Latest news with #Seagate
CNBC
2 days ago
- Business
- CNBC
Morgan Stanley says buy these five stocks soon that are set to rally
There's a slew of stocks that have a lot more room to run, according to Morgan Stanley. The firm says overweight-rated companies like Nvidia have plenty of upside and remain top picks in June. Others include: Nubank , Sallie Mae , Seagate and Coupang. Seagate The tech data storage company is just too attractive to ignore, analyst Erik Woodring, wrote following Seagate's analyst day in late May. "The inflection in compute will drive exponential growth in storage demand, and we see STX as a still underappreciated play on this theme at just 7.5x our peak EPS," he wrote. And there's a whole host of more positive catalysts to come for top pick Seagate, too, the firm said. "Tech leadership, premium margins, robust FCF generation, and strong cap returns support EPS upside and multiple re-rating from here," he added. The stock is also an undervalued play in the data center space, too, Woodring says. Shares of Seagate are up 36% this year. Coupang The South Korea e-commerce company was recently named a new top pick at the firm. "Competitors have scrambled to respond, but Coupang's market share gains have continued without a blip," analyst Seyon Park wrote. The firm also raised its price target on the stock to $32 per share from $27 as Coupang is firing on all cylinders. "The company continues to execute well, is relatively insulated from tariff risk, and a beneficiary of a weaker USD [US dollar]," he said. Meanwhile, shares are up 27% and remain compelling. "Valuations also look favorable compared to relevant peers, " he went on to say. Nubank The LatAm bank is a share gainer and a top pick at the firm, according analyst Jorge Kuri and team. "We think the market continues to significantly underestimate Nubank's ability to scale profitably — especially through deeper cross-sell in Brazil," they wrote. The firm says Nubank has a differentiated offering for consumers as a one stop shop for all banking needs. "From leading in primary account relationships and salary deposits, to capturing the lion's share of consumer intent in credit card, personal loan, and payroll loan applications and balance transfers, Nubank is clearly far outpacing incumbent and digital peers," he said. The stock is up almost 16% this year, but Kuri says shares have plenty more room to run. "Nubank leads in both reach and relevance," he said succinctly. Seagate "The inflection in compute will drive exponential growth in storage demand, and we see STX as a still underappreciated play on this theme at just 7.5x our peak EPS. Tech leadership, premium margins, robust FCF generation, and strong cap returns support EPS upside and multiple re-rating from here. ... .A (still) underappreciated play on data growth; PT increases to $140 and we reinstate STX as our Top Pick." Coupang "The company continues to execute well, is relatively insulated from tariff risk & a beneficiary of a weaker USD. Valuations also look favorable compared to relevant peers. ... .Competitors have scrambled to respond, but CPNG's market share gains have continued without a blip. ... .Despite the market uncertainties this year, we are quite comfortable CPNG can deliver on its growth targets, while also being a beneficiary of a weaker US dollar." Nvidia "NVIDIA is putting digestion fears fully to rest, showing acceleration of the business other than the China headwinds around growth drivers that seem durable. Everything should get better from here. Reiterate OW, Top Pick in semis. ... .Bear case is fading and inference trajectory is durable; stay with the story. ... .Most of the themes we have been focused on played out through this quarter." Sallie Mae "SLM remains our Top Pick. ... .SLM exploring potential alternatives to whole loan sales, such as JVs, which we think could drive multiple expansion on more consistent asset-light cash flow. ... .Once we gain further clarity on government policy, we expect SLM will formally issue a range of estimates on how much additional volume it can drive in 2H26/2027." Nubank "We think the market continues to significantly underestimate NU's ability to scale profitably — especially through deeper cross-sell in Brazil. ... .From leading in primary account relationships and salary deposits, to capturing the lion's share of consumer intent in credit card, personal loan, and payroll loan applications and balance transfers, NU is clearly far outpacing incumbent and digital peers. ... .Nubank leads in both reach and relevance."
Gizmodo
3 days ago
- Business
- Gizmodo
Seagate 20TB External Hard Drive Just $0.01 Per GB, Amazon Rushes to Empty Its Inventory
The amount of photos, videos and files that we have on our devices makes traditional storage options obsolete. If you have a hard drive that has 2, 3, 4, or even 5TB of space, it is almost useless when a single vacation's worth of high-res photos and video can take up ample space. That's why smart people are looking for big, reliable external drives, and what better time to upgrade to an external drive? Seagate's long history of reliability and durability makes them a great brand to go with: Amazon has the Seagate expansion 20TB external hard drive at a record low (and all time low) price now of $229, over 50% off of the launch price of $499. What is even better is the 22TB and 24TB models are on sale as well for $289 and $279 respectively. See at Amazon Lifetime Storage Why take someone's word when here is a drive that could last a lifetime? The Seagate Expansion 20TB is a 'long term investment' in your digital life. If you're a creative professional or just someone who wants to keep every precious memory safe, this drive could last you years of content. Add to that Seagate's reputation for reliability means, you can rest assured that your data will be safe and secure for ages. In comparison to cloud storage, which will run a minimum of $10 a month (and often much higher for larger capacities), this one-time payment option is a bargain. The process of opening the box to setup the Seagate 20TB HDD is fantastically easy: The drive is designed to be very simple to use and you just plug in the included power adapter and USB 3.0 cable and you are all set. USB 3.0 has the added benefit of helping to move files quickly and efficiently with minimal time wasted for large files. Also, it will seamlessly work on either your Windows computer or Mac. What we really liked about this drive is the included Rescue Data Recovery Services. Accidents can happen to anyone, and when they do, having a safety net can be critical. Seagate's data recovery service takes the worry out of it by knowing if something goes wrong, experts could recover your files. Unfortunately, many external drives don't offer you any data recovery protection, so this is a real plus for Seagate. Since Seagate Expansion 20TB is a desktop-type external hard, it works perfectly in a home office, home studio space, and to help anyone centralize their digital file storage. The 3.5-inch size will also provide better performance and reliability than the small-portable external options. Plus, the shape and size of this product looks really nice and easy to manage. If you were going to upgrade your method of backup and storage options, now is the time to do so. See at Amazon
Yahoo
3 days ago
- Business
- Yahoo
Seagate Technology Holdings (NasdaqGS:STX) Reports Strong Q3 Earnings
Seagate Technology Holdings recently reported strong third-quarter earnings, showcasing significant year-over-year growth in sales and net income. Additionally, the company raised its equity buyback authorization by $5 billion, highlighting a commitment to enhancing shareholder value. These developments may align with Seagate's notable 43% share price surge in the past month. The broader Nasdaq Composite's gains, partly fueled by the tech sector's rally following Nvidia's earnings, provided a favorable backdrop for Seagate's rise, while changes in the executive board and announced dividends possibly added further support to the overall positive sentiment. You should learn about the 4 risks we've spotted with Seagate Technology Holdings (including 3 which don't sit too well with us). Find companies with promising cash flow potential yet trading below their fair value. The recent news of Seagate Technology Holdings boosting its equity buyback program could bolster investor confidence, potentially influencing future share value. The buyback might reduce the number of shares outstanding, which could positively affect earnings per share. However, the long-term financial gains will heavily rely on how well the company manages factors like competition and manufacturing efficiencies, as outlined in the company's narrative. Despite these challenges, Seagate remains focused on capitalizing on technological advancements and expanding demand for mass capacity storage solutions to enhance revenue streams. Over the past five years, Seagate has seen a total shareholder return of 166.77%, illustrating substantial long-term growth. When compared to the broader U.S. market return of 11.3% in the past year, Seagate's 1-year performance has outpaced these returns, indicating a stronger recent performance relative to the market. However, growth forecasts suggest more modest future increases in earnings and revenue. Seagate's recent share price surge places it in close proximity to the consensus price target of US$116.08, reflecting a slight discount that suggests room for potential appreciation. The earnings growth forecast and Seagate's strategic initiatives are critical elements that could further influence its trajectory toward this target. The alignment of Seagate's strategic goals with the capital market's performance metrics will be crucial in sustaining investor interest and achieving projected revenue growth. Click here and access our complete financial health analysis report to understand the dynamics of Seagate Technology Holdings. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:STX. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Gizmodo
5 days ago
- Business
- Gizmodo
Seagate's 8TB Game Drive for Xbox Just Got Cheaper for a Limited Time, 16x Storage and One Solid Deal
For friends, family, and loved ones who play video games on the reg, some new gaming accessories make for wonderful gifts. with Memorial Day deals still abound, you can find some big opportunities to save on peripherals and components such as controllers, headsets, hard drives, you name it. If you yourself are an Xbox Series X or Series S player or love someone who is, treat yourself or them to this Seagate Game Drive for Xbox. You can expand the onboard storage to download and play more games for just $190. Normally this external hard drive goes for $220, but right now it's $30 off over at Best Buy. See at Best Buy The Xbox Series X and Series S are the current generation of Microsoft gaming consoles. The more robust Series X features an internal SSD with a total storage of 1TB while the Series S supports a storage of just 512GB out of the box. After considering the system software loaded on them that gets consoles to run in the first place, the actually-usable storage is considerably less than that. Plus, games these days are ballooning in file size. Most recently, the The Elder Scrolls IV: Oblivion remaster released last month and that game alone has a download size of over a hundred gigabytes. If you want to make the best of your Xbox console, you're going to want some form of additional storage. 8TB of Xbox Storage The Seagate Game Drive for Xbox will add a whopping 8TB to your console. That's almost 16 times the storage capacity as the Xbox Series X or Xbox Series S off the shelf. Adding an external hard drive to your Xbox could not be easier. The Seagate expansion hard drive simply plugs into your console over USB. The Xbox Series S or Xbox Series X will recognize it to be a hard drive and will allow you to choose to download games directly to it instead of the console's internal drive. The external hard drives only takes about two minutes to set up. Some past generation titles or smaller indie games can be played directly off the external hard drive. However, newer, more expansive titles will require you to move them from the hard drive to the Xbox's internal drive as they require the fast load times the onboard storage offers. It's not the perfect solution, but it is still much faster than redownloading games after deleting to make space.
Business Wire
5 days ago
- Business
- Business Wire
Seagate Commences Exchange Offers and Consent Solicitations for Eight Series of Senior Notes
FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc ('Seagate') (NASDAQ: STX) today announced the commencement of offers to certain Eligible Holders (as defined below) to exchange (collectively, the 'Exchange Offers' and each, an 'Exchange Offer') any and all outstanding notes of the following eight series issued by Seagate HDD Cayman ('Seagate HDD') (the 'Old Notes') for new notes to be issued by Seagate Data Storage Technology Ptd. Ltd ('SDST') (the 'New Notes') as described in the table below, and related consent solicitations upon the terms and conditions set forth in the confidential Offering Memorandum and Consent Solicitation Statement dated May 28, 2025 (the 'Offering Memorandum and Consent Solicitation Statement'). The following table below summarizes the principal economic terms of the Exchange Offers: __________________________ (1) Reflects the principal amount of Old Notes outstanding as of the date of the Offering Memorandum and Consent Solicitation Statement. (2) Consideration per $1,000 principal amount of Old Notes validly tendered and accepted for exchange. (3) The term 'New Notes' in this column refers, in each case, to the series of New Notes corresponding to the series of Old Notes of like tenor and coupon. (4) Includes the Early Participation Premium for Old Notes validly tendered prior to the Early Participation Deadline described below and not validly withdrawn. Expand Upon the terms and subject to the conditions set forth in the Offering Memorandum and Consent Solicitation Statement, in exchange for each $1,000 principal amount of Old Notes validly tendered, and not validly withdrawn, prior to 5:00 p.m., New York City time, on June 10, 2025, unless extended (such date and time, as it may be extended, the 'Early Participation Deadline'), Eligible Holders whose Old Notes are accepted for exchange will receive the total consideration set forth in the table above (the 'Total Consideration'), which consists of $1,000 principal amount of New Notes and a cash amount of $1.25. The Total Consideration includes an early participation premium set forth in the table above (the 'Early Participation Premium'), which consists of $50 principal amount of New Notes and $1.25 in cash. Eligible Holders whose Old Notes are validly tendered after the Early Participation Deadline and prior to the Expiration Time will only be eligible to receive the exchange consideration set forth in the table above (the 'Exchange Consideration'), which is equal to $950 principal amount of New Notes. The Exchange Offers commenced on May 28, 2025. The Exchange Offers will expire at 5:00 p.m., New York City time, on June 26, 2025, unless extended (such date and time, as it may be extended, the 'Expiration Time'). Tenders of Old Notes may not be withdrawn after 5:00 p.m., New York City time, on June 10, 2025, unless extended (such date and time, as it may be extended, the 'Withdrawal Deadline'), except in certain limited circumstances as set forth in the Offering Memorandum and Consent Solicitation Statement. The Exchange Offers are subject to certain conditions described in the Offering Memorandum and Consent Solicitation Statement. The principal difference between the Old Notes and the New Notes is the entities that will act as an issuer versus as a guarantor, as shown below: Other than the identity of SDST as the issuer and as an obligor, the terms of the New Notes are identical to the Old Notes with respect to their interest rate, interest payment dates, optional redemption prices and maturity. The New Notes will be issued by SDST and guaranteed by the same guarantors as the Old Notes and SDST's recently issued its 5.875% Senior Notes due 2030 (the '2030 Notes') in addition to Seagate HDD (which is the issuer of the Old Notes). The New Notes will have substantially the same covenants as the Old Notes and the 2030 Notes and are subject to the same business and financial risks. No accrued but unpaid interest will be paid on the Old Notes in connection with the Exchange Offers. However, interest on the applicable New Note will accrue from and including the most recent interest payment date of the tendered Old Note. In conjunction with the Exchange Offer, SDST is soliciting consents (the 'Consent Solicitations') to eliminate substantially all restrictive covenants and certain of the default provisions (the 'Proposed Amendments') in the indenture governing the Old Notes. Holders who tender their Old Notes in the Exchange Offer will be deemed to have submitted consents pursuant to the Consent Solicitation. Each Consent Solicitation with respect to a series of Old Notes is to amend the indenture governing such series of Old Notes. The consummation of the Exchange Offer is not subject to, or conditioned upon, the receipt of the requisite consents or to any minimum amount of Old Notes being tendered for exchange. Eligible Holders may not deliver consents without tendering such series of Old Notes in the Exchange Offer. Available Documents and Other Details Documents relating to the Exchange Offers and the Consent Solicitations will only be distributed to holders of Old Notes who complete and return an eligibility form confirming that they are either a 'qualified institutional buyer' as defined in Rule 144A or not a 'U.S. person' as defined in Rule 902 in compliance with Regulation S under the Securities Act and, if in Singapore, a separate eligibility form confirming that they are an 'accredited investor' as defined in Section 4A of the Securities and Futures Act 2001 of Singapore, as modified or amended from time to time (the 'SFA'), or an "institutional investor" as defined in Section 4A of the SFA, in each case pursuant to and in accordance with the requirements of the SFA. Holders Old Notes who desire to complete an eligibility forms should either visit or request instructions by sending an e-mail to contact@ or by calling Global Bondholders Services Corporation, the Exchange Agent and Information Agent for the Exchange Offers, at: +1 (855) 654-2014 (U.S. toll-free) or +1 (212) 430 3774 (banks and brokers). The complete terms and conditions of the Exchange Offers are set forth in the Offering Memorandum and Consent Solicitation Statement. This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the New Notes. The Exchange Offers are only being made pursuant to the Offering Memorandum and Consent Solicitation Statement. The Exchange Offers are not being made to holders of Old Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. The New Notes have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Offering Memorandum and Consent Solicitation Statement. The Exchange Offers and the issuance of the New Notes have not been registered with the U.S. Securities and Exchange Commission (the 'SEC') under the Securities Act, or any other applicable securities laws and, unless so registered, the New Notes may not be offered, sold, pledged or otherwise transferred within the United States or to or for the account of any U.S. person, except pursuant to an exemption from the registration requirements thereof. The Exchange Offers are being made, and the New Notes are being offered and will be issued, only (i) to holders of Old Notes that are 'qualified institutional buyers' as defined in Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'), in a private transaction in reliance upon the exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) thereof, or (ii) outside the United States, to holders of Old Notes other than 'U.S. persons', as defined in Rule 902 under the Securities Act, in an offshore transaction in compliance with Regulation S under the Securities Act and that are not acquiring the New Notes for the account or benefit of a U.S. person (a holder satisfying at least one of the foregoing conditions being referred to as an 'Eligible Holder'), and, in each case, (w) if resident and/or located in any member state of the European Economic Area (the 'EEA'), that they are persons other than 'retail investors' (for these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, 'MiFID II'); or (ii) a customer within the meaning of Directive 2002/92/EC (as amended or superseded, the 'Insurance Mediation Directive'), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MIFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended or superseded, the 'Prospectus Regulation')), (x) if resident and/or located in the United Kingdom, not a person who is one (or more) of the following: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the 'EUWA'); (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (as amended, the 'FSMA') and any rules or regulations made under the FSMA to implement the Insurance Distribution Directive, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA (the 'U.K. Prospectus Regulation'), (y) if resident and/or located in the United Kingdom, either (i) a person having professional experience in matters relating to investments and falling within the definition of investment professionals as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the 'Order'), (ii) a person falling within Article 43(2) of the Order, or (iii) a person to whom the Offering Memorandum and Consent Solicitation Statement and other documents or materials relating to the New Notes may otherwise lawfully be communicated in accordance with the Order, and (z) if in Singapore, (i) to an institutional investor (as defined in Section 4A of the SFA) pursuant to Section 274 of the SFA, or (ii) to an accredited investor (as defined in Section 4A of the SFA) pursuant to and in accordance with the conditions specified in Section 275 of the SFA, and (where applicable) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018. Pursuant to the registration rights agreement, the SDST and the Guarantors are required to consummate an offer to exchange the New Notes offered hereby for a new issue of notes registered under the Securities Act to be declared effective no later than 451 days after the date the New Notes offered hereby are issued, unless the New Notes offered hereby are then freely transferable. About Seagate Seagate Technology is a leading innovator of mass-capacity data storage. We create breakthrough technology so you can confidently store your data and easily unlock its value. Founded over 45 years ago, Seagate has shipped over four billion terabytes of data capacity and offers a full portfolio of storage devices, systems, and services from edge to cloud. © 2025 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, and the Spiral logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical fact. Forward-looking statements include, among other things, statements about the terms and conditions of, and completion of, the Exchange Offers and the Consent Solicitations, each as described above. The Company cannot assure that the offering will be consummated, nor can it guarantee the size or terms of the offering. Forward-looking statements generally can be identified by words such as 'expects,' 'intends,' 'plans,' 'anticipates,' 'believes,' 'estimates,' 'predicts,' 'projects,' 'should,' 'may,' 'will,' 'will continue,' 'can,' 'could,' or the negative of these words, variations of these words and comparable terminology, in each case, intended to refer to future events or circumstances. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on information available to the Company as of the date of this press release and are subject to known and unknown risks and uncertainties that could cause the Company's actual results, performance or events to differ materially from historical experience and the Company's present expectations or projections. These risks and uncertainties include, but are not limited to, those described under the captions 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in the Company's latest periodic report on Form 10-Q or Form 10-K filed with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on, and which speak only as of, the date hereof. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, unless required by applicable law.
