Long-term concerns about AI are shifting to the back burner as earnings showed the sector is building momentum; these three ETFs are ready to move higher
CEO Dave Mosley said the quarterly performance underscored the structural enhancements to the business model and healthy supply/demand environment for mass capacity storage.
According to the Finchat-compiled consensus estimates, Seagate is expected to report adjusted earnings per share of $1.75 and revenue of $2.14 billion.
Jefferies attributed some of its caution to the uncertainty that has been steadily increasing for businesses of all sizes since the middle of the March quarter.
Morgan Stanley analysts said channel checks showed the first-quarter performance was largely in line with expectations but a pushout of deals will likely impact second-quarter performance.
Macquarie’s Steve Koenig sees multiple upside revenue drivers, including improved net expansions, a pricing model change, and a greater focus on landing new large customers.
Morgan Stanley’s industry and channel checks showed demand continuing to outstrip supply and robust cloud spending, increasing its confidence in the longevity of the HDD upcycle.
Citing checks with HubSpot’s partners, the firm said it is increasingly confident that the company will report solid fourth-quarter results and provide positive guidance for 2025.
AMD set to report Q3 2024 earnings with expectations of 31% increase in EPS and 16% growth in revenue. Mixed reactions in stock prices despite positive track record.
