Western Digital Corporation (WDC)

NASDAQ: WDC · Real-Time Price · USD
60.24
+0.62 (1.04%)
Dec 20, 2024, 4:00 PM EST - Market closed
1.04%
Market Cap 20.83B
Revenue (ttm) 14.35B
Net Income (ttm) 329.00M
Shares Out 345.71M
EPS (ttm) 0.99
PE Ratio 60.69
Forward PE 7.88
Dividend n/a
Ex-Dividend Date n/a
Volume 10,161,871
Open 59.48
Previous Close 59.62
Day's Range 58.99 - 61.45
52-Week Range 48.96 - 81.55
Beta 1.39
Analysts Buy
Price Target 87.89 (+45.9%)
Earnings Date Jan 23, 2025

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 $87.89, which is an increase of 45.90% from the latest price.

Price Target
$87.89
(45.90% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Western Digital Stock Falls on Downgrade. Like Micron, Demand Is a Worry.

The hard drive manufacturer faces slowing demand and softening prices, one analyst says,

2 days ago - Barrons

Western Digital Corporation (WDC) Barclays 22nd Annual Global Technology Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC) Barclays 22nd Annual Global Technology Conference December 12, 2024 12:15 PM ET Company Participants David Goeckeler - CEO Wissam Jabre - EVP and CFO Conferen...

9 days ago - Seeking Alpha

Western Digital Corporation (WDC) Nasdaq London Investor Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC) Nasdaq London Investor Conference December 10, 2024 10:30 AM ET Company Participants Wissam Jabre - EVP and CFO Peter Andrew - VP, Financial Planning and Anal...

11 days ago - Seeking Alpha

With An Upcoming Spinoff, Western Digital Could Be Just Getting Started

Western Digital's spinoff of HDD and NAND/SSD operations could unlock significant value, positioning it as a key player in AI and data storage growth. The NAND business, acquired from SanDisk, offers ...

13 days ago - Seeking Alpha

Western Digital Corporation (WDC) Wells Fargo 8th Annual TMT Summit Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC) Wells Fargo 8th Annual TMT Summit Conference Call December 4, 2024 12:30 PM ET Company Participants Rob Soderbery - Executive Vice President, Flash Conference...

16 days ago - Seeking Alpha

Western Digital Corporation (WDC) UBS Global Technology and AI Conference (Transcript)

Western Digital Corporation (NASDAQ:WDC) UBS Global Technology and AI Conference Call December 3, 2024 6:55 PM ET Company Participants David Goeckeler - Chief Executive Officer Wissam Jabre - Executi...

17 days ago - Seeking Alpha

Western Digital: Prime Value Pick Ahead Of Spin-off In This Expensive Market

Western Digital's stock has surged ~35% YTD, driven by strong Q1 earnings and plans to spin off its flash and HDD segments. The AI supercycle is boosting demand for memory chips, enhancing Western Dig...

25 days ago - Seeking Alpha

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: UBS Global Technology and AI Conf...

4 weeks ago - Business Wire

Strategist talks AI stock opportunities beyond Nvidia

While Nvidia (NVDA) continues dominating the AI chip market, investors seek additional opportunities in the rapidly evolving sector. Nvidia shares continue to fluctuate since reporting third quarter e...

4 weeks ago - Yahoo Finance

Western Digital CEO David Goeckeler Elected Chair of Semiconductor Industry Association

WASHINGTON , Nov. 21, 2024 /PRNewswire/ -- The Semiconductor Industry Association (SIA) today announced Western Digital (NASDAQ: WDC) CEO David Goeckeler has been elected Chair of the SIA Board of Dir...

4 weeks ago - PRNewsWire

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.

2 months 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...

2 months 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.

2 months 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...

2 months 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.

2 months 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
2 months 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...

2 months 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...

2 months 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...

2 months 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.

3 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, ...

3 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...

3 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
3 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 ...

3 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 ...

4 months ago - Invezz