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Posted by
Two Blokes May 20, 2025 -
Filed in
Stock
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5 views
Seagate continues to beat earnings estimates, driven by robust cloud and AI storage demand, and maintains momentum with strong Q3 results and positive Q4 guidance. HDD demand remains resilient despite SSD competition, with Seagate's leadership and new HAMR technology supporting future growth and higher-capacity drives. Valuation is attractive with a forward P/E below the sector median and a solid dividend yield, but shares are less compelling at current elevated prices.
