What Seagate Expects in Q4 2018
Seagate (STX) is optimistic about earnings and revenue growth in fiscal 2018 driven by improved macroeconomic conditions and investments in cloud-based environments. Seagate also expects Nearline products to drive revenue and believes it is in the early stages of global cloud storage transformation. In the below chart, we can see Seagate’s nearline demand trend has grown at a CAGR (compound annual growth rate) of 35% between fiscal 2012 and fiscal 2017.