Seagate Ups Ante With 16TB Capacity Storage Solutions (revised)
Zacks Investment Research | Jun 07, 2019 05:12AM ET
Seagate Technology plc (NASDAQ:STX) recently expanded its Exos X family of enterprise drives with helium-based Exos X16 HDD.
Seagate also extended IronWolf and IronWolf Pro family based on Network Attached Storage (NAS) architecture with 16TB storage capacity drives. The company claims the new drives can support workloads of around 300TB capacity per year.
The latest 16TB drive is expected to help customers in improving the overall system reliability with actionable prevention, intervention or recovery options.
We believe incremental adoption of the new high capacity drives will boost the company’s financial performance in the days ahead.
Moreover, expanding portfolio with robust solutions instill confidence in the stock. Shares of Seagate have returned 15.6% year to date, outperforming .
Long-term earnings growth rate for Rosetta Stone and Silicon Motion is pegged at 12.5% and 5%, respectively.
(NOTE: We are reissuing this article to correct a mistake. The original version, published yesterday, June 6, 2019, should no longer be relied upon.)
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