Seagate: Mass Capacity Growth Vs. Price Erosion
Seagate (STX) completed another fiscal year when it released its Q4 quarterly report. The report was essentially a mixed bag. Revenue grew, but missed estimates. However, Seagate remains upbeat about the road ahead and points to mass capacity for what it can bring to the table. But there are signs that mass capacity may not be the savior it’s touted to be. Why will be covered next.
Q4 FY2020 quarterly earnings
Q4 revenue increased by 6% YoY to $2.5B. Non-GAAP net income and EPS jumped by 17% a…