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Seagate Technology (STX) Stock: Revenue Surges 34% as Cloud Data Center Demand Strengthens
By Yasmin Werner at 2026-10-13 00:30
Sentiment: Positive
TLDR Seagate fiscal 2026 revenue rose 34% to $12.2 billion on strong cloud demand. Fourth-quarter revenue reached $3.6 billion as profit margins expanded sharply. Free cash flow hit a record $3.1 billion as annual earnings more than doubled. Seagate cut $1.4 billion in debt and returned $810 million to its shareholders. STX shares gained 2.77% [...] The post Seagate Technology (STX) Stock: Revenue Surges 34% as Cloud Data Center Demand Strengthens appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central