Oct. 24 at 2:31 PM
$STX surges 123.5% in a year — what's driving the rally? 🚀
Seagate's Mozaic 3+ platform is capturing CSPs' attention with its high-capacity, energy-efficient drives, boosting nearline shipments by 52% YoY in the June quarter. The company also recorded non-GAAP gross margins of 37.9% and plans to begin qualification of Mozaic 4+ soon, reinforcing its leadership in data storage.
Discover why STX is a strong buy at a forward P/E of 21.76X, below the industry average 👉 https://www.zacks.com/stock/news/2776553/seagates-mozaic-3-ramp-gains-momentum-across-global-csps?cid=sm-stocktwits-2-2776553-body-17514&ADID=SYND_STOCKTWITS_TWEET_2_2776553_BODY_17514