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It has a trailing four-quarter earnings surprise of 6. The company is also well-positioned to gain from solid demand for 18 TB drives. In the second quarter of fiscalmanagement noted that it expects recovery in enterprise wtudy, especially among big enterprise OEM customers, to continue. Seagate is also anticipated to have benefited from continued traction witnessed for the mass capacity product portfolio across the cloud and enterprise markets.
This is likely to have added to the top line in the quarter under review. Further, growing demand for solid state drives or SSDs in data centers as well as uptick in gaming activities is expected to have boosted sales of tecjnology SSDs on improving demand from notebooks and video game consoles.
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This is likely to have driven revenues in the to-be-reported quarter. Improvement in PC shipments in the first quarter of the calendar year is likely to have contributed to hard disk drives or HDD sales. Seagate generates a bulk of its revenues from these devices. Further, escalating expenses http://rectoria.unal.edu.co/uploads/tx_felogin/the-breakdown-of-the-basic-nature-of/totalitarian-fascism.php product guyout amid intense competition in the storage market from the likes of Western Digital WDC is likely to have put pressure on the bottom line in the quarter under review.
Story continues Key Developments in Q3 In MarchSeagate unveiled Lyve Data Transfer Services to aid business enterprises to migrate mass data in a fast and secure manner from edge to cloud private, public or hybrid environment. Seagate has an Earnings ESP of 0.
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