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Seagate Technology PLC (STX.O)

STX.O on Nasdaq

31.58USD
22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Seagate Technology PLC announces new $2.5 billion share repurchase authorization
Wednesday, 22 Apr 2015 07:33pm EDT 

Seagate Technology PLC:Says that its board has authorized the company to repurchase up to $2.5 billion of its outstanding ordinary shares.Says that as a result of April 2015 authorization, Seagate currently has an aggregate authority to repurchase about $3.1 billion of its ordinary shares.Share repurchases under April 2015 authorization may be made through variety of methods, which may include open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions, or by any combination of such methods.  Full Article

Seagate Technology PLC collaborates with CERN openlab to develop its breakthrough kinetic storage platform
Monday, 16 Mar 2015 08:00am EDT 

Seagate Technology PLC:Says it has entered into three-year partnership with CERN openlab to collaborate on development of the Seagate Kinetic Open Storage platform.Says partnership aims to help CERN, European Organization for Nuclear Research.To better manage and store 100 petabytes of data Large Hadron Collider has generated to date, as well as additional 2-3 petabytes of information it produces on monthly basis in its quest to further humanity's understanding of the universe.  Full Article

Micron Technology, Inc and Seagate Technology plc announces strategic alliance
Thursday, 12 Feb 2015 07:00pm EST 

Micron Technology, Inc:Says that the company and Seagate Technology plc announced a strategic agreement that establishes a framework for combining the innovation and expertise of both companies.The framework of the agreement will enable customers of the two companies to benefit from a focused approach to deliver industry-leading storage solutions, helping them innovate faster and more effectively.While initially focusing on SAS SSDs and strategic NAND supply, Micron and Seagate anticipate that this multi-year agreement will extend into future collaboration on enterprise storage solutions featuring Micron NAND flash memory.  Full Article

Seagate Technology PLC gives Q3 2015 revenue guidance in line with analysts' estimates - Conference Call
Monday, 26 Jan 2015 09:00am EST 

Seagate Technology PLC:Expects to achieve revenue of at least $3.45 billion in Q3 2015.Q3 2015 revenue of $3.49 billion - Thomson Reuters I/B/E/S.  Full Article

Seagate Technology PLC announces quarterly cash dividend
Monday, 26 Jan 2015 08:00am EST 

Seagate Technology PLC:Approves a quarterly cash dividend of $0.54 per share.Payable on Feb. 24 to shareholders of record as of the close of business on Feb. 10.  Full Article

Seagate expands collaboration efforts with supermicro to optimize database deployments with Microsoft Validated Solution
Thursday, 22 Jan 2015 08:00am EST 

Seagate Technology PLC:Says in conjunction with Supermicro, the tested and preconfigured SQL server reference architecture for data warehouse deployments, as part of Microsoft's SQL Server 2014 Fast Track program.The reference design addresses the need to quickly convert data into actionable information while it is still valuable.This configuration also eases the validation process of deployments with a key goal in its development being the removal of the upfront testing and unknowns in the build out of an optimized system.  Full Article

Seagate Technology PLC announces pricing and increased size of senior unsecured notes offering
Monday, 24 Nov 2014 05:58pm EST 

Seagate Technology PLC:Says that it has increased the size of its previously announced offering of $300 million aggregate principal amount of senior notes due 2034 to $500 million.Says the Notes were priced at 99.706 pct. of the aggregate principal amount and will bear interest at a rate of 5.75 pct. per annum.Says the Notes will be issued by Seagate HDD Cayman, an indirect wholly owned subsidiary of Seagate Technology plc and guaranteed by Seagate Technology plc.The sale of the Notes is expected to close on Dec. 2, 2014.Seagate estimates that the net proceeds from the offering will be about $492 million after deducting underwriting discounts and estimated offering expenses.Says it intends to use the net proceeds from the offering for general corporate purposes.Also which may include, but are not limited to, the retirement of a portion of its existing indebtedness, capital expenditures and other investments in the business.  Full Article

Seagate Technology PLC gives Q2 2015 revenue guidance in line with analysts' estimates - Conference Call
Monday, 27 Oct 2014 09:00am EDT 

Seagate Technology PLC:Expects to achieve revenue of about $3.7 billion in Q2 2015.Q2 2015 revenue of $3.7 billion - Thomson Reuters I/B/E/S.  Full Article

Seagate Technology raises targeted annual dividend 26 pct to $2.16
Wednesday, 22 Oct 2014 04:44pm EDT 

Seagate Technology PLC:Declares a 26 pct increase in the company's targeted regular cash dividend.Targeted annual dividend will increase from $1.72 to $2.16 per share and will continue to be paid quarterly.Payable on Nov. 25 to stockholders of record as of the close of business on Nov. 11.  Full Article

Seagate Technology PLC and Baidu sign strategic cooperation agreement
Wednesday, 17 Sep 2014 12:00pm EDT 

Seagate Technology PLC:Announced it has signed a strategic cooperation agreement with Baidu, China's web services firm, in the areas of low-cost online storage, archiving and Big Data analysis.Under the agreement, Baidu will give priority to Seagate products when considering components for all Baidu servers and storage facilities.  Full Article

Seagate's fourth-quarter revenue estimate beats Street view

Seagate Technology Plc estimated fourth-quarter revenue higher than Wall Street expectations, helped by strong demand for hard-disk drives.