Western Digital Corporation (WDC)

NASDAQ: WDC · IEX Real-Time Price · USD
49.90
+0.84 (1.71%)
Aug 12, 2022 10:34 AM EDT - Market open
1.71%
Market Cap 15.63B
Revenue (ttm) 19.19B
Net Income (ttm) 1.82B
Shares Out 313.17M
EPS (ttm) 4.89
PE Ratio 10.20
Forward PE 15.46
Dividend n/a
Ex-Dividend Date n/a
Volume 312,305
Open 49.34
Previous Close 49.06
Day's Range 49.14 - 50.03
52-Week Range 41.63 - 69.99
Beta 1.48
Analysts Buy
Price Target 69.22 (+38.7%)
Earnings Date Aug 5, 2022

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 computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices,... [Read more...]

Industry Technology Hardware, Storage & Peripherals
Founded 1970
CEO David Goeckeler
Employees 63,800
Stock Exchange NASDAQ
Ticker Symbol WDC
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 33 analysts, the average rating for WDC stock is "Buy." The 12-month stock price forecast is 69.22, which is an increase of 38.72% from the latest price.

Price Target
$69.22
(38.72% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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Could a tough macro environment speed up Western Digital's breakup?

Western Digital Corp., which is considering a breakup of its hard disk drive and flash businesses, is also wrestling with a tough macroeconomic environment.

Why Western Digital Fell Today

Disappointing earnings and guidance plagued this memory and storage maker.

Western Digital (WDC) Q4 Earnings Beat Estimates, Revenues Miss

Western Digital (WDC) fiscal fourth-quarter top line was affected by weakness in Client and Consumer segments' performance. However, higher cloud revenues were a positive.

Western Digital (WDC) Tops Q4 Earnings Estimates

Western Digital (WDC) delivered earnings and revenue surprises of 0.56% and 1.88%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Western Digital Tumbles as Guidance Comes in Well Below Expectations

The company is forecasting first-quarter adjusted earnings per share to range between 35 cents and 65 cents, well below consensus estimates for $1.88,

Western Digital Reports Fiscal Fourth Quarter and Fiscal Year 2022 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today reported fiscal fourth quarter and fiscal year 2022 financial results. "I am proud of our team for driving strong fiscal year...

What's in Store for Western Digital (WDC) Ahead of Q4 Earnings

Western Digital's (WDC) Q4 performance is likely to gain from strong demand from cloud customers. However, uncertain macroeconomic conditions and supply chain woes are likely be headwinds.

Western Digital Applauds Passage of Bipartisan Innovation Act

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital (NASDAQ: WDC) applauds the passage of the Bipartisan Innovation Act (BIA). The BIA will help accelerate strategic investments in the next generation of...

Micron and Western Digital Stocks Drop After Seagate's Earnings Miss. It's the Economy.

Memory tech peers of Seagate's are tumbling after the company blames weak earnings and a sour outlook on a rough economic environment.

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Western Digital to Announce Fourth Quarter and Fiscal Year 2022 Financial Results on August 5, 2022

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) plans to announce its fourth quarter and fiscal year 2022 financial results before the market opens on Friday, August 5, 2022. The ...

Western Digital (WDC) Flat As Market Gains: What You Should Know

In the latest trading session, Western Digital (WDC) closed at $46.35, marking no change from the previous day.

Nasdaq Bear Market: 3 of the Cheapest Stocks You Can Confidently Buy Right Now

These highly profitable stocks are valued at just three to six times Wall Street's forecast earnings for 2023.

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Western Digital mulls splitting its business – shares close in red

Western Digital (NASDAQ: WDC) announced on June 7 that it is exploring strategic alternatives, including separating its flash and HDD.

Western Digital (WDC) to Evaluate Strategic Options, Shares Up

The various alternatives include splitting up Western Digital's (WDC) Flash and HDD businesses.

Why Western Digital Rose 14.4% in May

An activist investor targeted the storage giant, making an offer that's hard to refuse.

Western Digital May Split Off Flash Memory Business After Push From Elliott

Western Digital is considering dividing itself into a company for traditional hard drives and another for flash memory.

Western Digital reviewing alternatives after Elliott's push to split

(Reuters) -Memory storage devices maker Western Digital Corp said on Tuesday it is reviewing strategic alternatives, including options for splitting off its flash-memory and HDD businesses.

Western Digital Announces Review of Strategic Alternatives

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corporation, (“Western Digital”) (Nasdaq: WDC) today announced that it is reviewing potential strategic alternatives aimed at further optimizing long-t...

Western Digital Stock Has Outperformed The S&P Since 2018 Despite A Drop In Sales

Western Digital (NASDAQ: WDC) stock price rose 1.65x from $37 in 2018 end to around $60 currently, primarily due to favorable changes in its P/S multiple.

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These beaten-down growth stocks look like big bargains as they are now heavily oversold despite their reassuring prospects. The post 7 Beaten-Down Growth Stocks That Look Like Big Bargains Right Now app...

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Here's Why Western Digital (WDC) is a Strong Momentum Stock

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Jon's latest options trades

"Halftime Report" trader Jon Najarian spots unusual activity in the options market.

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Elliott Urges Western Digital To Spin Off Flash Business

WDC, $56.53, Market Cap: $17.7 billion), recommending the Board to conduct a full strategic review of a value that could be created by separating the hard disk drives (HDD) and NAND flash memory (Flash)...

Western Digital (WDC) Announces 22TB & 26TB UltraSMR HDDs

Western Digital (WDC) announces that it has been "sampling" its latest 22TB and 26TB UltraSMR HDDs for select hyperscale cloud customers.