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Seagate Expands Portfolio by Launching 14 TB Hard Drive Disks
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Seagate Technology Plc (STX - Free Report) recently announced that IronWolf, IronWolf Pro, Barracuda Pro, SkyHawk and Exos X14 —which are part of the Guardian Series of hard disk drives (HDDs) — are now available in capacity of up to 14 terabyte (TB).
The 3.5 inch Barracuda Pro HDD is suitable for high performance desktop, creative pro desktop applications and gaming. The high-speed drive enables faster large file transfers and photo editing.
Meanwhile, IronWolf and IronWolf Pro are suitable for Network Attached Storage (“NAS”). The new 14TB drive will also support Seagate’s IronWolf Health Management (“IHM”) software, which helps in improving the overall system reliability by displaying actionable prevention and intervention or recovery options for the user. Additionally, the latest drives provide a host of benefits to the customers which include “RAID performance, dual-plane balance, rotational vibration (RV) sensors, advanced power management and error recovery control.”
14 TB Capacity to Increase Demand
Seagate believes that the expanded capacity will improve demand for the HDDs among large enterprises, small and medium size businesses (SMBs) and creative professionals. The HDDs are capable of addressing growing storage needs amid huge influx of data generated by emerging technology and services like augmented and virtual reality (AR/VR), 8K resolution. In fact, it can store more than 9000 hours of HD video.
Market research firm IDC forecasts that by 2025, the global datasphere will grow to 163 zettabytes (trillion gigabytes), which is ten times the 16.1 zettabytes (ZB) of data generated in 2016. More importantly, almost 20% of this will be critical to daily lives and nearly 10% of that will be hypercritical.
This massive volume of data presents significant growth opportunity for enterprises. However, effective storage is absolutely essential to properly harness this data. This presents significant growth opportunity for Seagate in the long term.
Seagate Technology PLC Price, Consensus and EPS Surprise
Seagate’s expanding portfolio is likely to boost its competitive position against Western Digital (WDC - Free Report) . With huge transformations in the storage industry, mobile cloud is taking the center stage. This in turn has bolstered the deployment of high-capacity mass storage products which is beneficial for Seagate.
The company is trying to focus less on the mission-critical 15K and sub-1-terabyte client consumer markets. Management anticipates these markets to eventually converge with either silicon-based memory or cloud storage, where it is already expanding footprint. Notably, as percentage of total revenues, the products accounted for lesser than 8%.
Favorable macroeconomic environment and rising global investments in cloud will continue to work as key catalysts. Further, hints of PC market stabilization as reflected in the latest reports from Gartner and IDC are a positive. Moreover, collaborations with the likes of Tencent and Baidu (BIDU - Free Report) are expected to boost Seagate’s foothold in China.
Long-term earnings growth rate for Aspen is currently pegged at 16.52%.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
Seagate Expands Portfolio by Launching 14 TB Hard Drive Disks
Seagate Technology Plc (STX - Free Report) recently announced that IronWolf, IronWolf Pro, Barracuda Pro, SkyHawk and Exos X14 —which are part of the Guardian Series of hard disk drives (HDDs) — are now available in capacity of up to 14 terabyte (TB).
The 3.5 inch Barracuda Pro HDD is suitable for high performance desktop, creative pro desktop applications and gaming. The high-speed drive enables faster large file transfers and photo editing.
Meanwhile, IronWolf and IronWolf Pro are suitable for Network Attached Storage (“NAS”). The new 14TB drive will also support Seagate’s IronWolf Health Management (“IHM”) software, which helps in improving the overall system reliability by displaying actionable prevention and intervention or recovery options for the user. Additionally, the latest drives provide a host of benefits to the customers which include “RAID performance, dual-plane balance, rotational vibration (RV) sensors, advanced power management and error recovery control.”
14 TB Capacity to Increase Demand
Seagate believes that the expanded capacity will improve demand for the HDDs among large enterprises, small and medium size businesses (SMBs) and creative professionals. The HDDs are capable of addressing growing storage needs amid huge influx of data generated by emerging technology and services like augmented and virtual reality (AR/VR), 8K resolution. In fact, it can store more than 9000 hours of HD video.
Market research firm IDC forecasts that by 2025, the global datasphere will grow to 163 zettabytes (trillion gigabytes), which is ten times the 16.1 zettabytes (ZB) of data generated in 2016. More importantly, almost 20% of this will be critical to daily lives and nearly 10% of that will be hypercritical.
This massive volume of data presents significant growth opportunity for enterprises. However, effective storage is absolutely essential to properly harness this data. This presents significant growth opportunity for Seagate in the long term.
Seagate Technology PLC Price, Consensus and EPS Surprise
Seagate Technology PLC Price, Consensus and EPS Surprise | Seagate Technology PLC Quote
Bottom Line
Seagate’s expanding portfolio is likely to boost its competitive position against Western Digital (WDC - Free Report) . With huge transformations in the storage industry, mobile cloud is taking the center stage. This in turn has bolstered the deployment of high-capacity mass storage products which is beneficial for Seagate.
The company is trying to focus less on the mission-critical 15K and sub-1-terabyte client consumer markets. Management anticipates these markets to eventually converge with either silicon-based memory or cloud storage, where it is already expanding footprint. Notably, as percentage of total revenues, the products accounted for lesser than 8%.
Favorable macroeconomic environment and rising global investments in cloud will continue to work as key catalysts. Further, hints of PC market stabilization as reflected in the latest reports from Gartner and IDC are a positive. Moreover, collaborations with the likes of Tencent and Baidu (BIDU - Free Report) are expected to boost Seagate’s foothold in China.
Zacks Rank & Key Pick
Seagate has a Zacks Rank #3 (Hold). Aspen Technology, Inc. (AZPN - Free Report) is a stock worth considering in the broader technology sector, sporting a Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Aspen is currently pegged at 16.52%.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>