NasdaqGS:STXTech
Seagate Capacity Lock In Resets Growth Outlook And Valuation Debate
Seagate Technology Holdings (NasdaqGS:STX) has secured near-full allocation of its nearline hard drive capacity through calendar 2027.
The long term commitments are backed by multi year purchase agreements with key customers.
Management has raised its annual revenue growth target to at least 20% based on this contracted demand.
For investors watching Seagate at a share price of $868.09, this capacity lock in comes after a period of very strong stock performance, including a return of 201.9%...