Seagate Rallies on Strong Q4 Results and Guidance. What Does This Mean for STX Stock Here.

Seagate Technology reported fourth-quarter results on July 28 that exceeded analyst expectations across key metrics. The data-storage manufacturer generated revenue of $3.63 billion, representing 49% year-over-year growth, while earnings per share reached $5.71, surpassing the consensus estimate of $5.10. The company’s gross margin expanded to 52.7%, marking the 13th consecutive quarter of margin expansion and reflecting the company’s strong competitive position in the mass-storage