Seagate (STX) Launches Mozaic 3+ Powered by HAMR Technology
Seagate Technology STX introduced the Mozaic 3+ hard drive platform, which features Heat-Assisted Magnetic Recording (HAMR) technology. The new platform achieves unmatched areal densities, surpassing 3TB per platter with plans to reach 4TB+ and 5TB+ in the future, added Seagate.
The new platform powers the company’s Exos product family and offers industry-leading capacities of 30TB and beyond, with shipments of Exos 30TB+ products underway for hyperscale cloud customers.
The Mozaic 3+ will address common industry challenges by increasing areal density and allowing customers to store more data in the same space. The 30TB Mozaic 3+ significantly improves capacity and power consumption per terabyte as compared to the conventional 16TB.
Seagate Technology Holdings PLC Price and Consensus
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Also, the new platform maintains material components similar to PMR hard drives while significantly boosting capacity, enabling data centers to cut acquisition and operational costs. Mozaic 3+ also aids in achieving sustainability goals by offering a 55% reduction in embodied carbon per terabyte compared to traditional 16TB drives, added Seagate.
The Mozaic 3+ platform introduces the latest innovations, including Superlattice Platinum-Alloy Media for enhanced stability and a Plasmonic Writer utilizing nanophotonic laser technology for precise data writing. Apart from this, it also features a Gen 7 Spintronic Reader with quantum technology for efficient data reading and a 12nm Integrated Controller for optimized orchestration.
The company plans to vertically integrate the nanophotonic laser into the plasmonic writer sub-system to ensure greater efficiency and scalability. Mozaic 3+ storage technology can be utilized in enterprise, edge, NAS, and video and imaging applications markets.
Seagate is the leading manufacturer of hard disk drives (HDDs) in the United States. The company’s HDD products are designed for mission-critical and nearline applications in enterprise servers and storage systems.
In November 2023, the company unveiled its latest high-performance block storage system, the Seagate Exos CORVAULT 4U106, boasting a substantial 2.5PB capacity. It utilizes the company’s high-capacity Exos hard drives with self-healing technology to provide an efficient petabyte storage solution for scale-out data center architecture.
Seagate currently carries a Zacks Rank #2 (Buy). Shares of the company have gained 43.2% compared with the sub-industry’s growth of 36.6% in the past year.
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Other Stocks to Consider
Some other top-ranked stocks worth considering in the broader technology space are Blackbaud BLKB, NETGEAR NTGR and Watts Water Technologies WTS. NETGEAR sports a Zacks Rank #1 (Strong Buy), while Watts Water Technologies and Blackbaud carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Blackbaud’s 2023 earnings per share (EPS) has inched up 1.8% in the past 60 days to $3.86. BLKB’s long-term earnings growth rate is 23.4%.
Blackbaud’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 10.6%. Shares of BLKB have gained 31% in the past year.
The Zacks Consensus Estimate for 2023 is pegged at a loss of 9 cents per share for NETGEAR, which remained unchanged in the past 30 days.
NTGR’s earnings outpaced the Zacks Consensus Estimate in three of the last four quarters while missing once. The average surprise was 127.5%. Shares of NTGR have lost 29% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 3.9% in the past 60 days to $8.08.
WTS’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 11.8%. Shares of WTS have soared 23% in the past year.
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