Seagate's Results Miss Forecasts for Profit and Revenue. The Stock Is Falling.
The disk-drive maker said it now expects a recovery in demand to begin toward the end of the calendar year.
Stay updated with breaking news from Computer Storage Devices. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The disk-drive maker said it now expects a recovery in demand to begin toward the end of the calendar year.
The penalty comes after a group of Senate Republicans in 2021 alleged the data-storage equipment provider continued to sell hard drives to Huawei despite national-security restrictions
Emerson Electric reaches a deal to acquire National Instruments for $60 a share, American Airlines issues a lukewarm earnings outlook, and Tesla shares trade higher.
The SSDs are available today in 1TB and 2TB capacities for $185 and $290, respectively.
The company's “My Cloud” online storage service has been knocked offline.