$STX (Seagate Technology Public Limited Company)

$STX {{ '2016-07-12T10:57:56+0000' | timeago}} • Announcement

$STX said the total pretax charges for the plan will be about $164MM in FY17. The restructuring activities and global footprint consolidation underway should enable the company to be operating within its targeted Non-GAAP product gross margin range of 27-32% by the December 2016 quarter. Seagate will report its 4Q16 results on Aug. 2, 2016.

$STX {{ '2017-10-23T20:06:57+0000' | timeago}} • Infographic

$STX Seagate Technology Plc. Earnings AlphaGraphic: Q1 2018 Highlights

$STX {{ '2017-10-23T19:33:37+0000' | timeago}} • Webcast

For the second quarter of 2018, $STX anticipates a 3-5% sequential growth in revenues, and sees margins rising modestly to 29-33%. Non-GAAP operating expense is forecast to drop 2-3% compared to the first quarter, helped by the ongoing cost control initiatives.

$STX {{ '2017-10-23T19:05:15+0000' | timeago}} • Webcast

After posting better-than-expected earnings numbers in 1Q18, $STX said it sees the market for its 10-TB and 12-TB storage products growing further in 2Q18. Capex is expected to drop quarter-over-quarter in the December quarter and remain less than 5% of the total FY18 revenue. Operating cash flow is forecast to more than double sequentially.

$STX {{ '2017-10-23T17:59:22+0000' | timeago}} • Webcast

$STX said its 10-TB Nearline storage products contributed significantly to overall revenues in 1Q18. The company plans to enter into a long-term partnership with the Memory division of Toshiba Corp. as part of improving its financials by expanding the product portfolio. The terms of the deal will be disclosed later.

$STX {{ '2017-10-23T12:37:59+0000' | timeago}} • Announcement

Benefiting from a decrease in overall expenses, earnings of $STX gained about 8% in 1Q18 to reach $181MM. Earnings per share moved up to $0.62 and adjusted earnings rose to $0.96 per share, exceeding expectations. However, revenues of the data storage solutions provider dropped 6% annually to $2.6Bil, despite registering record exabyte shipments.

$STX {{ '2017-09-28T15:09:04+0000' | timeago}} • Announcement

$STX said it has entered into an agreement to purchase Toshiba Corp's chip unit by a consortium led by Bain Capital LP. $STX plans to contribute upto $1.25Bil towards the purchase. The company expects this transaction to be accretive to its earnings.

$CRAY {{ '2017-07-27T13:01:11+0000' | timeago}} • Announcement

Supercomputer company $CRAY has entered into a partnership with $STX to add the latter’s ClusterStor high-performance storage business into its storage business. As per the agreement, Cray will continue to support and enhance the ClusterStor product line. The company expects to add more than 100 employees, as part of the deal.

$STX {{ '2017-07-25T12:57:55+0000' | timeago}} • Announcement

$STX’s net income surged 63% to $114MM in 4Q17, despite a 10% fall in revenues. EPS increased to $0.38 from $0.23. On a non-GAAP basis, excluding the impact of special items, net income was $192MM or $0.65 per share. The bottom line growth was supported by increased demand for the company’s storage products.

$STX {{ '2017-04-26T14:20:55+0000' | timeago}} • Webcast

For 4Q17, $STX expects revenue to be $2.5-2.6Bil. This outlook reflects the seasonal decline in revenue, the company's desire to maintain lower inventories going into the summer months and some conservatism due to the potential impact of component shortages. For calendar 2017, EPS is expected to be at least $4.50.

$STX {{ '2017-04-26T13:49:16+0000' | timeago}} • Announcement

$STX's BoD approved a quarterly cash dividend of $0.63 per share. The dividend will be payable on July 5, 2017 to shareholders of record as of the close of business on June 21, 2017.

$STX {{ '2017-04-26T13:48:18+0000' | timeago}} • Announcement

$STX swung to a profit in 3Q17 from a loss last year, driven by lower costs and expenses. Net income was $194MM or $0.65 per share compared to a loss of $21MM or $0.07 per share last year. Revenue grew to $2.67Bil from $2.59Bil. Non-GAAP EPS for the latest quarter was $1.10.

$STX {{ '2017-01-31T17:15:23+0000' | timeago}} • Announcement

$STX plans to offer senior notes in a private placement to qualified institutional buyers. The Notes are expected to be issued by Seagate HDD Cayman, an indirect subsidiary of $STX. HDD Cayman plans to use the net proceeds from the offering of the Notes for general corporate purposes.

$STX {{ '2017-01-24T22:44:21+0000' | timeago}} • Webcast

$STX said that it implemented a certain cost reduction activities during 2Q17 and recognized approx. $33MM in pre-tax restructuring charges.

$STX {{ '2017-01-24T22:36:58+0000' | timeago}} • Webcast

$STX generated cash flow from operations of $656MM in 2Q17, up 72% YoverY. HDD exabyte shipments grew 13% YoverY to 68.2 exabytes, representing the third consequtive quarter of record exabyte shipments. HDD unit shipments were 39.9MM units for the quarter.

$STX {{ '2017-01-24T21:20:36+0000' | timeago}} • Announcement

Looking ahead, $STX said it is optimistic about the long-term opportunities for the company's business as enterprises and consumers embrace and benefit from the shift of storage to cloud and mobile applications.

$STX {{ '2017-01-24T21:19:13+0000' | timeago}} • Announcement

$STX's BoD approved a quarterly cash dividend of $0.63 per share. The dividend will be payable on April 5, 2017 to shareholders of record on March 22, 2017.

$STX {{ '2017-01-24T21:18:17+0000' | timeago}} • Announcement

Data storage giant $STX reported a rise in 2Q17 earnings driven by lower operating expenses, despite a decrease in revenue. Net income rose to $297MM or $1.00 per share from $165MM or $0.55 per share last year. Revenue slid to $2.89Bil from $2.99Bil. Non-GAAP EPS was $1.38 for 2Q17.

$STX {{ '2017-01-20T14:52:34+0000' | timeago}} • Announcement

$STX appointed Mark Adams to its BoD. Adams was appointed at the company's BoD meeting held on Jan. 19, 2017. Adams served as President of semiconductor solutions company $MU from February 2012 to February 2016.

$STX {{ '2016-10-19T14:25:35+0000' | timeago}} • Webcast

For calendar 2017, $STX expects revenue growth to be in the mid-single digits or maybe mid- to high single digits. The company believes its earnings would be in the range of $3.75-4.00 per share in calendar 2017.

$STX {{ '2016-10-19T14:14:10+0000' | timeago}} • Webcast

For 2Q17, $STX expects the demand for high-capacity near line drives to remain stable. The company expects relatively flat revenue in 2Q17 with improved gross margin. Non-variable compensation operating expenses are expected to trend down sequentially.

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