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

SEAGATE TECHNOLOGY PLC

(STX)
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Seagate Technology : The New Seagate Storage Expansion Card for Xbox Series X|S Adds Capacity While Maintaining Next Generation Gaming Performance

09/25/2020 | 02:10pm EST

FREMONT, CA - September 24, 2020 - Seagate Technology plc (NASDAQ: STX) today officially announced the Seagate Storage Expansion Card for Xbox Series X|S delivering an additional 1TB of external storage for a streamlined gaming experience, replicating the speed and performance of the consoles' internal SSDs and Xbox Velocity Architecture.

Designed in collaboration with Microsoft, the Seagate Expansion Card for Xbox Series X|S is the only external storage device that enables users to achieve the same performance as the Xbox Velocity Architecture when playing games that have been optimized for next-generation of Xbox consoles. The custom storage card seamlessly mirrors the functionality of the Xbox Series X and Xbox Series S internal SSDs and adds 1TB of capacity letting gamers collect new and legacy games across four generations of Xbox including existing backwards compatible Xbox One, Xbox 360 and original Xbox games.

'Seagate is thrilled to be a key player in next-generation gaming. With a new standard in performance, games will be more dynamic, visually stunning, and immersive than ever,' said Jeff Fochtman, Senior Vice President at Seagate. 'Seagate's Storage Expansion Card for Xbox Series X|S technology delivers additional game storage at peak speeds, replicating the consoles' internal SSD experiences. We are proud to join forces with Xbox and can't wait to help gamers immerse themselves in the high-fidelity experience.'

With a sleek design, the Storage Expansion Card is optimized to play Xbox games from the internal SSD or the Storage Expansion Card without sacrificing graphics, speed, load times, or framerates.

Seagate Storage Expansion Card for Xbox Series X|S includes a three-year limited warranty and will be available on November 10 for $219.99.

To keep up with the latest and learn more about Seagate Storage Expansion Card for Xbox Series X|S, visit: https://www.seagate.com/consumer/play/storage-expansion-for-xbox-series-x/.

About Seagate

Seagate 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 subscribing 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. Seagate Storage Expansion Card for Xbox Series X|S are either trademarks or registered trademarks 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. Seagate reserves the right to change, without notice, product offerings or specifications.

Disclaimer

Seagate Technology plc published this content on 24 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2020 18:09:02 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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Mean consensus OUTPERFORM
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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Managers and Directors
NameTitle
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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