Western Digital Corporation (WDC)

NASDAQ: WDC · Real-Time Price · USD
63.84
-1.45 (-2.22%)
Nov 20, 2024, 4:00 PM EST - Market open
-2.22%
Market Cap 22.07B
Revenue (ttm) 14.35B
Net Income (ttm) 329.00M
Shares Out 345.71M
EPS (ttm) 0.99
PE Ratio 65.34
Forward PE 8.21
Dividend n/a
Ex-Dividend Date n/a
Volume 3,818,956
Open 65.65
Previous Close 65.29
Day's Range 62.82 - 65.68
52-Week Range 46.05 - 81.55
Beta 1.39
Analysts Buy
Price Target 89.42 (+40.07%)
Earnings Date Oct 24, 2024

About WDC

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, ... [Read more]

Sector Technology
Founded 1970
Employees 53,000
Stock Exchange NASDAQ
Ticker Symbol WDC
Full Company Profile

Financial Performance

In 2024, Western Digital's revenue was $13.00 billion, an increase of 5.56% compared to the previous year's $12.32 billion. Losses were -$852.00 million, -50.12% less than in 2023.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for WDC stock is "Buy." The 12-month stock price forecast is $89.42, which is an increase of 40.07% from the latest price.

Price Target
$89.42
(40.07% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Western Digital Shares Jump Despite Revenue Miss, Ready To Spin Off NAND Business: Q4 Guidance 'Much Better Than Feared,' Analyst Says

Shares of Western Digital Corp WDC were spiking in early trading on Friday, after the company reported upbeat fiscal first-quarter earnings.

27 days ago - Benzinga

Western Digital Corporation (WDC) Q1 2025 Earnings Call Transcript

Western Digital Corporation (NASDAQ:WDC) Q1 2025 Earnings Conference Call October 24, 2024 4:30 PM ET Company Participants Peter Andrew - Vice President of Financial Planning and Analyst and Investor...

27 days ago - Seeking Alpha

Western Digital tops quarterly profit estimates on demand from cloud computing customers

Western Digital Corp topped Wall Street estimates for quarterly profit on demand for its data-storage products from cloud service providers, sending its shares up 9% in extended trading on Thursday.

27 days ago - Reuters

Western Digital Reports Fiscal First Quarter 2025 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today reported fiscal first quarter financial results. “Western Digital's performance in the fiscal first quarter demonstrates ou...

27 days ago - Business Wire

Western Digital owes $315.7 million for infringing data security patent, US jury says

Data storage provider Western Digital must pay $315.7 million in damages for violating a patent owner's rights in data security technology, a jury in California federal court said on Friday.

4 weeks ago - Reuters

Apple, Western Digital, and 3 Other U.S. Stocks to Play China Stimulus

However, lower interest rates and increased government spending won't only help Chinese companies, Evercore ISI says.

Other symbols: AAPL
5 weeks ago - Barrons

Western Digital Delivers World's Highest Capacity ePMR HDDs to Meet Growing Nearline Demand

SAN JOSE, Calif.--(BUSINESS WIRE)--More than just storage, Western Digital HDDs are key enablers for businesses looking to optimize their infrastructure, lower TCO and future-proof their data strategi...

5 weeks ago - Business Wire

Western Digital Enterprise SSDs Certified to Support NVIDIA GB200 NVL72 System for Compute-Intensive AI Environments

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today announced that its PCIe® Gen5 DC SN861 E.1S enterprise-class NVMe™ SSDs have been certified to support the NVIDIA® GB200 NV...

5 weeks ago - Business Wire

Western Digital to Announce First Quarter Fiscal Year 2025 Financial Results on October 24, 2024

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) plans to announce its first quarter fiscal year 2025 financial results after the market closes on Thursday, October 24, 2024. The...

5 weeks ago - Business Wire

Will AI Demand Continue To Drive Western Digital Stock Higher?

Western Digital stock (NASDAQ: WDC) has seen a 2x rise in value since early January 2023 – jumping from levels of $32 then to $66 now – vs. an increase of 47% for the S&P 500 over this period.

2 months ago - Forbes

Jim Cramer reviews 10 stocks that perform well just after the start of a cutting cycle

CNBC's Jim Cramer on Thursday reviewed stocks that have historically performed well just after the Federal Reserve embarks on a cutting cycle and chose his favorites. Using data compiled by CNBC Pro, ...

2 months ago - CNBC

Western Digital Corporation (WDC) Goldman Sachs Communacopia + Technology Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC) Goldman Sachs Communacopia + Technology Conference September 10, 2024 10:30 AM ET Company Participants Amitesh Bajad - IR Robert Soderbery - EVP and General M...

2 months ago - Seeking Alpha

Nvidia, Western Digital And 2 Other Stocks Executives Are Selling

The Nasdaq 100 closed lower during Wednesday's session. Investors, meanwhile, focused on some notable insider trades.

Other symbols: NVDAEAROL
2 months ago - Benzinga

Western Digital Corporation (WDC) Citigroup 2024 Global TMT Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC) Citigroup 2024 Global TMT Conference Call September 4, 2024 7:30 AM ET Company Participants Wissam Jabre - Executive Vice President & Chief Financial Officer ...

2 months ago - Seeking Alpha

Western Digital stock price forecast: Is it a buy after the recent dip?

On Tuesday analysts at Citi updated their outlook on Western Digital, highlighting the positive shift in the solid-state drive (SSD) market. As per Citi's revised forecast, SSD revenue is expected to ...

3 months ago - Invezz

Western Digital: Positive Move To Spin-Off Flash Memory

Western Digital plans to spin off its Flash memory business in H2 2024, potentially merging it with Kioxia. The company's HDD segment has a stronger market position and higher profitability than its F...

3 months ago - Seeking Alpha

Thailand approves Western Digital's $693 mln investment project

Thailand has approved Western Digital's investment project worth 23.5 billion baht ($693 million) to expand its hard disk drive production base in the country, Thailand's Board of Investment (BOI) sai...

3 months ago - Reuters

Western Digital to Participate in Upcoming Investor Conferences

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today announced management participation in the following upcoming investor conferences: Event: Citi's 2024 Global TMT Conference...

3 months ago - Business Wire

Western Digital: A Great Dip To Buy (Rating Upgrade)

Western Digital has fallen sharply after posting strong Q4 results, largely sympathizing with Intel's declines. Western Digital itself, however, is experiencing a surge in memory orders and healthy pr...

3 months ago - Seeking Alpha

Western Digital, Udemy, Teladoc Health And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Thursday.

Other symbols: TDOCUDMY
4 months ago - Benzinga

Western Digital Corporation (WDC) Q4 2024 Earnings Call Transcript

Western Digital Corporation (WDC) Q4 2024 Earnings Call Transcript

4 months ago - Seeking Alpha

Western Digital sees first-quarter revenue below estimates on weak demand for data storage products

Western Digital Corp forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling a slower-than-expected recovery in the company's data storage products.

4 months ago - Reuters

Western Digital Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today reported fiscal fourth quarter and fiscal year 2024 financial results. “Our fourth quarter and fiscal year 2024 results are...

4 months ago - Business Wire

Western Digital: A Buy-The-Dip Opportunity Ahead Of Q4 Earnings

We preview Western Digital's upcoming Q4 earnings report set for July 31. The company is delivering profitable growth ahead of its planned flash business spin-off later this year. The recent selloff m...

4 months ago - Seeking Alpha

Western Digital to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on July 31, 2024

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) plans to announce its fourth quarter and fiscal year 2024 financial results after the market closes on Wednesday, July 31, 2024. ...

4 months ago - Business Wire