Western Digital Corporation (WDC)

NASDAQ: WDC · IEX Real-Time Price · USD
59.31
-0.48 (-0.80%)
At close: Mar 18, 2024, 4:00 PM
59.32
+0.01 (0.02%)
Pre-market: Mar 19, 2024, 4:19 AM EDT
-0.80%
Market Cap 19.48B
Revenue (ttm) 11.26B
Net Income (ttm) -2.31B
Shares Out 325.86M
EPS (ttm) -7.22
PE Ratio n/a
Forward PE 15.71
Dividend n/a
Ex-Dividend Date n/a
Volume 3,811,533
Open 60.03
Previous Close 59.79
Day's Range 58.99 - 60.47
52-Week Range 31.97 - 65.92
Beta 1.54
Analysts Buy
Price Target 57.78 (-2.58%)
Earnings Date May 6, 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

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for WDC stock is "Buy." The 12-month stock price forecast is $57.78, which is a decrease of -2.58% from the latest price.

Price Target
$57.78
(-2.58% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Should You Pick Western Digital Stock At $65 After 25% Gains This Year?

Western Digital WDC (NASDAQ: WDC) recently provided an update on its plan to split the company into two verticals - hard drive and NAND business. The current CEO of Western Digital - David Goeckeler -...

7 days ago - Forbes

Western Digital names heads for flash memory, HDD units after split

Western Digital on Tuesday named chief executives for its soon-to-be separated flash memory and traditional hard-disk drive (HDD) businesses and said the process was on track for completion in the sec...

13 days ago - Reuters

Western Digital Announces Update on Company Separation

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) (“Western Digital” or “the Company”) today provided an update on its previously announced plan to separate into two independent, ...

13 days ago - Business Wire

Ethisphere Names Western Digital as One of the 2024 World's Most Ethical Companies® for the Sixth Time

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corporation (NASDAQ: WDC) has received the 2024 World's Most Ethical Companies® recognition by Ethisphere, a global leader in defining and advancing ...

14 days ago - Business Wire

Trade Tracker: Bill Baruch buys Salesforce and more AMD, Nvidia & Western Digital

Bill Baruch, Founder & President Blue Line Capital, joins CNBC's “Halftime Report” to discuss his latest buys

Other symbols: AMDCRMNVDA
18 days ago - CNBC Television

Western Digital to Participate in Upcoming Investor Conference

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today announced management participation in the upcoming investor conference: Event: Morgan Stanley Technology, Media & Telecom C...

4 weeks ago - Business Wire

Kioxia and Western Digital's Joint Venture To Receive Up To 150 Billion Yen Government Subsidy for Yokkaichi and Kitakami Plants

TOKYO & SAN JOSE, Calif.--(BUSINESS WIRE)--Kioxia Corporation and Western Digital Corporation (NASDAQ: WDC) announced today that their joint venture manufacturing facilities at Yokkaichi and Kitakami ...

6 weeks ago - Business Wire

Japan to support Kioxia, Western Digital chip production expansion

Japan's industry ministry said on Tuesday it would provide support for expansion of memory chip production by Kioxia and Western Digital in Mie and Iwate prefectures.

6 weeks ago - Reuters

Bain in talks with SK Hynix to restart Western Digital-Kioxia merger talks - Kyodo

Bain Capital is in talks with SK Hynix to restart negotiations to merge memory chip makers Western Digital and Japan's Kioxia Holdings, Kyodo newswire reported on Saturday, citing unidentified sources...

7 weeks ago - Reuters

Western Digital Stock Down Despite Earnings Beat—Key Price Levels to Monitor

Shares in disk drive and data storage manufacturer Western Digital (WDC) were down about 3% in pre-market trading Friday, even as the company posted results late Thursday that beat forecasts.

7 weeks ago - Investopedia

Western Digital Corp posts wider Q2 loss, sees impact of structural changes

Data storage products maker Western Digital Corp posted a wider-than-expected quarterly adjusted loss on Thursday, due to the impact of structural changes the company implemented in its flash and HDD ...

7 weeks ago - Reuters

Western Digital's stock dips nearly 4% on revenue decline

Western Digital Corp.'s WDC, +3.96% stock declined nearly 4% in after-hours trading Thursday after the company posted quarterly results. Western Digital reported a fiscal second-quarter net loss of $2...

7 weeks ago - Market Watch

Western Digital Reports Fiscal Second Quarter 2024 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today reported fiscal second quarter 2024 financial results. “Western Digital's second quarter results demonstrate that the struc...

7 weeks ago - Business Wire

Nvidia is no longer Morgan Stanley's top chip pick. A much different name is.

Morgan Stanley no longer considers Nvidia Corp. its No. 1 chip pick, and is now turning to a different part of the sector for its latest top endorsement.

2 months ago - Market Watch

Stocks This Week: Buy Fastenal And Western Digital

Fastenal Company engages in the wholesale distribution of industrial and construction supplies. The shares rose on the last earnings announcement on January 17th.

Other symbols: FAST
2 months ago - Forbes

Western Digital Stock Is Rising on 2 Upgrades. Why The Street Is More Bullish.

Disk-drive and flash-memory firm Western Digital is seeing shares rise on upgrades from Deutsche Bank and Barclays.

2 months ago - Barrons

Western Digital to Announce Second Quarter Fiscal 2024 Financial Results on January 25, 2024

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) plans to announce its second quarter fiscal year 2024 financial results after the market closes on Thursday, January 25, 2024. Th...

2 months ago - Business Wire

After Rising Over 30% In 2023 Is This Casino Stock A Better Pick Over Western Digital Stock?

Given its better prospects, we believe MGM Resorts stock (NYSE: MGM) is a better pick than Western Digital stock (NYSE: WDC) for the next three years. Although these companies are from different secto...

2 months ago - Forbes

Final Trades: Zoom, Oracle, Western Digital and Booz Allen

The 'Halftime Report' Investment Committee give their top picks to watch for the second half.

Other symbols: BAHORCLZM
3 months ago - CNBC Television

Western Digital Begins Volume Shipments of 24TB CMR HDDs; Industry Adoption of SMR Strengthens as 28TB SMR HDD Ramps

SAN JOSE, Calif.--(BUSINESS WIRE)--As new applications, use cases and connected devices multiply, Western Digital's (NASDAQ: WDC) enterprise-class hard disk drives (HDDs) remain critical for helping d...

4 months ago - Business Wire

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: Wells Fargo 7th Annual TMT Summit...

4 months ago - Business Wire

Western Digital To Spin-Off Flash Memory Business To Shareholders

Deal Overview On October 30, 2023, Western Digital Corporation (NASDAQ: WDC, $43.26, Market Cap: $14.

4 months ago - Forbes

Western Digital Announces Upsize And Pricing Of $1.4 Billion Convertible Notes Offering

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corporation (Nasdaq: WDC) (“Western Digital”) today announced that it has priced its offering of $1.4 billion aggregate principal amount of convertib...

4 months ago - Business Wire

Western Digital Announces Proposed $1.3 Billion Convertible Notes Offering

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corporation (Nasdaq: WDC) (“Western Digital”) today announced a proposed offering of $1.3 billion aggregate principal amount of convertible senior no...

5 months ago - Business Wire

Western Digital Shares Soar as Company Splits Off Flash Memory Business

Shares of Western Digital Corp. (WDC) surged more than 10% in early trading Monday before giving back some gains after the computer hard drive manufacturer said it would spin off its flash memory busi...

5 months ago - Investopedia