Seagate Ups Ante In Storage With New Solutions At CES 2019
Zacks Investment Research | Jan 07, 2019 09:01PM ET
Seagate (NASDAQ:STX) kicked off the year by showcasing latest data storage solutions at CES 2019. Notably, CES is an annual technology tradeshow conducted by the Consumer Technology Association every year in January in Las Vegas.
The company expanded LaCie family by unveiling LaCie Mobile Drive and LaCie Mobile SSD, which it anticipates shipping by end of January. Both the storage solutions are designed to be compatible with Apple’s (NASDAQ:AAPL) Macbook and come with an included one-month subscription to All-Apps Plan from Adobe (NASDAQ:ADBE) .
In a bid to offer sturdy backup solutions, Seagate debuts Backup Plus family with Backup Plus Slim, Backup Plus Portable and Backup Plus Ultra Touch. The latest Backup Plus hard drives come with two-month membership plan for Adobe Creative Cloud (“CC”) Photography. The users can avail Life Calendar to streamline storytelling and multiple device synchronization with cloud-free backup potential.
Moreover, Seagate unveiled FireCuda 510 PCIe NVMe SSD, which is tailor-made for gaming enthusiasts. The SSD offers read and write speeds of up to 3,450 MB/s and 3,200 MB/s, respectively, to provide enhanced gaming experience. With sturdy 4K video processing capabilities and sleek M.2 2280 form factor Seagate is expected to strengthen its competitive position against Western Digital (NASDAQ:WDC) .
The latest BarraCuda 510 PCIe NVMe SSD is completely in sync with the company’s endeavor to provide enhanced performance to enable users to multi-task. The sleek M.2 form factor makes the device easily adoptable across mini-PCs, ultra-thin laptops, and desktops.
Seagate also unveiled IronWolf 110 SATA SSD custom-made SSD for Network Attached Storage (NAS) appliances to primarily target enterprise customers and business professionals.
Following the news, shares of Seagate were up almost 2.7%, yesterday. Notably, the company’s shares have fallen 14.8% in the past year, compared with the Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.