Seagate Technology

Seagate Technology shares surged to a 52-week high of $1,144 after being revalued as an AI infrastructure play but have pulled back to about $803. Analysts have raised fiscal 2027 EPS estimates sharply (from ~$27 to ~$36 in 90 days) while CEO Dave Mosley said nearline capacity is nearly fully allocated through 2027 and hyperscalers hold $1.1 trillion in remaining performance obligations. The bull case to reach $1,500 hinges on fiscal 2028 EPS rising toward ~$55, sustained gross margins above 50% and continued hyperscaler demand; downside risks include hyperscaler concentration, potential capex pauses, debt dilution from exchangeable notes, and geopolitical/tariff headwinds. » Altro su finance.yahoo.com

Fidelity's Dividend Growth Fund cited Seagate Technology as a top contributor after surging demand for hard-disk drives in AI-capable data centers boosted sales and pricing power. Seagate reported revenue, earnings and profitability above consensus in its latest quarter and raised guidance. The stock has rallied strongly over the past year despite a recent pullback, reflecting market optimism about AI-related storage demand. » Altro su finance.yahoo.com

Seagate reports demand continues to exceed supply and expects the gap to widen. The company is shifting from 30- to 40-terabyte HAMR drives and plans to qualify 50-terabyte drives in about a year; medium term Seagate targets average annual exabyte growth of at least 25% without increasing unit volumes. Free cash flow was recently over $1.1 billion, debt reduction is largely complete, and the company will place greater emphasis on share buybacks going forward; capex remains disciplined at 4–6% of revenue. Management expects margins to rise further through price improvements and lower cost per terabyte, while operating expenses should remain stable at around $300 million per quarter. » Altro su de.investing.com