drives (10×4 TB platters) have already been delivered, with mass production anticipated in the first half of FY 2026. The company intends to launch Mozaic 4+ with 40 TB+ capacity in 2026, followed by Mozaic 5+ providing 50 TB+ drives by 2028, and is aiming for 100 TB HDDs by 2030 as part of its larger HAMR roadmap. While this technological advancement positions Seagate for long-term growth, it also introduces execution risks if demand does not scale as expected. Seagate forecasts Q4 adjusted EPS (June fiscal year) to be between $2.20 and $2.60, with revenue expected between $2.25–$2.55 billion. Consensus is predicting 38% revenue growth in FY 2025 and 13% in FY 2026. Nevertheless, even solid growth expectations cannot safeguard the stock from macroeconomic shocks, valuation declines, or operational setbacks. With very little margin for error, any misstep could lead to a steep correction. How resilient is STX stock during a downturn? STX stock has performed worse than the benchmark S&P 500 index during several recent downturns. While investors remain hopeful for a soft landing for the U.S. economy, how severe could it get if another recession occurs? Our dashboard How Low Can Stocks Go During A Market Crash illustrates how key stocks performed during and after the last six market crashes. • STX stock decreased 58.2% from a high of $116.02 on 4 January 2022 to $48.49 on 3 November 2022, compared to a peak-to-trough decline of 25.4% for the S&P 500 • The stock fully recovered to its pre-Crisis peak by 27 May 2025 • Since then, the stock has risen to a high of $141.44 on 29 June 2025 • STX stock fell 35.6% from a high of $63.23 on 24 January 2020 to $40.73 on 20 March 2020, vs. a peak-to-trough decline of 33.9% for the S&P 500 • The stock fully recovered to its pre-Crisis peak by 4 December 2020 • STX stock dropped 89.1% from a high of $28.60 on 2 November 2007 to $3.11 on 23 January 2009, compared to a peak-to-trough decline of 56.8% for the S&P 500 • The stock fully recovered to its pre-Crisis peak by 18 April 2012 Valuation Currently, Seagate trades at 18x consensus 2025 earnings, significantly above its three-year average of only 5x. Its price-to-sales ratio has escalated to 3x, rising from 1.2x in FY 2022. Even its forward P/S of 3x surpasses the three-year average of 2.8x. In comparison, Western Digital (NASDAQ: WDC), a direct competitor, typically trades around 1x P/S during market downturns. Investor confidence is evidently reflected in the stock's elevated valuation—but with greater height comes a steeper potential fall. The average analyst price target of $125 suggests an 11% downside, even without factoring in a market correction. Considering the wider economic uncertainties, ask yourself this: Do you plan to hold onto your Seagate stock now, or will you panic and sell if it starts to drop to $100, $90, or even lower? Hanging onto a declining stock is never an easy task. Trefis partners with Empirical Asset Management—an investment firm in the Boston area—whose asset allocation strategies produced positive returns during the 2008-09 period when the S&P lost over 40%. Empirical has integrated the Trefis HQ Portfolio into its asset allocation framework to offer clients better returns and less risk compared to the benchmark index—a smoother journey, as evidenced in HQ Portfolio performance metrics.
Yahoo
30-06-2025
- Business
- Yahoo
Can Seagate Stock Hit $200 in 2025? What Investors Need to Know.
Seagate Technology (STX) has been on an impressive run, soaring 63% over the past three months. The stock's rally is powered by a combination of factors, including strong industry tailwinds and the company's focus on improving profitability, reducing debt, and boosting cash flow. The demand for mass-capacity storage is growing, driven by the growing digital shift toward cloud services and the ongoing expansion of data center infrastructure to support artificial intelligence (AI) advancements. Seagate, with its industry-leading data storage solutions, is benefiting from this surge as enterprises and hyperscale cloud providers increasingly rely on its high-capacity hard drives. Holiday Trading, Trade Negotiations and Other Key Things to Watch this Week Options Flow Alert: Bulls Making Their Move in GOOGL Stock Jeff Bezos Unloads $5.4B in Amazon Shares: Should You Buy or Sell AMZN Stock Now? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. The company's financial performance confirms the strength of this trend. In its most recent fiscal third quarter, Seagate delivered a 30.5% year-over-year revenue increase and an 81% jump in adjusted gross profit. The company's management highlighted that Seagate has now expanded gross margins for eight consecutive quarters and posted the third-highest operating margin in its history. Supporting this growth is Seagate's supply discipline, shift to a build-to-order model, and dynamic pricing strategy have all helped it stay profitable. Looking ahead, Seagate continues to see solid demand for its products, which is expected to drive its financials and share price higher. While STX stock is currently trading above the analysts' average price target of $125.72, the highest price target for Seagate is $200, implying further upside potential of over 41% from current levels. Seagate will continue to benefit from strong demand for its 24-terabyte (TB) and 28TB products, which are the company's top performers in terms of revenue and storage volume. Adding to the momentum is the introduction of its new Heat-Assisted Magnetic Recording (HAMR)-based Mozaic drives. Volume shipments to select customers are underway, and a broader rollout is expected in the second half of 2025. Demand from the cloud segment remains a key driver of growth. In the March quarter, cloud nearline revenue and exabyte shipments jumped nearly 10% sequentially and almost doubled year-over-year. Growth is being fueled not only by major cloud and hyperscale providers but also by increasing interest from edge data centers and private cloud operators. Seagate's long-term outlook is strong, with customers now committing to supply agreements that extend into the first half of 2026. Despite global challenges such as tariffs, the company is managing its risks well. It's diversifying its manufacturing and supply chains to stay ahead of shifting global trade policies and expects minimal impact on its fourth-quarter results. On the financial front, Seagate is also making significant progress in strengthening its balance sheet. At the end of March, it had reduced its debt to $5.1 billion after retiring $536 million during the quarter. Its net leverage ratio improved to 2.1x, and further reductions are expected in the months ahead. Cash generation is also trending higher. Free cash flow in the March quarter rose to $216 million, up from $150 million in the prior period, and management anticipates continued improvement throughout the rest of the calendar year. The company is also maintaining stable inventory levels at $1.5 billion as it gears up to meet future demand, particularly for HAMR-based products. Given the stock's recent surge, Wall Street analysts currently have a 'Moderate Buy' consensus on Seagate. Moreover, with shares currently trading above Wall Street's average price target, there's skepticism baked into the market. That said, Seagate is in a strong position. Solid demand, a favorable product mix, growing adoption of its next-generation technology, and the ability to raise prices all support its potential for strong earnings and cash flow. As profitability rises and its HAMR technology gains wider acceptance, reaching a $200 price target in 2025 seems increasingly achievable. On the date of publication, Amit Singh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
BofA Lifts Seagate Technology (STX) PT to $145 Following BofA Global Technology Conference
Seagate Technology Holdings (NASDAQ:STX) is one of the 8 Best Inexpensive Stocks to Buy Right Now. On June 9, Bank of America raised its price target for Seagate to $145 from $135, while maintaining a Buy rating on the stock. This optimism follows the 2025 BofA Global Technology Conference, where the analyst gained a more bullish outlook on the Hard Disk Drive/HDD industry. BofA anticipates that rising hyperscaler demand will outpace Exabyte production growth in the upcoming quarters, which suggests a favorable environment for Seagate and the broader HDD sector. In FQ3 2025, the company reported revenue of $2.16 billion for the quarter, which was a 31% year-on-year increase. Hard Drive Revenue alone was $2 billion. A technician configuring a network-attached storage drive. The company achieved its eighth consecutive quarter of gross margin expansion in FQ3 and recorded its third-highest operating margin in history. Seagate's advanced HAMR-based Mozaic drives, which are the industry's only 3 terabyte per disk products, are now ramping up volume to qualified customers. The company has strong demand visibility extending into H1 2026, with new build-to-order agreements currently under negotiation. Seagate Technology Holdings (NASDAQ:STX) provides data storage technology and infrastructure solutions internationally. It sells its products primarily to OEMs, distributors, and retailers. While we acknowledge the potential of STX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Techday NZ
25-05-2025
- Business
- Techday NZ
Seagate raises share buyback to USD $5 billion, sets 2028 goals
Seagate has outlined its long-term strategy for value growth, new financial targets through fiscal year 2028, and an expansion of its share repurchase programme. At its 2025 Investor and Analyst Event, Seagate set out its approach to capitalising on data storage demand and driving both profitability and shareholder value. Dave Mosley, Seagate's Chief Executive Officer, stated, "Technology innovation and AI are fueling exponential data growth and driving demand for the hard drive storage industry." "Seagate today is uniquely positioned to capture this opportunity with our Mozaic portfolio powered by market-leading HAMR technology. Our differentiated portfolio addresses critical data centre challenges, including cost, scale and sustainability, enabling us to deliver storage solutions for customers from cloud to edge." He continued, "Since our last Investor and Analyst Event in 2021, we have made structural improvements to extend demand visibility, maintain supply discipline, optimise product mix, and streamline cost structure. We are a stronger company today thanks to the dedicated efforts of our global team." "This is an incredibly exciting time at Seagate, and we are confident we have the right technology and strategy to lead the next era of storage in today's data-driven world, while delivering enhanced value to shareholders." The company presented new financial targets set through the fiscal year 2028, which, according to Seagate, are underpinned by the adoption of its HAMR (Heat-Assisted Magnetic Recording) technology. This approach, the company asserts, provides a pathway from its current Mozaic 3+TB/disk product towards future 10+TB/disk capacities, responding to increasing requirements for mass-capacity storage. Mozaic is highlighted as Seagate's portfolio leveraging HAMR technology, targeted to address growing needs for both scale and efficiency in data centre environments. The roadmap outlined at the event details Seagate's intention to incrementally increase areal density and drive advancements in storage capacities, aiming to outpace industry requirements for enterprises and cloud providers alike. In addition to its product and strategy updates, Seagate announced that its Board of Directors has authorised an increase in share repurchase capacity, lifting the authorisation to USD $5 billion. This expanded authorisation, which does not carry a time limit, demonstrates what the company says is an ongoing commitment to returning capital to shareholders and reflects its confidence in its strategic direction and financial health. The company noted that any share repurchases would be subject to Seagate's financial position, performance, cash availability, capital demands, distributable reserves, and other considerations evaluated by the board. The increased focus on long-term profitability is positioned around both continued execution and operational discipline, as well as targeted investment in storage technologies. Seagate referenced structural changes since 2021 as key drivers enhancing its capacity to address market cycles and project financial visibility. Seagate reinforced its view that exponential data growth, fuelled by technology and artificial intelligence, is creating new demands within the hard drive storage industry. The company asserts its Mozaic HAMR-based portfolio offers competitive advantages on cost, scalability, and environmental considerations, intended to support deployment across cloud and edge environments. The company's materials presented during the event confirm plans for a sequence of product launches that continue the expansion of its Mozaic line, with a strategic focus on capacity increases critical to both hyperscale and enterprise markets. Seagate reports it has shipped more than four billion terabytes of data capacity since its founding, and maintains a product portfolio that covers data storage requirements from edge compute locations to core cloud data centres.
