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Last $50.60 USD
Change Today -0.69 / -1.35%
Volume 8.2M
STX On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

seagate technology (STX) Snapshot

Open
$51.09
Previous Close
$51.29
Day High
$52.88
Day Low
$50.11
52 Week High
12/23/14 - $69.40
52 Week Low
07/13/15 - $44.46
Market Cap
16.1B
Average Volume 10 Days
6.2M
EPS TTM
$4.11
Shares Outstanding
317.4M
EX-Date
08/7/15
P/E TM
12.3x
Dividend
$2.16
Dividend Yield
4.05%
Current Stock Chart for SEAGATE TECHNOLOGY (STX)

seagate technology (STX) Details

Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. The company provides hard disk drives, solid state hybrid drives, and solid state drives that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, and digital media systems. It also offers data storage services, including online backup, data protection, and recovery solutions for small and medium-sized businesses. In addition, the company ships external backup storage solutions under its Backup Plus and Expansion product lines, as well as under the Samsung and LaCie brand names; Wireless Plus wireless drives; and network attached storage solutions under its Central, NAS, NAS Pro, and Rackmount NAS product lines. It sells its products primarily to OEMs, distributors, and retailers. The company was founded in 1979 and is headquartered in Dublin, Ireland.

seagate technology (STX) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $560.7K
President of Operations & Technology
Total Annual Compensation: $579.6K
Senior Technical Advisor
Total Annual Compensation: $674.0K
President of Global Markets and Customers
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2014.

seagate technology (STX) Key Developments

Seagate Technology plc Declares Quarterly Cash Dividend, Payable on August 25, 2015; Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Fiscal Year Ended July 3, 2015

Seagate Technology plc announced that the Board of Directors has approved a quarterly cash dividend of $0.54 per share, which will be payable on August 25, 2015 to shareholders of record as of the close of business on August 11, 2015. The company reported unaudited consolidated financial results for the fourth quarter and fiscal year ended July 3, 2015. For the fourth quarter, the Company reported revenue of $2.9 billion, net income of $138 million and diluted earnings per share of $0.43 compared to revenue of $3.3 billion, net income of $320 million and diluted earnings per share of $0.95 a year ago period. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 27.2%, net income of $250 million and diluted earnings per share of $0.77. During the fourth quarter, the Company generated $228 million in operating cash flow and returned $351 million to shareholders in the form of dividends and share redemptions. Income from operations was $206 million against $410 million a year ago. Income before income taxes was $149 million against $284 million a year ago. For the fiscal year ended July 3, 2015, the Company reported revenue of $13.7 billion, gross margin of 27.7%, net income of $1.7 billion and diluted earnings per share of $5.26 compared to revenue of $13.7 billion, net income of $1,570 million and diluted earnings per share of $4.52 a year ago period. On a non-GAAP basis, Seagate reported gross margin of 28.1%, net income of $1.5 billion and diluted earnings per share of $4.57. Income from operations was $2,058 million against $1,776 million a year ago. Income before income taxes was $1,970 million against $1,556 million a year ago. Net cash provided by operating activities was $2,647 million against $2,558 million a year ago. Acquisition of property, equipment and leasehold improvements was $747 million against $559 million a year ago.

Seagate Technology plc Appoints Philip G. Brace as President of the Cloud Systems and Electronics Solutions Group

On July 22, 2015, Philip G. Brace was appointed President of the Cloud Systems and Electronics Solutions group (CSES) of Seagate Technology plc. In this role, Mr. Brace will be responsible for the full breadth of enterprise storage systems and services at the company. Mr. Brace joined the company on September 2, 2014, as Executive Vice President and Chief Technology Officer of Silicon Solutions, and was promoted to Interim President of CSES on April 30, 2015. He was previously employed by LSI Corporation from August 2005 through September 2014.

Seagate Technology plc Launches New Hybrid Cloud Data Protection Solutions

Seagate Technology plc announced new and updated Hybrid Cloud Data Protection solutions that enable customers to manage explosive data growth and increasingly complex security needs easily and cost effectively. The new and updated hybrid cloud solutions in the company’s portfolio include: Seagate® Backup and Recovery Software, Seagate Cloud Backup and Recovery Services, Seagate Backup and Recovery Private Cloud, and Seagate Data Management Services. These solutions will be delivered by Seagate, its value added resellers (VARs) and managed service providers (MSPs) to customers from small and medium sized businesses up through large enterprises for private, public and hybrid cloud deployments. The company’s new software and Backup and Recovery Private Cloud will be available in the US and EMEA at the end of August.

 

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TEV/Sales 0.7x
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