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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Seagate Technology plc    STX   IE00B58JVZ52

SEAGATE TECHNOLOGY PLC

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Seagate Technology : Launches SkyHawk AI 18TB Hard Drive Designed for AI-enabled and Large Enterprise Smart Video Systems

10/01/2020 | 11:35pm EST

Expanded capacity offers flexibility and performance for modern video security system needs

FREMONT, Calif. - October 1, 2020 - Seagate Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, today announced it is shipping 18TB SkyHawk Artificial Intelligence drives in volume. SkyHawk AI is the world's first purpose-built hard drive for artificial intelligence (AI)-enabled Surveillance solutions, enabling quicker and smarter decisions. The new drive supports deep learning and machine learning workload streams for Edge applications with ImagePerfectAI.

The capacity to retain more data over time is required for deep learning systems to become smarter and more accurate in their predictive analysis, and behavior analysis requires significantly more data than traditional video capture. SkyHawk AI simultaneously sustains 32 AI streams alongside 64 video streams and supports multi-bay NVR and AI-enabled NVR. SkyHawk AI offers a 550TB/year workload rate, more than 3× the workload rate of standard surveillance hard drives in order to manage data deluge in complex video security system environments without sacrificing performance. This drive intelligently adapts between traditional video workloads and video+AI workloads.

'Seagate's SkyHawk AI 18TB video security system hard drive was designed for growing data demands to accommodate nodes of any size making it easy to scale from terabytes to petabytes,' said Jeff Fochtman, senior vice president, marketing and business at Seagate Technology. 'With the SkyHawk AI 18TB, Seagate has seen improvements in operational and analytical processes, providing faster access to video security footage when compared earlier versions.'

Built to meet the demands of an always-on large workload in an AI enabled NVR system, SkyHawk AI 18TB accommodates recording and analyzing footage simultaneously from multiple cameras which equips customers with faster and smarter footage analysis by eliminating data latency and processing. It includes three years of Seagate Rescue Services for additional peace of mind in the event of data loss or accident and a standard 3-year limited warranty.

The SkyHawk AI 18TB hard drive is now available for an MSRP of $510.85.

About Seagate

Seagate Technology crafts the datasphere, helping to maximize humanity's potential by innovating world-class, precision-engineered data management solutions with a focus on sustainable partnerships. Learn more about Seagate by visiting www.seagate.com or following us on Twitter, Facebook, LinkedIn, YouTube, and subscribe to our blog.

©2020 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology and the Spiral logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. SkyHawk is either a trademark or registered trademark of Seagate Technology LLC or one of its affiliated companies in the United States and/or other countries. All other trademarks or registered trademarks are the property of their respective owners. When referring to drive capacity, one gigabyte, or GB, equals one billion bytes and one terabyte, or TB, equals one trillion bytes. Your computer's operating system may use a different standard of measurement and report a lower capacity. In addition, some of the listed capacity is used for formatting and other functions, and thus will not be available for data storage. Actual data rates may vary depending on operating environment and other factors.

Disclaimer

Seagate Technology plc published this content on 01 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 October 2020 03:34:07 UTC


© Publicnow 2020
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Financials (USD)
Sales 2021 10 432 M - -
Net income 2021 1 093 M - -
Net Debt 2021 3 195 M - -
P/E ratio 2021 16,4x
Yield 2021 3,66%
Capitalization 17 164 M 17 164 M -
EV / Sales 2021 1,95x
EV / Sales 2022 1,85x
Nbr of Employees 42 000
Free-Float 99,4%
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Number of Analysts 29
Average target price 73,77 $
Last Close Price 72,52 $
Spread / Highest target 31,0%
Spread / Average Target 1,73%
Spread / Lowest Target -44,8%
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William David Mosley Chief Executive Officer & Director
Gianluca Romano Chief Financial Officer & Executive Vice President
Michael R. Cannon Chairman
Ravi Naik Chief Information Officer & SVP-Corporate Strategy
John Morris Chief Technology Officer & Senior Vice President
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