CEO Dave Mosely attributed the strength to the structural enhancements implemented in the company’s business and ongoing demand strength from cloud customers for its high-capacity drives.
The company successfully managed to keep its cash outflow during Q2 at just $200 million, significantly lower than the $1.8 billion that analysts reportedly expected.
The company recently commissioned a new hydraulic tube plant and reported 22.4% year-on-year sales growth in the March quarter, with promoters raising their stake to 56.44%.
The stock has been consolidating sideways, with neutral momentum indicators. The analyst recommends watching the ₹2,550 resistance for a potential uptrend.
The analyst pointed to a potential breakout as the stock trades within a key resistance zone, backed by bullish RSI divergence and a possible inverse head and shoulders pattern.
Anthony Scaramucci, the founder of SkyBridge Capital, thanked pro-cryptocurrency SEC Commissioner Hester Pierce for her role in getting the agency to approve in-kind creations and redemptions for cryptocurrency exchange-traded funds.
The analysts noted healthy profit growth driven by fee income and treasury gains, while maintaining a cautious view due to ongoing NII and margin pressure.
The Japanese Yen (JPY) edges higher against the retreating US Dollar (USD) during the Asian session on Wednesday and moves away from a one-week low touched the previous day.
Spotify defended its cautious pricing strategy during the Q2 2025 earnings call, emphasizing user retention over aggressive hikes, despite falling short on earnings and revenue expectations.
WTI, the US crude oil benchmark, is trading around $68.75 during the Asian trading hours on Wednesday. The WTI climbs to the highest levels in over a month amid growing concerns over global supply risks.
